In this exclusive interview, Chirag Jetani, the visionary Founder and COO of Diamante, dive’s into the groundbreaking innovations and strategic vision driving Diamante’s mission to democratize the digital economy.
Jetani sheds light on Diamante’s unique hybrid Layer 1 blockchain, which blends the speed of Solana, the utility of Ethereum, and the security of Bitcoin.
He also discusses the ecosystem’s key products, the role of their native DIAM token, and the comprehensive approach Diamante employs to attract developers and institutions.
Table of Contents
1. What is Diamante’s mission?
We at Diamante mainly focus on democratizing the digital economy by providing a scalable, secure, and accessible blockchain ecosystem that empowers developers, institutions, and individuals.
Challenges like high-cost, time-consuming, slow, lack of security & interoperability, and non-hybrid ecosystems have been the foundational challenges for almost all networks. Here we come!
At Diamante, our hybrid L1 blockchain network is built on the triple-layer consensus mechanism and is perhaps quantum-resilient, stronger, and more dynamic than any other blockchain, which is competing in the massive blockchain market and is projected to reach $248 billion by 2029.
It is huge, isn’t it? And so is our mission with our hybrid layer 1 network, Diamante.
This is not it. Diamante combines the speed of Solana, the utility of Ethereum, and the security of Bitcoin. It is a solution built to address the challenges of today while serving the needs of tomorrow.
The integration of BNB Chain’s Greenfield into our ecosystem is another major move in enhancing the utility and functionality, ensuring cross-chain interoperability through the synergies between multiple blockchain networks.
To sum it up, I can proudly say that Diamante stands as ‘the blockchain of all blockchains, and possibly the last Layer 1 solution anyone will ever need.’ Backed by our valued investors, including the esteemed Private Office of Sheikh Mohammad Bin Ahmed Bin Hamdan Al Nahyan, we have embraced innovation and leadership in driving blockchain technology forward.
This support has empowered us to push boundaries and deliver a powerful, future-ready network that reshapes industries and sets new standards for performance and scalability.
2. What key products are in the Diamante ecosystem?
Diamante stands as the world’s first hybrid Layer 1 blockchain protocol, designed with quantum-resistant security and scalability at its core.
This blockchain is built to meet the needs of today’s decentralized applications (dApps) and institutional-grade solutions, providing unparalleled speed, security, and flexibility.
Diamante’s wide array of products and solutions built on the top of our hybrid blockchain network include:
- PayCircle: A super app to make payments, send & receive funds in multi-currency with AI curated rewards, and more.
The other ones that are more in development phase include:
- CrediitCircle: a deFi platform offering seamless flow of credit and lending against users’ cryptocurrencies;
- MudraCircle is a decentralized banking platform helping banks provide CBDC solutions, making it a go-to solution for both retail and institutional users seeking instant streamlined payments on digital currencies;
- MetaCircle is another dynamic product providing a scalable infrastructure for virtual banking environment – Now users can experience virtual banking in metaverse environment.
Diamante is also breaking new ground by supporting the development of major enterprise applications like Customer Relationship Management (CRM) and Human Resource Management (HRM) tools, making them the first to be built on blockchain.
The NodeHRM and ChainCRM platforms allow businesses to manage customer and employee interactions scattered across time zones.
ChainCRM supports sales and marketing campaigns, managing leads and their contacts in a decentralized way. This platform lets teams track sales and customer interaction, providing real-time analytics, predictive insights, and automation capabilities.
Both these powerhouses are the world’s first platforms built on a blockchain. We have more lined up and can be found here.
3. What is the role of the DIAM token, and how do users benefit?
DIAM is our native digital asset, providing seamless access to the Diamante ecosystem and powering payments, validations, and rewards throughout.
By holding DIAM, users gain multiple benefits, including transaction fee reductions and the opportunity to participate and earn rewards.
So far, we have successfully raised over $8 million through our DIAM Private Sale, demonstrating strong global interest.
The value of DIAM is driven by several key factors:
- Global User Traction: We’ve seen tremendous uptake from users worldwide, which boosts DIAM’s utility and value.
- High-Speed Transactions: DIAM facilitates real-time settlements at a speed of up to 100,000 transactions per second (tps), ensuring efficient transactions across the ecosystem.
- Scalability: Diamante is highly scalable, seamlessly handling both decentralized and institutional use cases.
- Sustainability: Built on an energy-efficient consensus mechanism, DIAM ensures sustainability while maintaining high performance.
- Farming and Validation: DIAM’s utility extends to farming, and validation, providing rewarding opportunities for participants and maintaining data integrity.
- Security with RBAC (Role-Based Access Controls): Our RBAC system adds an additional layer of security, authorizing users based on their staked value and assigned roles, serving as an effective anti-phishing measure.
Recently, we launched one of the biggest Socifi campaigns, and I can proudly say it was one of the most inclusive campaigns the crypto industry has seen.
Interestingly, we often talk about crypto as one of the most inclusive systems for enabling direct, peer-to-peer payments for users globally, so we thought, why not make our campaign inclusive, too?
Anyone who has done any transaction on any blockchain could participate and claim DIAM. But it wasn’t just for people already involved in crypto or blockchain – I believe in driving wider adoption.
We also onboarded new users who had never made a transaction but were interested in crypto. Honestly, it was one of the largest campaigns, catching the attention of almost all KOLs, projects, and more. Now, everyone wants to be associated with Diamante.
To learn more about our upcoming campaigns and to stay updated on the latest network developments, we invite everyone to join our community.
4. What makes Diamante’s hybrid blockchain unique compared to others?
The speed of Solana, the utility of Ethereum, and the security of Bitcoin is all what makes the Diamante’s hybrid L1 network unique.
As mentioned earlier, our hybrid L1 blockchain protocol, Diamante, has the ability to process up to 100,000 transactions per second (TPS) in a lighting-fast 1-4 seconds.
Diamante is positioned as one of the most competitive and advanced blockchain ecosystems on the market.
Diamante’s hybrid model seamlessly bridges decentralized applications and private, permissioned institutional solutions, making it a versatile platform for a wide array of use cases.
The network’s quantum-resilient cryptography ensures long-term security, protecting it from both current and future threats posed by quantum computing advancements. Its triple-layer consensus mechanism – utilizing Proof of Stake (PoS), Proof of History (PoH), and Asynchronous Byzantine Fault Tolerance (aBFT)—ensures maximum security, efficiency, and cross-chain compatibility.
Diamante authorizes other networks to build and bridge their smart contracts, ensuring seamless interaction between multiple platforms. Call it “Sync-bridge”.
To sum up, its quantum resilience, triple-layer consensus mechanism, hybrid nature, robust security, transaction speed, and extremely versatile use cases are what make the Diamante network unique.
5. What makes Diamante’s security “next-gen,” and how do you future-proof your platform?
Diamante’s next-gen security is powered by quantum-resistant cryptography and a triple-layer consensus mechanism, making the network immune to both current and future threats.
Quantum-resistant cryptography is crucial for future-proofing the blockchain against potential threats posed by quantum computing, ensuring that the network remains secure and resilient for years to come.
The combination of Proof of Stake (PoS), Proof of History (PoH), and Asynchronous Byzantine Fault Tolerance (aBFT) enhances security, ensures high throughput, and offers cross-chain compatibility, enabling up to 100,000 transactions per second.
6. Why should developers choose Diamante over other blockchains like Solana or Arbitrum?
Our network, Diamante, offers compelling advantages, which make it a prime choice for developers.
For instance, Diamante is built with quantum-resistant cryptography, ensuring long-term protection against future threats posed by quantum computing.
Beyond being a hybrid L1 network, we offer grants to support projects and developers who want to build on our blockchain.
The Diamante grant provides financial backing to innovative ideas, along with 24/7 mentorship, addressing the technical and operational challenges in real-time.
Coming to the technical aspects of the Diamante network, unlike other networks, Diamante’s hybrid Layer 1 architecture bridges decentralized and institutional applications.
This versatility allows developers to build both public dApps and private enterprise-grade solutions on a single network, offering more use cases and flexibility than most other platforms.
Diamante leverages three powerful consensus algorithms – Proof of Stake (PoS), Proof of History (PoH), and Asynchronous Byzantine Fault Tolerance (aBFT) – to ensure enhanced scalability, security, and speed.
This multi-layer approach allows for up to 100,000 transactions per second (TPS), with real-time settlements in 1-4 seconds, outperforming many leading networks in speed and efficiency.
With its hybrid nature, Diamante supports both institutional and retail applications, enabling seamless cross-chain interoperability and liquidity flow.
This means developers can create applications that appeal to a broader audience, including both consumers and businesses, without needing to switch between blockchains.
Diamante is rapidly expanding its ecosystem with developer grants, partnerships, and incentives that fuel innovation.
This proactive support encourages developers to build and scale their projects on the Diamante network, providing long-term benefits like increased adoption and token demand.
7. In such a competitive space, how do you plan to attract new projects, developers, and institutions to your blockchain?
Diamante is committed to attracting new projects, developers, and institutions in the highly competitive blockchain space through a comprehensive approach that offers substantial support and resources.
Here’s how we plan to do it:
- Diamante Grant Program: We offer the Diamante Grant to incentivize and support developers and projects that want to build on our blockchain. This program provides financial backing to innovative ideas, helping to lower the barriers to entry and ensure that developers have the resources they need to bring their visions to life. Whether you’re an individual developer or an institution, this grant aims to empower you with the necessary funding to focus on innovation and development. We encourage highly competitive and innovative projects to apply for the Diamante ecosystem grant.
- Hackathons: We host regular hackathons where developers, startups, and tech enthusiasts can compete and collaborate on building innovative decentralized applications (dApps). These hackathons provide a platform for showcasing talent while also offering rewards and recognition for projects that excel. They are a great way for developers to get hands-on experience with our blockchain, build exciting new solutions, and gain visibility within the ecosystem.
- Mentorship and Guidance: At Diamante, we believe in providing developers with the guidance they need to succeed. Our team of experts offers mentorship to projects, ensuring they receive professional advice on everything from technical architecture to business strategy. This mentorship helps projects grow and scale efficiently while also aligning them with the best practices in blockchain development.
- 24×7 Support: We pride ourselves on offering 24×7 support for developers and institutions building on Diamante. Our dedicated support team ensures that any technical issues, questions, or concerns are addressed in real-time, providing an environment where developers can focus on building without interruption. This constant availability demonstrates our commitment to the success of every project within our ecosystem.
Together, these efforts make Diamante an attractive platform for developers and institutions looking to innovate in the blockchain space. By offering financial grants, collaborative hackathons, expert mentorship, and round-the-clock support, we provide a nurturing environment for projects to thrive.
8. How are you building and engaging the Diamante community?
Community is at the core of any brand, whether in Web2 or Web3, and the more connected we are with them, the stronger the relationship will be.
This is why I personally travel to different countries where Web3 events are happening and make sure to meet our communities by organizing side events or meetups.
In addition, whenever I visit a new country, I make it a point to meet new Web3/Crypto communities. Let me share an interesting incident: I was recently in Tokyo for WebX Asia and met someone there.
We hit it off really well, and I asked him, “Why don’t you become our community manager for Japan and help us grow?”
It worked wonders—within two months, we had over 1,000 people join the community.
We have community managers in different countries who organize meetups and other events where DIAM enthusiasts come together to strengthen their bonds.
Users can claim DIAM based on their activity across leading blockchains and by becoming a part of the DIAM community.
With various collaborations, for instance, users can receive DIAMs by completing certain tasks on the quest platforms, such as the Mon Protocol and Galxe.
Additionally, there are multiple quizzes and games lined up to give users a chance to interact, learn and earn rewards. Interested folks can keep an eye out for the announcements on our Twitter, Discord, and other social platforms.
This is how we are not only forming new partnerships but also strengthening our ties with local communities of crypto supporters
9. What upcoming developments can we expect from Diamante?
Diamante has been navigating through a transformative phase, and there’s a lot on the horizon. Imagine this – a world where crypto is not just for a niche audience but becomes an integral part of the mainstream. That’s what Diamante is building toward.
Our recent rebranding—phasing out ‘Blockchain’ from our name—reflects this shift.
We are positioning ourselves for broader market acceptance. This change isn’t just about perception but about building a more inclusive ecosystem that embraces the latest Web3 trends, such as DePin and Real-World Assets (RWAs), which are set to shape the future of decentralized finance.
On the tech front, we’re upgrading our network, and our team is working on some truly groundbreaking projects. While I can’t reveal too much yet, I can say that what we’re building will redefine how we approach decentralized solutions.
Upcoming developments also include further partnerships, institutional collaborations, and expanding our ecosystem through developer engagement and innovation. With all these developments in the pipeline, Diamante is positioning itself to not just ride the wave of Web3 but to help shape it.
Contact
Chirag Jetani, Founder & COO, Diamante
Email: chirag@diamante.io | support@diamante.io
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