A Diem single-currency stablecoin is a digital asset that has a specific face value in one fiat currency. Diem single-currency stablecoins will be fully backed by the Diem Reserve, which will consist of cash or cash equivalents and very short-term government securities denominated in the same currency as the stablecoins.
Blockdaemon is the Total Node Management Solution
Blockdaemon guarantees peace of mind, as you never have to worry about maintaining or upgrading your nodes ever again — we look after all of that for you. Our finger is constantly on the pulse of each blockchain we support to ensure all of our nodes remain perfectly healthy. Our extensive experience across protocols lets us expertly monitor, repair and replace nodes where protocol level errors may occur. For any protocol updates needed, we look after these in advance so you never see any disruption in service.
Enterprise Level Security
Security is our top priority here at Blockdaemon. All nodes purchased through us are 100% customer dedicated. This means your node is yours exclusively. You’ll enjoy a dedicated node which has a unique address, its own unique connection and authentication key. Furthermore, these are never reused. We ensure your node is not open and exposed to anyone on the internet. Any nodes you’d like to add on additionally can be done so quickly and easily as well!
A Trusted Partner
Blockdaemon is by your side on your blockchain journey. We are the only infrastructure platform for blockchain nodes which offer multi-cloud and multi-geographical support, with just a few clicks. Want custom configurations and branded experiences? No problem, we provide a unified, whole-org, collaborative rollout to manage a complete network. Whatever your needs, we will work closely with you to deliver the solution you need.
Key Features
Open Source
As Diem is intended to address a global audience, the software that implements the Diem Blockchain is open source - designed so that anyone can build on it and billions of people can depend on it for their financial needs. This is an important way to help lower barriers to entry and encourage interoperability and competition to facilitate frictionless payments for more people.
Stable
The Diem payment system will support single-currency stablecoins (e.g., ≋USD, ≋EUR, and ≋GBP) and a multi-currency coin (≋XDX). Diem Coins are backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities.
Mobile
The Diem payment system will be accessible to anyone with an entry-level smartphone and data connectivity. The Diem payment system will facilitate a more accessible, more connected global financial system.
Frequently Asked Questions
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The Diem Association is tasked with facilitating the operation of the Diem payment system in a safe and compliant manner. The Association’s purpose is to coordinate and provide a framework of governance decision-making for the Diem network and Diem Reserve; oversee the operation and evolution of the Diem payment system; facilitate the provision of services on top of the Diem Blockchain in a safe and compliant manner; and establish social impact grant-making in support of financial inclusion.
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Diem uses a Byzantine Fault Tolerant (BFT) consensus approach, where the validators are known and vetted by the Association to ensure security.
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