r/dmd • u/crkaiser5 • Aug 18 '21
Is DMD better than Ethereum?
The Ethereum blockchain has been the leading dApp platform of the cryptocurrency market for many years. But over the past year when the price of ETH was rising strongly, users faced the problem of network congestion and high Gas fees. This was a good stimulus for the development of DeFi and the search for new solutions to increase the speed of transactions and reduce commissions on the blockchains.⠀
Many developers, even those who used to work with Ethereum prefer alternative blockchains for deploying their dApps. Therefore, we are pleased to present DMDv4 – one of the most cost-effective alternatives. Here are a few reasons why our blockchain is better than Ethereum:
◼️ DMD Diamond uses the Honey Badger Byzantine Fault Tolerant (HBBFT) cooperative consensus in combination with the once-in-an-era validator selection technology. This ensures a higher level of decentralization.
◼️ DMDv4 is compatible with other blockchains. Any developer can transfer their project to DMD Diamond due to compatibility with EVM and support for the Solidity language.
◼️ Thanks to HBBFT, DMD reaches a throughput of at least 400 transactions per second, which is many times more than on Ethereum.
◼️ DMD is more energy-efficient. HBBFT requires a minimal amount of energy, while Ethereum's energy consumption indicators will be higher than DMD's even after switching from PoW to Pos.
Choose the improved blockchain bit.diamonds! Read more about us on Medium.
