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About Diams (DIAM):
Diams (DIAM) are the native currency of the Diamante network. The diam is the only token that doesn’t require an issuer or trustline, and it is used to pay all transaction fees and rent, and to cover minimum balance requirements on the network.
Diamante Net is a layer-1 open-source, decentralized, peer-to-peer blockchain network that provides developers with a robust framework for creating decentralized applications, asset issuance, and seamless connection to existing financial infrastructures. The network is designed to enable creators, innovators, and developers to facilitate the development of interoperating projects.
Consensus is hugely important in a decentralized payment system. It distributes the monitoring and approval of transactions across many individual nodes (computers) instead of relying on one closed, central system. Nodes are run by organizations or individuals, and the goal is for all nodes to update the ledger in the same way, ensuring each ledger reaches the same state. Consensus is vital for the security of the blockchain, allowing nodes to agree on something safely and preventing double-spend attacks.
The Diamante network reaches consensus using the Diamante Consensus Protocol (DCP), which is a construction of the Federated Byzantine Agreement (FBA). FBA differs from other well-known consensus mechanisms like Proof of Work (which relies on a node’s computational power) and Proof of Stake (which relies on a node’s staking power) by instead relying on the agreement of trusted nodes.
In DCP, each participating Diamante Core node (also called a validator or validator node) decides what set of other nodes they want to trust. The flexibility of user-defined trust allows for open network membership (meaning anyone can become a Core node) and decentralized control (meaning no central authority dictates whose vote is required for consensus).
There are no monetary rewards for being a validator on the Diamante network. Instead, users are encouraged to become a validator because they are then contributing to the security and resiliency of the network, which benefits the products and services built on Diamante.
There are three desired properties of consensus mechanisms: fault tolerance, safety, and liveness.
- Fault tolerance: The system can continue operating despite node failures or malfunctions.
- Safety: No two nodes ever agree on different values, guarantees nodes will produce the same block.
- Liveness: A node can output a value without the participation of any misbehaving nodes.
Consensus mechanisms can typically only prioritize two out of three of these properties. DCP prioritizes fault tolerance and safety over liveness. Because of prioritizing safety, blocks can sometimes get stuck while waiting for nodes to agree.
Diamante has three networks: the public network (Mainnet, also called Pubnet or the Public Network), and the test network (Testnet). Mainnet is the main network used by applications in production. It connects to real financial rails and requires DIAM to cover minimum balances, transaction fees, and rent.
The Testnet is a smaller, free-to-use network maintained by SDF that functions like the Mainnet but doesn’t connect to real money. It has a built-in testnet DIAM faucet (called Friendbot), and it resets on a regular cadence, so it’s the best place for developers to test applications when they need a stable environment that mirrors Mainnet functionality.
DIAM Airdrop:
- Reward: 200 $DIAM
- Winner: Random winners
- Distribution: After the airdrop event ends.
- Note: After the distribution, the airdrop link will be closed; stay tuned for a new crypto airdrop link.
How to Claim DIAM Airdrop:
- Visit the official Airdrop Page-1 & Page-2 & Page-3 & Page-4 first!
- In order to participate in the airdrop, you need your name and email address, or a social media profile.
- You will receive a reward once all the tasks have been completed and the airdrop has ended.
- Aside from that, you can also claim the Rese Airdrop.
Airdrop Prizes:
- DIAM giving away $150 USDT + 5,00,000 $DIAM tokens as rewards!
- Top 1–10 refs: 10,000 $DIAM tokens each.
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Note: If you are having trouble claiming the new crypto airdrop, check out the video below!
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