Monero Diamond plans to tackle the scaling issues, which is the main source of problems in Monero, and in all cryptocurrency coins for that matter, and integrate the MimbleWimble protocol so that the blockchain size will be bound to the number of users using Monero Diamond (not the number of transactions being made in the network). This will significantly reduce both transaction costs and blockchain size, permanently solving the scaling problem. Monero, like many other cryptocurrencies, is based on a decentralized consensus mechanism. Monero nodes run software that is restricted to certain consensus rules so that nodes not complying with these rules would not be included in the Monero network. Other nodes in the Monero network check if a certain block, when it is mined, complies with these consensus rules. It is either accepted by other nodes in the blockchain if it does, or rejected in case it does not. A hard-fork occurs as a result of Monero Diamond’s deviation from the current Monero consensus rules. Monero nodes and Monero Diamond nodes will still comply with the same rules, validating everything that took place on the blockchain before block 1729888 . But from block 1729888 , Monero Diamond’s new rules come into effect, which will cause nodes of Monero to reject blocks that were formed with Monero Diamond rules and Monero Diamond nodes to reject Monero based blocks . Thus, the network will split. The Monero blockchain will continue to add new blocks to its blockchain; however, from block 1729888 , Monero Diamond will begin creating a new branch of blockchain that diverges from Monero. Monero Diamond and Monero will share the same history of transactions and balances up until that point. This new branch will represent a new cryptocurrency: Monero Diamond.
Monero Diamond (XMD) is a private, untraceable, finite and secure cryptocurrency fork of the Monero (XMR) blockchain. A hard-fork split will occur at block 1729888 when Monero Diamond miners will start to create blocks on the Monero Diamond network.
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