Diamante (DIAM): The First Hybrid Layer 1 Blockchain Ecosystem
Though Diamante has been around for a while, its recent rebrand and upcoming token generation events have propelled it back into the news cycle. The Diamante chain's big claim to fame is that it's the first Layer 1 hybrid blockchain in existence. What does this mean for the typical crypto user or investor? Keep reading this guide to learn more about how Diamante works — and why it could be so revolutionary.
Key Takeaways:
Diamante uses a unique hybrid protocol that involves running multiple consensus methods and operating several server nodes simultaneously.
Looking to trade Diamante tokens? Bybit now offers the DIAM/USDT Spot trading pair.
What Is Diamante?
Diamante is an independently operated Layer 1 blockchain. It uses a unique hybrid protocol that involves running multiple consensus methods and operating several server nodes simultaneously. This results in a chain that’s particularly scalable, secure and decentralized.
History of Diamante
The Diamante system was founded by Dinesh Patel and Chirag Jetani in 2018. Patel has 25 years of experience in business and finance, and Jetani is an engineer and long-time blockchain enthusiast. Much of the project was born out of Jetani's passion for creating a blockchain system that could meet the complete needs of its users.
In 2024, Diamante Blockchain rebranded itself as Diamante. This rebrand included dropping half of the project's name, and redesigning the company's logo and website. Jetani explains that this rebrand is meant to help the chain diversify and expand. By emphasizing its broad ecosystem with a variety of applications, the team hopes to showcase that Diamante is more than just a standard blockchain.
What Does Diamante Aim to Achieve?
A lot of Diamante's design comes from a desire to address the blockchain trilemma. Many early blockchains realized it was difficult to create a system that was equally secure, scalable and decentralized. Inevitably, they ended up having to sacrifice one of these features to promote the other two.
Diamante hopes that its unusual hybrid design can provide users with a blend of all three features. By solving the blockchain trilemma, Diamante believes it can become the most flexible chain in the world. Instead of only working for specific use cases, the blockchain hopes to be equally useful for any project. Whether a big business seeks a secure way of recording data, or a startup application is looking for scalable transactions, Diamante believes it can help.
How Does Diamante Work?
The Diamante ecosystem infrastructure starts with a decentralized network of servers. Each server holds a copy of the same ledger that lists all transactions every user makes. Diamante has set up its servers to communicate with each other and sync every three to five seconds.
A federated Byzantine agreement (FBA) is used to update the servers and reconcile any disagreements while syncing. This creates a tiered system that prioritizes resilience and decentralization. All of the various products within the Diamante blockchain network are run on this blockchain, while the software on Diamante’s website provides a convenient and straightforward interface for accessing its services.
Features of Diamante
By leveraging proprietary blockchain infrastructure, Diamante has been able to create an entire blockchain ecosystem so that any user who accesses it can enjoy all of its features.
Hybrid Blockchain
Diamante calls itself “hybrid” due to its ability to use the same chain for drastically different purposes. It offers both centralized and decentralized features at the same time, so users can choose secure options for institutional applications or scalable options for decentralized applications (DApps).
Triple Layer Consensus
A secure validation method is part of establishing concrete trust in a system, and Diamante has certainly delivered on this aspect of a Layer 1 blockchain. It uses a combination of proof of stake, proof of history and asynchronous Byzantine fault tolerance consensus to validate its chain. In addition to being secure, this also approach helps the chain stay compatible with a variety of other blockchains.
Quantum Resilient
Diamante aims to future-proof itself by being resilient to attacks from quantum computers. This will help ensure its system remains secure even if this advanced new technology is developed.
Blazing Speed
Diamante boasts incredibly fast transaction speeds. While settling a transaction on a larger chain like Bitcoin or Ethereum can take minutes, Diamante claims it can get settlements finalized in around four seconds.
Real-World Focus
Instead of prioritizing web3 trends, Diamante's products are built to address real-world needs. It offers a variety of banking, payment and credit applications that people can use to manage their finances and work with brick-and-mortar businesses.
Eco-Friendly
Diamante's architecture is set up to use as little computing power as possible. This results in an eco-friendly design and a system that doesn’t encourage its users to waste electricity and other resources.
Diamante Road Map
Since 2024, Diamante has been working on a road map that’s meant to revolutionize global finance, and to center Diamante as a leading ecosystem. The company has already refined its technology and streamlined its marketing with a rebrand. It’s currently working on expanding to the U.S. and launching a new cryptocurrency token.
For the future, the Diamante road map focuses on offering more services centered on payments and trade. It plans to integrate credit provision, banking, accounting and investment services in one convenient location. By 2026, Diamante plans to be a payments super-app whose users can access a variety of financial solutions from a secure and decentralized environment.
DIAM Airdrop
To help launch its new token, DIAM, Diamante has hosted an airdrop for its users. Eligibility for the airdrop is based on on-chain activity, so the more you use Diamante for its transaction and recording services, the more tokens you can receive.
Diamante reports that over 600,000 people have already participated in the airdrop, and it will continue running until the token generation event on Feb 12, 2025. Users can claim their portion of the airdrop by visiting the Diamante website. Syncing your wallet to your account will allow you to automatically claim DIAM.
DIAM Tokenomics
DIAM, the native token of Diamante, will be used to manage a variety of fees and services throughout the blockchain ecosystem. It has a larger-than-average total supply of 10 billion tokens that will be distributed according to the following plan.
Foundation: 27%
Liquidity: 18.9%
Investors and backers: 11.5%
Ecosystem grants: 10%
Marketing: 10.2%
Team and contributors: 8.9%
Community rewards: 7%
Advisors: 4%
Strategic partners: 2.5%
DIAM Price Prediction
Since DIAM is still quite new and hasn't been released on most markets yet, there isn't a lot of pricing data for analysts to discuss. An impressive $5 million has been reported for token presales so far. However, with such a large token supply, users shouldn’t expect an extremely high price per token.
Typically, crypto price predictions are heavily related to the amount of positive press a crypto is receiving. DIAM has captured a lot of attention from crypto influencers and generated plenty of online discussion. However, no one can quite agree on whether the token has a bullish or bearish outlook. While some social media comments praise the forward-thinking nature of the ecosystem’s creators, other commenters believe Diamante will struggle to compete with Solana and other similar chains.
Where to Buy DIAM
Looking to trade Diamante tokens? Bybit now offers the DIAM/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the DIAM/USDT Spot trading page.
Is DIAM a Good Investment?
By leveraging proprietary blockchain infrastructure, Diamante could potentially become a critical part of the financial ecosystem. It's backed by a lot of reputable funders, and has a highly dedicated marketing team providing plenty of detailed information about how the project works. These are usually positive indications that a new crypto token will receive enough support to perform well.
However, establishing concrete trust with an audience can take time, and there are some understandable concerns as to whether Diamante can deliver on all its claims. Though it does have some unique tech, other chains are providing similar services already. This uncertainty may combine with inherent market volatility to provide some issues for the DIAM token. Users who want to invest in it need to remain cautious and use smart risk mitigation strategies.
Closing Thoughts
The Diamante's blockchain’s hybrid design makes it a very promising Layer 1 project. Its ability to maintain numerous services across countless nodes could be quite useful. However, it's difficult to predict how many of its plans this highly ambitious project will actually accomplish in the near future. Interested investors should make sure to keep a close eye on Diamante.
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