The Diamond is another new digital currency which lets users send cash almost anywhere they wish to instantly and safely at practically zero costs. The DMD is for people who are keen to invest in an instantly transferable and non-government controlled asset which will have no storage expenses.
The Diamond basically aims to help people achieve financial freedom. It makes every DMD coin interest-bearing having a high annual rate of interest. Interestingly, only about 4.38 Diamonds will get created over a period of decades and this therefore is one of the rarest electronic commodities. When you acquire the DMD, it automatically grows into an interest-bearing asset. The DMD coin is also known to be highly secure and transactions are secured by a security algorithm of the highest quality. Because of advanced cryptography, accessing any account becomes next to impossible. Moreover, you can always trust this brand not only for promoting your business but even as a tool which you may use for engaging your buyers. The Diamond network is designed to facilitate fast money transfers. So, the Masternode-powered QuickTX can cut down on confirmation time and the faster block times will guarantee better speed. Because of the POS approach, it not only lowers carbon footprint but it can also lower electricity usage so that it becomes environment-friendly.
The DMD may not be mined directly because it makes use of the POS technology. The Diamond Multipool however allows users to mine other currencies with specialized hardware which makes use of many different mining algorithms. The payouts are then automatically turned into DMD coins.
The Diamond has been described as the coin of innovation. And it was also the first which could change algorithms and maintain the legacy blockchain. So, it was true to its promise of being a long-term investment strategy and a trustworthy option to those keen to invest in an ultra-rare source of wealth. Since it is designed to give an annual interest rate to all those investing in this cryptocurrency, the DMD is an excellent investment option for those who have acquired it either by buying it or mining other currencies. The DMD is not directly mineable and the mining pool demands that individuals must mine another digital currency which they will remit to this company to get DMD in return. So, the DMD Foundation will have complete control over new coins which are not being traded actively in an exchange.
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