According to a report from World Bank, the cost of international remittances remains at a whopping 6.4% (as of Q4 of 2023), a tad higher than the sustainable development goal of 3%. This points to a palpable inefficiency in the global finance industry, prompting the need for a viable solution.
Diamante Net is one such.
Diamante, the world’s leading blockchain and AI-based firm, is dedicated to developing a decentralized ecosystem that drives innovation and efficiency across various sectors. The company’s L1 hybrid blockchain technology, Diamante Net, empowers businesses and individuals to harness the full potential of blockchain and AI, shaping the future of digital transformation.
What is Diamante Net?
Diamante Net is a layer-1 blockchain that offers secure, transparent, scalable, fast, and cost-effective transactions and decentralized applications (dApps). It was developed by Diamante to resolve lingering issues bordering international trade, payments, cross-country fees, etc. It enables a seamless flow of data as it resonates with the team’s commitment to democratize blockchain access and break existing barriers to entry.
Diamante Net boasts 126 nodes contributing to the overall speed of the network. Currently, it handles over 7,500 transactions per second (TPS) and 10 million in under five seconds. By delivering low-cost, remarkably fast transactions, the layer-1 blockchain network has helped private and decentralized ecosystems tokenize their services.
Diamante Net leverages Sync-Bridge technology—a unique tech—to provide seamless interaction between decentralized and private ecosystems. Nascent projects like Hypersign—a digital identity solution provider—utilize this layer-1 network to switch between Web2 and Web3 ecosystems without faltering financial regulations. The feature further allows for hassle-free tokenization functions while allowing them to thrive in a secure framework, making it substantial for both individual token holders and institutions.
Speaking at the recently concluded Istanbul Blockchain Week 2024, Founder and COO of Diamante, Chirag Jetani, described the layer-1 blockchain network as a “hybrid that allows institutions and dApps to be built on top of it, creating a seamless flow of assets and data uniquely.”
Diamante has a strong presence in the space, thanks to its multiple core offerings. The advanced layer-1 network is present in Web3 and blockchain events such as the Istanbul Blockchain Week 2024, GM Vietnam, and the upcoming conferences such as the WebX 2024, Tokyo, Japan, scheduled for August 28 and 29, 2024, and later at the TOKEN 2049 Singapore, Binance Blockchain Week, etc. Diamante also boasts a dedicated community of over 1 million members as well as recognition on CertiK’s platform as the number 2 pre-launch project.
Features of Diamante Net
Interoperability
The absence of interoperability amongst existing blockchain-based networks has become a huge industry problem. Diamante Net, therefore, enables seamless exchange of data and assets across multiple chains.
Reduced Latency
Diamante Net adopts the advanced Federated Byzantine Arrangement (FBA) consensus mechanism that guarantees low latency. This eliminates delays in international transactions, thus making the network a fast, low-cost, and comprehensive solution for domestic and cross-country payments.
Overall Network Efficiency
Diamante Net's infrastructure consists of 126 nodes tasked with contributing to high-speed, cross-chain, and low-cost features of the ecosystem. By leveraging the Federated consensus algorithm, the layer-1 solution maintains fast transaction speed regardless of the number of active nodes participating.
A Comprehensive Platform
Diamante’s diverse nature is yet another remarkable feature of this blockchain solution. It currently powers an array of projects in multiple fields, such as healthcare, gaming, CRM, DePIN, RWA, payments, HR, cryptocurrency, NFT, loans, etc.
How Diamante Net Differs from Other Global Blockchains
Lack of trust and strong support systems have been identified as two key challenges of blockchain adoption. Speaking at the previously mentioned Istanbul Blockchain Week 2024, Mr. Jetani reiterated Diamante's dedication to supporting developers. Hence, an efficient and responsive team of industry experts with decades of experience has been assembled to assist developers and institutional builders as they journey through this innovative layer-1 ecosystem. This distinguishes Diamante Net from other blockchain-based networks.
By leveraging the FBA consensus mechanism, Diamante Net provides ultra-fast transaction speed and low latency. Additionally, unlike the others, it enables cross-chain interactions and exchange of data, guarantees high network performance, and is ultimately secure and scalable.
Another significant difference between Diamante Net and other leading blockchain networks is that this layer-1 solution is a hybrid blockchain. It combines features of both the private and public chains, guaranteeing that users can have both a public permission-based system and a private one. This unique feature further strengthens the network’s overall functionality, promoting confidentiality, flexibility, and cost efficiency.
Diamante’s native digital asset, DIAM coin is the core of the ecosystem. It offers secure, lightning-fast, and incredibly low-cost transactions on the layer-1 blockchain network. It is the primary exchange currency in the ecosystem and can be swapped from one network, like Binance Smart Chain (BSC), Ethereum, or TRON, to another. DIAM acts as the network's processing fee and is set to be listed on multiple exchanges. It is powered by Sync-Bridge.
dApps Developed on Diamante Net
Diamante Net is not only a layer-1 blockchain solution designed to address existing industry problems, but it also possesses the ability to support diverse dApps in the finance and crypto sectors.
Some of these projects are:
PayCircle: it is the project’s flagship payment dApp that supports multiple currency transactions at little cost while offering AI-created rewards and FDIC coverage. It allows users to send and receive tons of currencies—both digital and fiat.
Mintify: an innovative NFT management tool designed to simplify usage for digital creators and consumers.
ChainX: a secure crypto exchange that guarantees safe and fast transactions.
ChainCRM: The world’s first blockchain-based CRM platform designed to enhance business-consumer relationships by delivering powerful tools to increase leads and sales. It is the world’s leading blockchain-based
NodeHRM: Being the world’s first blockchain-based HR management software, HRM is designed to streamline HR tasks within a company, gather employee data, simplify hiring, and improve managing staff.
CreditCircle: it provides instant loans that are secured against cryptocurrencies, therefore offering unlimited access to funds.
MetaCircle: a valuable tool that combines virtual banking with an immersive experience and AI-driven chatbots for a seamless yet modern user experience.
Diamante Net is truly a comprehensive layer-1 blockchain network designed to enable low-cost, scalable, and lightning-fast transactions while allowing developers to build as many diverse dApps as possible.
