Over the past few years, we have seen a lot of new Layer 1 blockchains designed to, if not solve the blockchain thriller, at least come close to it. However, neither Aptos, Sui, Sei (of course, they are different projects), nor Solana have been able to outshine Ethereum's dominance, or even come close to its level. It seems that these are entire ecosystems with their own DeFi solutions, but the first 3 blockchains are inferior in terms of TVL to just one decentralized protocol in the Ethereum network called Uniswap.

This is despite the fact that Ethereum itself is becoming increasingly centralized and introducing censorship, which is completely contrary to the fundamentals of cryptocurrencies. And all because there is no qualitative alternative that is faster, more flexible and, most importantly, cheaper. Or is there?

Actually, after spending several dozen hours researching various projects, I found out that there has been an alternative called DMD Diamond  for more than 10 years. Absolutely, I was not mistaken, the project has been in development for more than half a decade, if you count the pause and rethinking of the vision by the project team. In general, that's why I decided to write this review article, because this project has its own solutions and developments that we haven't seen on the market yet.

In general, one of the most important advantages/differences of this blockchain from the rest is the HBBFT consensus mechanism, which stands for Honey Badger Byzantine Fault Tolerance. This is where every trader can say that nothing is clear, but very interesting. So, let's see what it is, but let's start with the last three words.

So, BFT, which means Byzantine Fault Tolerance, is a property of the blockchain that allows reaching an agreement (consensus) even if several nodes, i.e. nodes, do not respond or provide false information. The main goal of BFT is to protect the blockchain from system failures while reducing the impact of malfunctioning nodes. By the way, if you are interested, you can look at the task of Byzantine generals, it describes how it all works on a concrete example.

Honey Badger, in turn, represents the animal of the same name, which in Russian is called a honey eater. Few people know, but this mammal is quite tough and aggressive for a small size, which inspired the developers to create an attack-resistant consensus mechanism.

In addition to protecting against attacks and maintaining operability even when some nodes fail to respond, HBBFT consensus has a number of other advantages:

• Decentralization - this mechanism allows you to create a truly decentralized network, which is what the development team wanted and which I will pay attention to more than once in the course of the article.
• Scalability - thanks to high-quality decentralization, a large number of nodes can participate in the project, which makes it easier to work even under heavy loads.
• Security - this consensus algorithm can adapt to any changes in the network. In addition, the consensus threshold is dynamically adjusted based on a variety of data, such as the current state of the network or attacks.
• Resistant to Attacks - HBBFT can protect the network from many different types of attacks, including denial of service (DoS), message or block spoofing (making forking simply impossible), and attempts to disrupt consensus.

Moreover, one of the most important advantages not only of this mechanism, but of the blockchain as a whole, is its full compatibility with the EVM (Ethereum Virtual Machine). That is, the Diamond blockchain supports Ethereum smart contracts as a separate, independent blockchain, not as an appendage network for the hegemon.

And this is where developers who don't need to learn a new language like Solana (Rust) or Aptos (Move) get a big plus - they can build projects in their favorite Solidity.

That is, once again, we get a separate blockchain that is decentralized and scalable enough, in addition to being compatible with the most popular ecosystem and not requiring mastery of other programming languages. The icing on the cake is low transaction fees, so users can easily use DMD diamond blockchain to transfer funds and be active in the ecosystem.

And yes, I almost forgot to mention that DMD diamond blockchain is managed by a DAO (Decentralized Autonomous Organization), in which blockchain users themselves participate by voting for certain initiatives and proposing their own. The project team does not own the DMD diamond coins - all the supply is on the market, so we can immediately dismiss the possibility of manipulation on the charts and in the DAO. By the way, hello to zkSync and other "top solutions" that distribute tokens to their wallets and buy drops from users for cheap.

DMD diamond blockchain team

Here, it is very important to clarify that the main core of the team has been developing DMD diamond blockchain since its inception, i.e. since 2013. It is very important that the project has not attracted investments from private funds - neither premine nor ICO as it is used as a basis for others, but is being developed on the initiative of the team itself, as well as with the help of long-term stakeholders and ecosystem participants interested in the project.

That is, the team really lives the project and doesn't try to make money on wrappers, as it is done by the projects that come out in Tier-1, God forbid, and about Tier-2-3, I'm not even talking about Tier-2-3. And yes, development didn't stop when DMD diamond blockchain "went underwater" in 2018. And yes, the team is totally drowning in crypto and not using fiat money. Doesn't this remind you of anyone? If not, I'll just write 2 letters: "CZ".

If you are interested, you can learn more about the team on their website in the following section.

Development of the project so far

As I said, the development of the blockchain was carried out behind the scenes for 6 years, although the initial plans were to take 3 years. During this time, marketing was not even on the second plan, it was simply not paid attention to, because of that, the native DMD diamond coin of the project also fell significantly, drawing a kind of "iceberg" on the graph.

Now the developers decided to return to the media field, which I strongly support, because without an audience even the most brilliant ideas are doomed to failure. But, as they say, not only marketing - the project is preparing the biggest update for 7, think about it, years. At the moment the release of v4 update is expected, which will bring a number of changes and additions. For example, ecosystem projects (yes, there are already such) will be able to request funding from DAO; faster block finalization; cheaper commissions; protection against front-running attacks (manipulation of the validator for their own benefit) and everything in this vein.

In fact, the open alpha version of DMD v4 technology relaunch is running for 2 year already; an open beta and release candidate are expected to be launched  in August, while the main version is not expected until the winter of 2024. By the way, these are short-term goals, but in the long run, the team plans to turn DMD diamond ecosystem into a blockchain hub with many functions.

By the way, one of the least obvious uses of DMD Diamond blockchain could be integration into the GameFi and GambleFi sectors. For those who don't know, these are the gaming and gambling sectors in crypto, respectively. All because the upcoming update will allow developers to more efficiently build their own models that require randomization of numbers. All because the chain team has introduced improved random number logic.

In addition, DMD Diamond blockchain can be useful because the NFT coin cost in this chain is only 1 cent, which will benefit both developers and players/customers of Web3 gambling applications.

DMD Diamond Coin

As I mentioned in the article above, the project has a native DMD diamond coin, which at the moment is not in the best position, actually, because of the lack of marketing. At the same time, the coin is not an empty thing, but has several usecases or uses or utilities, call it what you will.

Perhaps the most important is the use of $DMD for voting and decision making in the DAO of the project. In addition, the coin is used to reward node operators for keeping the network up and running, as well as for developing ecosystem applications, and here I would like to focus the attention of developers, because at the moment you can get the coin cheaper - to have more advantages for working during the release of the main version of the update. I think until then the coin will give a few X's, I'll explain the reasons below.

DMD Diamond Coin's Details:

• Ticker - $DMD;
• Total supply - 3.817 million with the possibility of increasing to 4.380 million;
• All 3.817 million coins are in circulation;
• Price at time of writing - $3;
• Capitalization - $11.6 million;
• FDV - $13.4 million.

As you can see, the indicators are not really on the high side, but the project has only recently come to life. If we look at $DMD from an investment point of view, then considering the team's work in marketing and attracting new users, I think the token has quite a lot of potential. If memecoins can easily reach a cap of $1 billion, what can we say about a blockchain that has a number of advantages over its competitors and has a cap of only 11 million?

Let's think about it: if the capitalization reaches $100 million, which is still not quite a decent result, $DMD will yield almost 10 X's. Let's take the same competitors I mentioned at the beginning of this article:

• Aptos - $3.1 billion market cap;
• Sui - $2.08 billion.
• Sei - $1.09 billion.

That is, these projects are at least 10 times superior to DMD diamond coin, although they are remembered for nothing but mostly worthless drops. Although, here, Aptos was and remains a legend, feeding users for the testnet not some picture, but a thousand dollars per account. But it still does not cancel the fact that the idea of the project has failed and it is used by a relatively small percentage of users - TVL is only $300 million and it has grown 3 times in the last six months amid rumors of the second drop for on-chain activity.

In general, you understand what I mean, the potential of $DMD is not just great - it is huge, given its current performance. And if the project team manages to realize what they have planned in terms of marketing, I personally expect at least 7-10 Xs in the next six months, and then who knows.

Furthermore, current DMDv3 coin holders or enthusiasts who buys the current DMDv3 coins can claim the equivalent DMDv4 coins in a 1:1 following DMDv4 launch. Exciting, right? Of course yes!. It's definitely an early adopter advantage that you are able to secure your DMD diamond coins based on v4 technology prior to its mainnet launched.

Trust partners of Diamond blockchain

Well, I don't think it's worth explaining such banal things, so let's get straight to the point. Despite being in the shadows, the team has already managed to form partnerships with various projects, including:

• Blockserv - a development company of various blockchain projects;

In addition to partnerships, listing on major exchanges plays a very important role, which always gives a boost to the price, thanks to the arrival of new liquidity. By the way, DMD Diamond coins are currently traded on BitMart and P2PB2B, but plans are already underway to list it on BingX, BitGet, Mexc and KuCoin. And then, who knows, maybe Tier-1 exchanges will join the list.

Conclusion

In summary, I would like to say and believe that the DMD Diamond blockchain's team will succeed, as such confident and committed projects are to be found. Also, I'm rooting for the guys because it's one of those projects that pushes for technology and usefulness, and not just another collection of money with secondary ideas and descriptions.

Taking into account all the above, we can say that DMD Diamond blockchain is doomed to success if the team does not only rely on developments, but pays proper attention to marketing and media development - of  which new users, liquidity and listings on the top exchanges with accompanying X's will definitely appear. And we will see how it really will be in the near future.