DMD Diamond is a blockchain project that aims to combine features from Bitcoin and Ethereum, utilizing a cooperative consensus algorithm and supporting the Ethereum Virtual Machine (EVM). The project focuses on scarcity, security, decentralization, and community governance.

Overview

Founded in 2013, DMD Diamond has undergone development to adapt to evolving market conditions. The project initiated the development of DMD v4 in 2018 following a community vote, with the goal of creating a new blockchain infrastructure. This new version was designed to replace the older network, allowing existing v3 coin holders to claim new v4 coins at a 1:1 ratio ^[1]. The first v4 White Paper was released in 2019, later transitioning to a GitHub wiki for ongoing updates ^[1].

DMD Diamond is structured as a community-driven initiative without corporate backing. The development team consists of community members focused on decentralization and wealth distribution ^[2]. The project emphasizes a fair and rotating validation system with a maximum staking limit to prevent power concentration. A Decentralized Autonomous Organization (DAO) module is under development to facilitate decentralized governance ^[2]. The DMD v4 network has undergone public testing phases, including Open Alpha and Open Beta testnets, with code audits conducted in late 2024 ^{[1] [3]}. The official release of the DMD v4 mainnet is planned for Q2/Q3 2025 ^[4].

Key Features

DMD Diamond incorporates several features designed to address perceived challenges in the blockchain industry ^[5].

• Scarcity: The total supply of DMD Diamond coins is capped at 4.38 million. All coins were issued at the genesis block, and there is no mechanism for mining additional coins or diluting the existing supply ^[5].
• Sustainability: The blockchain's design aims for sustainability through eco-friendly operations, a node rewards system, and a mechanism to reintroduce abandoned coins into circulation ^[5].
• Fairness: Block rewards are distributed among validators and coin holders who stake with them. A maximum staking limit of 50,000 DMD per validator is intended to limit the concentration of power ^[5].
• Interoperability: DMD v4 is designed to be compatible with Ethereum, utilizing Open Ethereum addressing and foundations. It supports the execution of EVM applications, facilitating the migration of smart contracts and dApps ^[5].
• Security: The network employs the Honey Badger BFT (HBBFT) consensus algorithm and POSDAO, a delegated Proof-of-Stake (dPOS)-like mechanism for validator rotation and rewards. This combination is intended to provide censorship resistance, instant transaction finality, and prevent orphan blocks ^[5].
• On-chain Governance: A DAO module is planned to enable transparent and democratic voting on system changes, upgrades, proposals, and funding for future developments. This DAO governance is part of the planned DMD v4.1 update ^[5].
• Dynamic Blocktimes: The network features dynamic block times ^[6].
• Instant Finality: Transactions on the network are designed to achieve instant finality ^[7].
• Censorship Resistance: The network architecture aims to provide censorship resistance within its ecosystem ^[8].
• Random Numbers: The blockchain incorporates true random number generation capabilities ^[9].
• Front-running Prevention: Mechanisms are included to prevent front-running of transactions ^[10].

Technology

DMD Diamond v4 is built upon a combination of consensus mechanisms and compatibility layers. It utilizes the Honey Badger BFT (HBBFT) cooperative consensus algorithm, which is designed for asynchronous networks and aims to provide resilience against malicious nodes [[https://bit.diamonds/]]. Supplementing HBBFT is POSDAO, a delegated Proof-of-Stake (dPOS)-like system responsible for electing validator nodes and distributing rewards ^[5].

The network is designed for full compatibility with the Ethereum Virtual Machine (EVM), leveraging Open Ethereum foundations and addressing systems. This compatibility allows for the deployment and execution of smart contracts and decentralized applications (dApps) originally built for Ethereum ^[5]. The network aims for a transaction speed of at least 400 transactions per second (TPS) ^[11].

Tokenomics

The native cryptocurrency of the DMD Diamond network is DMD. The tokenomics are structured around scarcity and a sustainable reward system.

• Max Supply: The total supply of DMD coins is fixed at 4.38 million ^[5].
• Issuance: All 4.38 million coins were issued at the genesis block of the v4 network ^[5]. There is no mining process to create new coins ^[5].
• Rewards: Block rewards are distributed to validators and those who stake their DMD coins with validators. Validators receive an equal share of rewards for block creation, which they then share with their delegators ^[11]. The system is designed to be sustainable ^[5].
• Staking Cap: To promote fairness and prevent excessive concentration of power, there is a maximum staking limit of 50,000 DMD per validator ^[5].

Partnerships

DMD Diamond has established partnerships with various entities in the blockchain and technology sectors ^[12].

• BitMart [[[https://www.bitmart]\([https://iq.wiki/wiki/bitmart).com/](https://iq.wiki/wiki/bitmart).com/)]]
• P2PB2B [[https://p2pb2b.com/]]
• Perfectnet [[https://www.perfectnet.at/]]
• Blockserv Blockchain Services [[http://blockserv.at/]]
• lab10 collective [[https://lab10.coop/]]
• Minerva Digital [[https://minerva.digital/]]
• MetaMask [[https://metamask.io/]]
• Blockscout [[https://blockscout.com/]]
• OpenEthereum [[https://openethereum.org/]]
• Newsbit [[https://newsbit.nl/]]

Team

The DMD Diamond project is supported by a community-driven team ^[13].

• Aleksander Mesor: Described as the mentor, leading the Diamond DMD Foundation ^[13].
• David Forstenlechner: Described as the HBBFT protocol expert, contributing software development experience ^[13].
• Thomas Haller: Described as the lead developer, providing technical guidance ^[13].
• Helmut Siedl: Described as the visionary, leading version and research on mechanics and technology. Co-founder of lab10 and founder of Blockserv Blockchain Services ^[13].
• Dieter Biernat: Described as the website expert ^[13].
• shveicar: Described as a supporter ^[13].
• braineeq: Involved in social media, community interactions, and content creation ^[13].

Roadmap

The development of DMD Diamond v4 follows a roadmap with completed, ongoing, and upcoming phases ^[14].

Completed

• 2018: Community vote approved the start of DMD v4 development to replace the old network, with a 1:1 claim ratio for existing v3 coins ^[1].
• 2019: Release of the first v4 White Paper (initially PDF, later GitHub wiki) ^[1].
• 2021: Open Alpha testnet launched for public testing ^[1].
• 2023: Open Alpha2 testnet with added features launched ^[1].
• November 2024: Code audit of claiming and DAO contracts ^[1].
• December 2024: Code audit of core contracts ^[1].

Ongoing

• Since August 2024: Awareness campaign to increase visibility for DMD v4 ^[3].
• Since December 2024: Addressing feedback from the code audit ^[3].
• Since January 2025: Open Beta Testnet is available to the community ^[3].

Upcoming Plans

• Q2/Q3 2025 (1 week pre-mainnet launch): Finalization of v3 snapshot and DMD v4 mainnet release schedule ^[4].
• Q2/Q3 2025: Official release of the DMD v4 mainnet ^[4].
• Q3/Q4 2025: Release of third-party projects on the DMD Diamond chain, including uniq.diamonds and gladiators.diamonds ^[4].
• Q3/Q4 2025: Support by one or multiple multichain protocols ^[4].
• Q4 2025: Introduction of the Diamond Naming Service ^[4].
• Q1/Q2/Q3 2026: Additional services on the DMD Diamond chain, including Diamond CSRC (censorship-resistant chat) and a DAO generator tool for third-party projects ^[4].

Looking Ahead

Future goals and developments are intended to be determined by community voting and participation through the DAO ^[15].