Diamond (DMD)
Rank #1346
Market snapshot
- Price
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- Market cap
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- 24h volume
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- Circulating supply
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- Total supply
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- Max supply
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What is Diamond?
Diamond is a cryptocurrency that utilizes a unique blockchain featuring the Honey Badger BFT cooperative consensus algorithm, which fully supports the Ethereum Virtual Machine (EVM). The design emphasizes sustainability, including eco-friendly operations and a system that recycles abandoned coins back into circulation.
How Diamond works
The DMD blockchain distributes block rewards among validators and coin holders who participate in staking. It aims to be a foundational layer in the blockchain space, offering new features and smart contract capabilities. The blockchain allows interaction with various WalletConnect-compatible tools, facilitating user engagement with its network.
Key information
- Symbol
- DMD
- CMC rank
- #1346
- Network / platforms
- N/A
- Categories
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- Date added
- Dec 19, 2013
Key characteristics
Diamond is fully compatible with Ethereum, utilizing Open Ethereum addressing systems and standards for running EVM applications. The development of the DMD protocol is guided by a non-profit community foundation, ensuring adherence to the project's original goals and concepts.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Diamond (DMD)?
- Diamond (DMD) is a cryptocurrency that operates on its own blockchain, utilizing a unique consensus algorithm and supporting smart contracts.
- How does the Diamond blockchain operate?
- The Diamond blockchain uses the Honey Badger BFT consensus algorithm and distributes rewards among validators and stakers.
- What are the technical features of Diamond?
- Diamond is compatible with Ethereum and follows Open Ethereum standards for EVM applications, guided by a non-profit foundation.
- What are the risks associated with transferring Diamond?
- Users should verify asset and network before transferring assets, and understand that transfers may be irreversible.
- How can I verify the acquisition of Diamond?
- Verify the asset name, network, and destination details before transferring, and review custody methods.
- Where can I find official resources for Diamond?
- Official resources for Diamond can be found on their website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
