VIENNA, Austria, December 11, 2024 (GLOBE NEWSWIRE) — DMD Diamond – one of the oldest blockchain projects in the field, announced the start of the open beta of the DMD Diamond v4 blockchain.
Created in 2013, DMD Diamond is recognized as a decentralized and community initiative. Blockchain v4 introduces a host of advanced features, designed to improve efficiency and usability. Starting December 9, the Open Beta phase invites developers and blockchain enthusiasts to test the innovative features of the platform.
One of the strengths of the DMD v4 blockchain is its Honey Badger Byzantine Fault Tolerance (HBBFT) consensus mechanism. Known for instant transaction finality, high security and low energy requirements, this mechanism underpins a robust and environmentally friendly blockchain infrastructure. The platform’s compatibility with the Ethereum Virtual Machine (EVM) further allows developers to leverage existing tools to build decentralized applications (dApps) on a streamlined, high-performance blockchain.
With the opening of DMD Diamond beta testing, the project invites all interested users, developers, and crypto enthusiasts to join in this historic moment. Helmut Siedl, the visionary of DMD Diamond blockchain, says: “In 2018, when the community approved the technology revival work, we did not expect it to take more than six years. With the launch of the open beta, we are in the final chapter. of this journey and proud of what we are showing to the public, which is now more than expected and full of innovations never before seen in the industry.
Additionally, anyone participating in beta testing can become part of a community and contribute to the future of the project via DAO, which will become active with the launch of the mainnet.
Over the following testing weeks, DMD Diamond looks forward to welcoming new members to experience how the network creates stable blocks (10-minute heartbeat) and reacts to incoming transactions in lightning-fast 1-2 seconds. This is the dynamic blocking time feature of DMDv4. They can also experiment with epoch changes and random selection of new active validator nodes based on staked coins, trust scores, etc. as designed on our network.
To start the process, developers need to install DMDv4 on a Linux server using Open Ethereum builds with DMDv4 extensions and HBBFT/POSDAO configurations. The minimum requirements are a 4-core CPU, 8 GB RAM and 100-200 GB SSD. Full details on how to configure validator nodes, how to configure their Metamask address for DMD Diamond Network, how to claim testnet parts for the open beta and, most importantly, how to navigate Diamond-UI to create a pool (as a validator candidate) can be found in the Guide on GitHub and on the DMD Diamond Discord server.
About DMD Diamant
Founded in 2013, DMD Diamond is a decentralized blockchain project that prioritizes community governance and technological innovation. Over its ten-year history, the platform has focused on developing sustainable and efficient blockchain solutions. The upcoming DMD v4 blockchain reflects the project’s commitment to pioneering advancements, including the integration of energy-efficient consensus mechanisms and support for the development of decentralized applications. By fostering a collaborative ecosystem, DMD Diamond continues to empower users and developers around the world.
Contact
Leila Salieva
leila@bit.diamonds
A photo accompanying this announcement is available on
