What is Diora?
Diora is substrate blockchain with its own native cryptocurrency. Based on its own unique PoSM consensus , it is EVM & WASM-compatible with throughput of 2000+ TPS, fast confirmation times, and low gas costs making it quick and easy for Dapps to deploy and scale.
Diora’s killer features means that it’s unnecessary for developers to worry about network congestion or transaction delay by deploying Dapps & Smart Contracts on our platform. Block generation speed is 2 seconds which will majorly reduce confirmation time compared to 15 seconds in Ethereum network.
Diora supports very high transaction volumes with fast verification's. Ethereum can only process 13 transactions per second, Diora can process 2000+ transactions per second and can scale to reach over 30,000+ TPS when multi-layers are introduced.
Low Transaction Fee
The PoSM Consensus Algorithm is efficient and does not require its network to waste energy on solving PoW puzzles. The transaction fees will thus be negotiable.
Decentralized Community Governance System (DCGS)
Referred to simply as the “Diora treasury”, is a means of reaching consensus on the proposed changes to the network and the development of the ecosystem. Without the need for external centralized parties, everything is created and run inside the Diora network.
We strive to create a financial system that is accessible to anyone with an internet connection. We believe in a world where value flows freely, regardless of one’s geographic location. We believe our blockchain finance platform will not only unlock opportunities for blockchain companies, but also for traditional financial institutions building bridges to the new digital economy.
PoSM - Proof of Stake Masternode
This consensus enables it as an EVM compatible and scalable public blockchain, on which every Ethereum smart contract can be effectively run with almost instant transaction confirmation.
Double validation provides an additional trustless validation layer for security enhancement through a provable uniform distribution decentralized randomization.
Specifically, when a block is created by a masternode, it must be verified by another masternode that is randomly selected among the set of masternodes before being added to the blockchain.
Double validation strengthens Diora’s security, reduces fork and nothing at stake attacks, and makes Diora unique among other Proof of stake based blockchains.
Built with Substrate
Substrate based chains are designed to seamlessly connect to Polkadot, granting access to its system of parallel transactions, cross-chain transfers, and an expanding support network.