What is Diamond Coin? What Does DMD Do?

Diamond Coin is a decentralized open source digital currency that allows its users to transfer money worldwide instantly, securely and with near zero transaction rates. In this article, as Kriptokoin.com, “What is Diamond Coin?” We will answer the question. In addition to these, we will touch on all the questions about the project.

What is Diamond Coin? What does DMD do?

Diamond Coin was introduced on June 13, 2013 with the aim of providing financial freedom, highly guaranteed annual income and safe investment. DMD Coin provides excellent resistance to attacks, especially at the rate of 51%. However, the proven hybrid works on the principle of PoW and PoS. It is a decentralized Coin running on PoS and Master Node. Having this feature makes DMD Coin one of the safest currencies. Diamond Coin is not just a cryptocurrency used to store wealth. You can also be considered a good source of passive income.

What are its features?

1. Proof of Stake: PoS is a fraud prevention mechanism by enabling the network to confirm and verify transactions. Users must have some DMD Coins from Diamond Wallet in order to earn returns from staking. It should also keep the wallet connected to the network. Every DMD Token in the wallet earns interest. This creates new DMD Token. These new coins are given to you as a token of gratitude for supporting the DMD Network.
2. Proof of Mining: Direct mining of DMD Coins is not possible as it uses a PoS mechanism. However, indirect mining of Diamond digital currencies can be achieved through Diamond Multipool. Diamond Multipool uses special hardware that allows users to mine other cryptocurrencies. Payments are then converted into DMD Coins. It is then transferred to Diamond Wallet. In Diamond Multipool, mining is done via NiceHash.
3. Master Node: Master Nodes are always connected to the DMD network. DMDs are computers that run certain tasks that make things faster. Masternodes have two transaction options. It is Quick transaction (QuickTX) and Mixed transaction (MixTX). In normal transactions, confirmation of transfers and payments takes up to 2.25 minutes, while in BTC it can take up to 10 minutes. In hashing, the original amounts are converted into piles of coins with the support of the Token mixer tool built into DMD wallets. MixTX makes it difficult to find and track source addresses. Users must have a minimum balance of 10,000 DMDs to run Masternodes. It must also have a fixed IP.

What is Diamond Coin? How to buy DMD?

To buy DMD; first you need to convert your money to cryptocurrencies like Litecoin, BTC or ETH. However, you should send your LTC, BTC or ETH to a cryptocurrency trading platform where you can easily exchange it for DMD.

To store DMD; You can download the wallet from the official DMD website for different operating systems like Mac, Linux, Windows. Coinomi (Mobile wallet), which supports more than 100 cryptocurrencies, is also available for download to store your DMD Coins in your trusted wallets. Coinomi also works on Android and iOS systems.