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DIAM Tech Talk
Recorded: Feb. 13, 2026 Duration: 1:06:27Space Recording
Short Summary
Diem is on the brink of its mainnet launch, following a successful Testnet campaign that attracted over 2 million users and 57 million transactions. The platform aims to integrate quantum security and AI, positioning itself as a versatile blockchain solution for developers across various ecosystems.
Full Transcription
Music Thank you. Music Thank you. Thank you. Thank you. Music Thank you. Music Thank you. Thank you. Thank you.ご視聴ありがとうございました all right all right gmgm gm dave how we doing this morning well well well amazing day here gm everyone shout out to everyone who's on
the space uh thank you so much for tuning in yeah um everyone in the space make sure you
are reposting uh drop it in all your chats uh share it to all your friends that way they can
they can get to hear uh arjit uh talk talk about everything that is going on with Diem from the tech side.
We got a lot of stuff to dive into today.
So make sure you are sharing the space.
Drop any questions that you might have in the bottom right-hand corner.
And we will try and get to those as well as the space goes on.
But for now, Arjit, are you with us?
Yes, Jesus. I'm pretty much here. Hi, Dave.
GM, sir, how are you doing this morning?
Or it's afternoon for you or evening for you, right?
It's evening.
Evening, yeah.
I'm still trying to get the sleep out of my eyes and you're trying to go
to sleep so uh we're on two opposite ends of the spectrum here exactly but yeah it's web three we
are all like uh like pretty much on the same page and it's that three it's almost the same exactly
we're it we don't we don't get much sleep uh we we. You have to stay locked in, especially right now.
So much stuff happening in the space.
Whether you're not looking at prices or not,
there's still a lot of stuff going on.
And at Diem, we have a lot of exciting things happening.
Do you want to kind of give some background on who you are
and what you do for Diem?
I'll first thank everyone who has joined the space and really looking forward
about how DiEM is shaping up on the tech space. So my name is Adjit. I head the tech and innovation
for DiEM as a group CTO. And it's been almost like eight years
I've been like associated with Diamante.
From the beginning itself, it's a great journey for me.
I've been there like for 17 years in the tech space
with a diverse understanding of the financial markets,
investment banking, and on the trade finance supply chain side.
So in just a moment, I'm just skating on a call.
Just a moment.
No, it's all good.
For those that are just now joining, make sure you repost the space.
We're going to be diving into a lot of the technical side of what makes DMDM.
And, you know, we had CJ on last week.
I think he's out traveling the world.
I think he was at in Hong Kong for consensus.
Right, Dave?
So we're going to be looking to have him coming back in pretty soon, giving us some updates from his travels as well.
All right. Absolutely. A whole lot of things happening in this space uh the arjit's back yeah let's go yeah let's go um all
right arjit you can go ahead and continue all right so as i was just saying it's been it's
almost like 17 years in the industry uh being like worked upon in different segments and verticals
engineers in the industry being worked upon in different segments and verticals, starting
from the trade finance, supply chain, we talk about onto the core banking perspective.
So there have been multiple enterprise verticals that I have worked upon in the more under
the products and innovation side.
And it's been like eight years I have been spearheading Diamante on the blockchain innovations,
the AI innovations and the product need to do.
So that is pretty much from my end.
Nice. Okay. Yeah.
I was just in a back channel, in a back Discord, having a chat with someone about Quantum,
and they're asking me all these questions like, you know,
and they're asking me all these questions like, you know,
what is the difference in a computer chip that I have in my, you know,
in my Lenovo laptop that says it's quantum powered?
Like, is that just marketing?
Like, I don't think people understand the difference of what computers we're using now
versus what quantum even is.
Can you kind of speak to that?
You know, I guess just kind of like a quick synopsis of what that is.
Yeah, sure. Definitely.
So it's more of like when you're comparing an ant with an elephant, right?
It has been like a drastic transformation on the infrastructure space.
Let's say we talk about in the year of like in the year of 2000, where we've been witnessing a
transition change in the CPU side. We talk about Intel, like the P1, P2, then we started upgrading towards a code to do or a dual code.
Now we talk about I5, I7, I9 in that regard, right?
So it's more on the CPU processing,
how your memory has been optimized,
what sort of storage mechanism you are managing.
And we are still on the each computing segment
where we are not immediately has looked upon the quantum side.
Now, what if we talk about a quantum side, it's more about a multidimensional ecosystem where
your probabilistic equation of deriving exact solution becomes multiple, right? So let's see if I have a generic system
and where I'm just passing a request
to just make an addition of two plus two, right?
So as per the compilation
and as per the business logic,
the system actually does a binary calculation
and it just gives you either a true
or a false sort of a nature. It's more of like a Boolean in nature and it will give you a a true or a false sort of nature. It's more of like a
Boolean in nature and it will give you a four as a solution, right? But when we talk about a quantum
as a sphere, it derives multiple probability. It goes beyond the systematic approach that whether
it can be a numerical analysis where we are just talking about the mathematical derivation,
or we are talking about more of into astronomical valuation.
So there can be multiple probability, and that is where the quantum space is all about.
Now, in the term of infrastructure, how the transformation is happening.
So the legacy of the processes are more of like a two dimensional, right? So it's more of like where you have a layer by layer chips been
combined. And it works on the energy of the resources more
under the obviously on the other electricity that it's given as
a power source, right? But when we talk about a quantum chip, it
is a three dimensional sphere, when we talk about a quantum chip it is a three-dimensional
sphere where each layer has a vacuum space which is managed through a photo of a photolithography
a process which ensures that the you can have that wide space as a probability zone
white space as a probability zone, which ensures that it constantly keep on understanding what
nature of your equations or what nature of resolutions or what nature of mathematical
derivation it can have. So it has a wide spectrum. So it's it's a nutshell I can talk about. It's
it's a huge topic itself, it might take a day or more than that. But internationally, yes, if you see
how we differ, it is where you talk about a single value. Now you're talking about a multiple value.
You have a probability nature on giving up solution, which has a different spectrum,
a different diversion. So this is how the quantum is deriving.
Okay.
So like a lot of people,
we're seeing chains launching.
Like every week,
there's a new announcement of this chain and that chain.
We're seeing Robinhood's now launching a chain.
You know, there's a lot of other new chains
that are out of abstract and Monad and MegaEth
and all these different people.
Why is nobody concerned about quantum threats?
Like, we're not seeing a very big push on this.
And do you think people are just oblivious to it or they just don't care yet because it's not a threat in intimate, like an
immediate threat right now? So I'll rather draft the statement more of like the restriction of
getting shifted to a new ecosystem or to a new nature of a technology,
are there a reason behind it?
So let's say we talk about the traditional
or legacy blockchain network like Algorand,
we talk about Ethereum, we talk about Bitcoin or Solana
or the leading networks that we are witnessing nowadays.
So the transitional shift from an existing landscape to a new
landscape is very much challenging. There are reasons behind it. So let's say you already
have a house, right, which has a different material, a different composition, a different
architecture, right? Now, you cannot migrate this house to maybe a penthouse until unless you make a drastic shift.
And that requires a huge cost.
It involves huge opportunity evaluation.
It do cost a lot of changeover in terms of how the things will be placed upon right there are so
many pros and cons in deciding towards a migration process so generally if you have seen how the
transformation happens from let's say a space of web 2 to a web 3, major enterprises do feel reluctant.
It's not just the choice of
reaching to a new technology or adoption to a new technology,
but it is the challenge of shifting
from the existing core space to a new space.
This is what I believe the core reason behind it.
Apart from that, obviously there are certain
infrastructure restrictions, you can say, because yet the quantum
infrastructure is not fully reliant or not fully flaged, like
being distributed to enterprises.
So it has the basic restrictions for the developers or maybe the enterprises who are really feeling like to engage in that sort of activity.
It becomes very challenging. there is obviously a huge gap in moving towards the new technological landscape.
And that will slowly get changed once the transformation plans are being chalked out.
So that's the reason maybe I guess they are not able to adopt.
For new blockchains who recently got launched,
I guess if we really deep dive into the quantum space,
it's maybe like two or three years
where we all started getting the real information
on how the quantum computing is getting derived,
how the infrastructure is getting evolved,
whether we talk about Velo3
or whether we talk about IBM Venture on the quantum side
or how Google is actually playing a very strong leap whether we talk about Velo3 or whether we talk about IBM Venture on the quantum side or
how Google is actually playing a very strong leap towards quantum energy and quantum infrastructure.
So that is like being two or three years. So it's very premature in nature. And to engage in that
sort of a statement or in that sort of an evolution or transformation becomes very hard.
So you have to pre-plan accordingly. You have to just pre-vision what can be the technological
landscape, maybe in two years or three years or five years, right? And Web3 is a very fast space.
It really does not halt itself with a vision of three years or five years.
It's a very fast adopting or a fast paced industry.
A traditional industry do have that sort of acumen
on investing with a prolonged infrastructure investment
and a prolonged visionary, right?
Web3 is not like that.
For us, it has been like in 2022, we have started
envisioning that maybe there's a time which will be critical in the terms of the security space
or in how the data will get managed. And that's the reason maybe we have been the early adopter.
And maybe that's the reason we are being the first in the space to come up with a quantum secured blockchain ecosystem.
Yeah, because everybody's just kind of jumping on the bandwagon now.
We've seen Vitalik, I think it was like three weeks ago,
he tweeted by 2028, Ethereum's,
the threat of quantum computing, you know, could basically not,
he didn't say break Ethereum, but it was a,
it was a big statement from him to come out and say that because in prior posts, he was saying
years down the road, you know, and like, like 10 years down the road. And now he's saying just
within a few years. So I think DM does have that, that advantage in Web3 to be the first mover and to already be thinking about this years in the past.
And now, you know, as we end Testnet leading into mainnet launch,
it leads to some exciting stuff.
Consensus within a blockchain, like a blockchain has to have consensus.
Things have to meet.
They have to confirm transactions, prevent fraud, stay synchronized, things like that.
Like how is Diem, what is Diem's model for that?
Is there anything you can speak on that?
Sure.
So Diamante is more of derived consensus mechanism with a tertiary architecture.
So I'll just deep dive more into that. So when we
talk about a tertiary architecture, it engages with the existing consensus mechanism, which is
being widely adopted by the traditional network, right? So Diamond Day never believes in disrupting.
It does rather believe in transformation. And the reason behind it, if we talk about a disruption, you are actually creating
a lot of catastrophic nature or events for people to adopt and get adjusted to it, right? So for
Diamante, we have witnessed the major consensus mechanism, like we talk about delegated proof of
stake, majorly been utilized by Ethereum or any other EVM change in that regard.
Do Solana use that the same apart from proof of history? And when we talk about
networks like Ripple or Stellar, they are more onto the Byzantine fault tolerance of
consensus mechanism, right? So with that nature in mind, we started creating the architecture which will be feasible enough to create a more of a seamless bridge for any network to get connected to our network, being very seamless in nature.
They can manage their transactional capacity or the events on the existing network to Diamante itself.
or the events on the existing network to Diamante itself.
So the first vision for Diamante was creating a more
of like an inter-blockchain consensus protocol.
And the reason for that,
the reason of selecting the tri-nature consensus
comes with that same notion.
So we have delegated proof of stake
as one of the consensus layer.
We have
a synchronized Byzantine fault tolerance as the finality layer or more of like the core
understanding layer. And we have proof of history, which act as an indexation layer.
Okay. Apart from that, the ABFT manage a DAG-based finality schema, which ensures that when you are passing a transaction, it gets
instantly passed through the network and it do have its quorums been designed so that
the finality happens or that the transactional processing gets passed enough to get it settled or it gets a reach to the exact consensus or acceptance.
So this is the tri-nature of the consensus mechanism for diamond day.
Okay.
Now, what about scalability and congestion, though?
Like, I know transactions, you know, everybody advertises,
oh, our chain does 100,000 transactions per second.
I can't remember what the latest one, MegaEth, was,
but it was some big, wild number like that.
Like, are these real numbers that people are putting out there?
Are these real numbers that people are putting out there?
So, Chase, it's very more of like, I should say, a contrary statement if I just say that not the numbers that we do get from the networks are actually the real numbers, right?
Because when we talk about a theoretical projection yes the nature of the network can
reach to that sort of a level but the real on-chain transactions do differ a lot okay and there are
reasons behind it first we have to understand whether there are actually so much of a need of
transactional throughput second is there there infrastructure available or is there
enough resource available or is there enough substantial budget available to scale up the
network to manage, let's say, 100,000 TPS or a 120,000 TPS or even 60,000 TPS, right? So let's
say if I just give you an example, that the leading distributed network
has been managed by Visa
that handles close to 65,000 transactions
concurrently globally,
having the biggest network of distribution, right?
It's the biggest enterprise distribution network
they manage.
But if we just look onto the infrastructure cost,
it's humongous, right?
So we need to also evaluate that.
Is it the nature of the cost that really matters?
Or is it the use case that matters or whether the statistical number matters?
So in general,
whether we talk about Ethereum giving a 65, 65 TPS or Solana
with a projection of 65,000 TPS, but actually having an on-chain TPS of close to 3,000, or we talk about SWE, which does claim a 270,000 TPS.
Do we really need that?
Because end of the day, the network is meant to support your use case, your viability of your business
model, right? It should engage your continuation of business. So in that regard, Diamante does not
prefer in talking about the transactional throughput, but it talks rather belief in a sustainable ecosystem, which ensures any enterprise or a developer
or aspirants who really look forward to create a value chain in the ecosystem can create
a different sort of app products, launch it, and create a value.
At a fraction of the cost, right?
Exactly.
Exactly. Yeah. of value so at a fraction of the cost right exactly exactly yeah and obviously it's not uh like we are not saying that we are like under uh undervalued uh tps we do have uh almost like a
10 000 pps being on uh on the test net and we have a a theoretical projection of 100,000 TPS. But then in general, we talk about the scalability is a nature that we do understand on the importance of the use case and the importance of the opportunity.
So we don't believe in just scaling up our infrastructure, putting more of CPUs and GPUs or RAM and getting exhausted by the
financial commitment towards that. Yeah. Yeah. No, and it makes sense. It's providing a network
that can handle the workload without overspending and boosting that layer, you know, but still being able to provide like just the fees are, you know,
I'm looking at the fees just from the DM post on the fifth and the fee costs based from Ethereum
to Solana and then Diamante is, I mean, it's pretty big difference difference it's a really big difference um and if brands see that
then you know that would be more attractive and as the brand as dm scales larger than you guys
can build that scale internally even you know even quicker uh beyond that point exactly exactly yeah um what what is what is one of the things that right now that
like people are just kind of fading on on on diem like what is one technical advantage besides
being early into you know quantum resilient blockchain what is something else that people are just underestimating or
don't even see here okay so i guess there are two uh side of this question being uh more of like a
a fragment that needs to be answered so i just uh first talk about the first fragment that
uh what is the the pros of that should uh align to the the nature of the network, the diamond date.
And the second would be what being neglected by majorly the enterprises
or the developers or more out of the investors
or the entire ecosystem altogether, right?
So on to the first side, let's say when we actually talk about the nature.
Hello?
Yeah, I got you. Yes. So when we talk about the network as a nature, the first advantage that we really believe in bringing towards the ecosystem is to cater to
the youngest mindshare who really has the tendency, who has the niche of creating a value through a product,
right? And we have seen, like when we started the system by 2018, we have been more engaged
with the enterprises. And we have seen that major constraints was how the technology should be
adopted. What are the tech stack that needs to be looked upon?
And you cannot just keep on shuffling because for any new technology to be
adopted, it needs a prolonged time to get aware,
to get adjusted and get expertise.
So Diamante has a cross VM nature. That means for a developer who has been very proficient
in creating use cases using Solidity,
let's say on the EVM chain,
they pretty much can build
with the same expertise on Diamond Day.
They can just simply compile,
build a product using Solidity
and they can just bring the entire stack on Diamond Day, get it executable
and that's it. You don't need to make a drastic shift, right? Similarly, for an enterprise
background, people or the developers who are being very reliant towards a chain code, which is the
leading blockchain network hyperledger fabric use, for them getting adopted to a hybrid nature of Diamante
can be sometimes very critical.
So Diamante do allow that for a developer
who has been very well-versed with a chain code.
They can just develop the entire kick stack
or the business logic on using chain code
and they can get it compiled and executed on DiamondTake.
So what in general we are doing,
we are not restricting the developers or the enterprise
to just migrate the entire tech stack or their knowledge
or their understanding of the blockchain
and to adopt a new thing.
Rather, they can just simply shift their existing network with
the same understanding of their technology or the tech stack, and they can build on diamond.
So your migration becomes seamless, your existing knowledge stays as it is, and the development
cost or your effort to create a value proposition gets negligible.
So that is the first advantage or a value proposition that distinguish us from any other blockchain network available.
Second is your availability, right?
So let's see if a person really as enterprise
really believes in creating a central bank digital currency use case.
Okay.
So they prefer to go with a private permission network.
Like, let's say we talk about Coda or we talk about Hyperledger Fabric in that regard.
But if they really want to cater to the decentralized ecosystem by maybe creating a tokenization
value or an RWA, they get restricted to that.
So you have, you're not able to play the both side of the coin.
You are not able to cater to the widest piece of the Web3.
But by Diamond we talk about, we are giving the provision,
we're giving a single landscape or a single hood
for either enterprise or a decentralized landscape
to be working together in the same channel they can
build upon on the same landscape without the need of shifting so you have just a single place a
unified space to develop execute and ship your product so this is the second advantage which
pretty much is not available at the space, at the current landscape that we talk about.
Now, getting into the second question, like what's the nature of the negligence or like why it is not being yet been envisioned?
Like what can be the threat of the existing ecosystem. So I guess it's how the nature of work is
or how the nature of understanding
or learning a new system.
It's a human instinct, right?
So I should say that we really don't engage ourself
much into the awareness process
or getting adjusted to the new information that is available in different
handlers, whether we talk about X or we talk about like maybe on LinkedIn or maybe on-
Even Reddit, something like that.
Yeah.
Right.
So this actually restricts your awareness on what can be the potential threats or what are the
availabilities right to actually negate those threats and that's the reason there
has not been a very translational shift or towards adoption on the new tech
technology or the new tech stack but this will slowly fade away when we really
start looking into how enterprises are starting pulling all those
pieces missing pieces and creating a value chain and then maybe developers or other followers or
maybe investors in that regard will start adopting to it yeah i uh i kind of compared it with uh cj with CJ as like, you know, when, when Bitcoin first started being talked about,
people just kind of laughed it off.
They said,
it's funny money.
It's internet money.
It's not worth anything.
And then now you look at where we are now and you have global leaders and
everyone in the world talks about Bitcoin.
And it seems like we're kind of,
we're not at that early of a stage with,
with quantum computing and quantum threats and what it's going to do in the future but it that's like one of my biggest
comparisons is where we're at right now like there's enough conversation about it to
pique people's interest but then there's not enough lingering conversation uh to keep the
you know what i mean to keep the conversation going
and uh so i think people just kind of forget about it until some google news story comes out
about something that uh some guys did in china or somewhere else that that advanced quantum
computing and it could actually happen like really quickly. Um, you know, there could
be advancements in three months that people in the field may not have thought we're going to happen
within another year or two. Um, you know, so I, I, I think it's important just continually educating
people about those threats and about what, you know,
DM is doing to,
you know,
protect people on,
on February 4th.
And this goes back to what you were just kind of talking about.
The DM account,
they posted aetherium dApps enterprise software,
native apps.
Traditionally,
each lives on its own chain.
Diamante lets them coexist,
interoperate and settle on one network
no rebuilding required so builders are is there going to be like a full sdk for builders just to
be able to come in and jump right into uh diem exactly exactly so that's what i was seeing about
so when uh for a developer they have the existing awareness or the knowledge
of the earlier tech stack for let's say EVM, we talk about solidity, right? So I guess if we
overly consider the developers awareness, right, or participation on the network side,
almost 70% of people are very well-versed with EVM chain. There has been a reason behind it.
EVM is the first layer network that actually brought the power of smart contract and the ease of build.
So this is a big mass of developers who are very well-versed with solidity.
And we, as stated, that we really don't want to disrupt their knowledge or their understanding,
but we really want to emphasize those developers to just shift from the existing network and
do the same of the product valuation and build onto Diamond Day.
So there are existing SDK that which they can use from EVM and can get eventually been
adjusted and adopted to our network, right?
So they really don't need to shift the entire tech stack
or they don't need to rebuild any application
or create a value proposition from a scratch.
They can just simply migrate to diamond tape.
Having stated that we do support EVM
as a core of a part of a network,
we have a transparency layer managed through EVM mode 3.
So existing support of Ethereum is already available on Diamante.
So there's no much of a shift that is required by either enterprises
or the developers in that regard.
Is that L2s as well?
Or is it just limited to L2?
Can any L2s as well? Or is it just limited to L, like, you know,
can any L2 chain as well, that's an EVM L2,
can they build straight on Diamante?
Definitely, because end of the day,
when you are working on the existing virtual machine of Picadium, so you're pretty much compliant, right?
So if an L2, let's say we talk about a polygon or we talk about a BNB chain, right? So if at L2, let's say we talk about a Polygon
or we talk about a BNB chain, right?
Or we talk about any other chain like Cosmos, right?
So when they are building on the existing layer 2,
they are pretty much compliant with the existing EVM.
And the same thing they can do with the Diamond 2.
They can just simply bring their stack on diamond
inside wow that's pretty big stuff um yeah that's that's that's insane what what what chains do you
anticipate builders coming from everywhere b&b solana i mean where where do you where do you see
it going in the conversations that you're having in the background so jesus like uh we
really believe on having more of like a agnostic nature but it's also very wise to understand that
not every layer can be uh like adopted or cannot be integrated because end of the day uh you need
to also understand the viability of your infrastructure and the value proposition of connected to it, right? So with that, as a statement of when we have done our initial research, and we have evaluated that we really want to bring the first bigger mass, which is available, and that is from the EVM side.
from the EVM side.
We do have a roadmap
that do also support Solana,
but that is not something
which we are going to get into
in next six months,
which will take a time.
And apart from that,
the support of EVM,
we have the support of Chaincode,
that is for the enterprise engagement
and use cases supporting to that.
Yeah.
But eventually,
Diem wants to be the bridge
that brings everyone
into quantum protection years down the road.
Like, you want the whole entire space, you know, essentially to be protected, you know, and why not on Diem?
One of the other things that I wanted to talk about, like long-term growth for Diem,
and you mentioned six months down the road, like we wouldn't even see nothing with Sol,
but like if you were to look at Diem by the end of the year, like in a perfect world,
where would you see Diem at?
Matt? That's a pretty tough question because seeing the nature of the market and obviously
analyzing the overall shift that is happening on the enterprise side, giving a very perspective
view of what we are going to envision in the one year can be a very tough call. But yes, as a lead or on the innovation side, we really want to cater to
the critical side of the problem statement that all the blockchain networks have,
starting from the adoption or the quick bridge of bringing the enterprise or the developers
under the same hood. So obviously we really look forward
on creating a seamless IBC
or what we call an inter-blockchain channel.
This is one.
Second of all, we really want to create a single landscape
to support any business use case that you have in your mind,
whether that can be enterprise-grade CBDC initiative,
or you talk about a supply chain
or a trade finance
use cases, or onto the decentralized landscape, whether you talk about an RWA, REITs, NFT,
or anything that you have in your mind. So we really want to have a bigger mindshare or a
biggest caterer of the Web3 space one year down the line.
This is our first vision.
Slowly, we will be starting pushing ourselves
in more of like creating an institutional approach
where apart from just having a technological landscape,
we also do have a security audit.
We have an institution for learning and adopting
to how the data sharing must work upon,
how a decentralized approach should work upon.
So that is also there in our roadmap.
So we really want to actually have a very wider angle
of nurturing and creating a wider ecosystem.
It's not just about a business evaluation,
but it's more about a detailed world
of how you really look towards managing your informations,
managing your assets, and managing your communication layer
under a single channel?
The Testnet campaign is over.
We had over 2 million users,
700,000 verified participants in that campaign,
57 million transactions what what did you were one were you expecting that
that many uh participants and transactions and like what are some of the biggest things you
learned um when the network was being tested and thing and you know were there ever any points
where it was like like really stressed or how how do you feel overall the test
net campaign went okay so uh yes i should say it's a very overwhelming uh uh results that we have
received uh i'm being more under the pessimistic side i i was not expecting that sort of uh like
engagement and that sort of a very uh uh adopted a well-adopted adoption by the developers or
by the community or by the ecosystem itself.
But yes, it was a great participation.
It was a great learning for us.
And from seeing this as an overall assessment of the participation uh we have seen a two critical part
that we uh started working upon one is how the concurrency should be designed how like let's say
when you're having a huge amount of transaction getting processed and you are having a multiple
user being uh like connected to your network and they are trying to actually create a value.
Right. So you need to understand how your infrastructure should be scalable enough to support that sort of like an engagement or that sort of participation.
So this is the first thing that we have taken as a pointer from that for the testnet campaign.
that we have taken as a pointer from that uh uh for the testnet campaign a second is
are the type of transactions that need to be bought upon on the network it is just not
a payments transaction there can be multiple type of transactional uh events that needs to be
captured and yes we have worked upon and right now uh we are supporting close to our 24 transactional type that covers
major all your financial instruments whether you talk about payments you talk about trade you talk
about uh putting forward a buy order or a sell order so it looks into different verticals of
enterprises or in different verticals of decentralized use cases right so that is
the initial learning that we came across
on the TasteNet campaign, and that's what we have worked upon.
Nice. Yeah. When I seen the numbers, I was pretty surprised. That was a lot.
It was a lot of people, a lot of badges. I think I only got, I think maybe the first badge. I can't
even remember. But seeing a lot of the
activity was was really really good um what as leading into mainnet launch uh that's going to
be coming up like obviously you guys with the testnet results and seeing some of the things
that you're seeing in the background you how confident are you leading up to mainnet launch?
Also, we are pretty confident now
on establishing our mainnet launch by this end of web.
So that is we are up on the plan
and this is what we are expecting to get
a very seamless deployment of our mainnet.
For a functionality perspective, the core network will be coming up shortly, which has all the core functionalities, whether we talk about the
transactional capacity, talking about the quantum side of security in terms of the throughput
management, in terms of accounts and wallet management.
So what we do see as the core functionality of the network that will be obviously available
on the first launch itself, post of which there are multiple roadmaps and multiple timelines
that we have defined internally to release our other features, talking about the smart contract chains, then
followed by the transparency layer.
Then we talk about the hierarchical consensus mechanism just to ensure better, higher availability
and global participation.
And yet there are other n number of things that are there on the roadmap itself. So down downline a year itself,
Diamond team will be fully equipped
to cater to multiple domain
of the industries.
It will have the full capability
as a single standalone channel
for anyone to build and ship their product.
Wow. What people don't see today, like say within a week of mainnet launch,
what will people notice that they haven't seen during the entire test net phase?
So I can get the questions properly.
Well, basically, like you said, you just said a moment ago that, you know, it's not,
there's going to be multiple facing assets of Diem. You have consumer, the consumer side,
you have the payment side. Is there anything that we
haven't heard yet that will go live with Diem on mainnet? Right. So the testnet was having very
limited functionality during the initial campaign launch. The testnet was more onto how the
transactional management or the scalability infrastructure or how the
encryption of the security layer works.
Right.
So that was the core envision that we came across.
And that's how the initial case that campaign was launched.
When we talk about a minute or launch, it's a full fledged network, right?
So where any enterprise who really look forward of creating a value product with having the security as a core prospect,
they can actually get started building upon.
The testnet also now has upgraded with all the full mainnet features now.
So yes, there will be a number of revision and review for onboarding of enterprises or projects on the mainnet.
But obviously right now for anyone to just thinking of building a project on the most
secure platform and with a scalable platform, so that is pretty much ready.
So that is what the major transformation that will be reflecting now by
the end of this month. And post to which, as I just stated, that additional features which will
allow to engage furthermore developers and enterprise to easily migrate or transform their existing use cases to Diamond Day.
So the ease of a shift or ease of development will be more matured in the further releases.
What kind of builders is Diem trying to attract?
What kind of apps are we, you know, is Diem?
What is the main, you know,
what are some of the main targets that you guys have right now? Or is DM just welcoming everyone?
As I just said, Chase, we are very agnostic as a network or as a company. We really don't believe
in targeting a particular use case. Maybe like, let's say if we talk about Ripple or Stellar,
who are very much focused on the payments infrastructure,
or we talk about Algorand,
they are very much well positioned on the REITs
or the infrastructure use cases, right?
So we really don't believe in like putting ourselves
into a single bracket of a use case or a business channel,
we welcome everyone because that's the nature of Diamond T.
Any developer who really has a very well understanding of solid ATE or chain code
or the basic VASM layer, right?
They can easily create, deploy, and execute their applications on using diamond as a
the core network so uh saying that uh you can understand that the overall reach uh for diamond
is exponential comparing to any other network available so if you really want to build something
on solana you need to understand how the solana smart contract works. Or if you really want to work on Stellar, you need to understand how Solana smart contract
works.
So there are technological shifts that any developer or enterprise needs to adhere to,
right?
But for diamond, it's not like that.
Your existing knowledge, your existing skill are really accepted and really acknowledged to get migrated to the network.
Do you go to a lot of the conferences?
Like, I know East Denver is coming up.
We just had consensus.
Do you go to a lot of those different conferences and it if so like what what is the what is the overall
consensus around like your peers that are building uh in the space and when you talk to them about
diem and what you know what what their thoughts are on quantum threats um so she's just like yes
i do travel a lot being uh like uh I've been there in different conferences and events,
but for the last six, seven months, it's been a very core focus on the network engagement
and its technological transformation.
So I have just restricted myself and being there on Hong Kong for this event recently
that's happened.
Or there's a It Denver that is happening and one of my co-founders has already been there.
But obviously when having a discussion,
internal discussion with my co-founders, my partners,
we really do get a very wide acceptance
in how we are shaping on the quantum side of the,
on the network or how we are shaping as a ecosystem
towards building a valuable proposition, right?
There has been a positive like remarks
from our PRs and our competitors.
Also apart from that, we are also seeing
there are a lot of enterprises
which are like looking very straightforward on the quantum side
there are some networks who are started building also on the quantum side uh you might be uh
looking on the curial or curiam these are the some networks who have started uh working very strongly
on the on the value proposition of the quantum security. And this gives us immense pleasure that it's just not that we as a company are looking forward to the critical threat.
It is the wide adoption.
It is the wide awareness of the ecosystem that has been slowly happening.
And you cannot ride a boat all alone, right? You need to have passengers to actually believe on the fundamental strength
of your boat and how fast it can take you to the shore itself. And when we see that people are
really looking forward towards the quantum nature of the security and creating some great use cases or great network that just do gives us an immense pleasure.
Yeah. The one thing I wanted to talk to you about real quick, I know we're getting towards the end
of things here. And that is like, everybody is now just, you know, going crazy over Claudebot and AI and building all their own things.
Where do you see AI and quantum computing like colliding?
And will AI help advance things?
Will Diem use AI in any way to help strengthen the network?
I should say they are like a partner in nature.
AI and quantum has to be hands-on-hands
because AI adoption has been fundamentally being
one of the biggest innovation.
And it's evident that when we really talk about how artificial intelligence has
grown from a basic generative intelligence to support a superficial intelligence, right?
The transformation has been enormous. And with the support of AI, your overall engagement in product building, in creating a very secure standards, or creating a faster shift of product has been inevitable.
So, yes, we really believe that AI will have a very strong placeholder with quantum security.
See, we have to understand the nature of this technology.
See, we have to understand the nature of this technology.
AI, where we talk about, it's more about how it can ease your daily work or your engagement
in that regard, right?
But whenever we talk about quantum, in terms of infrastructure, it is about your scalability.
It is about how faster you can do this processing, right? So if your infrastructure is scalable enough and can give you that boost,
AI will have a better capability to respond and to articulate your request into a profitable response, right?
So it goes hand in hand. When we talk about the security in nature, yes, obviously, AI has a tendency to sometimes oversee those threats, which is not being updated or not being told in that regard.
So it goes hand in hand.
But when AI gets informative about the security threats in nature of the infrastructure, it becomes more reliant and it becomes more strong enough to give you that solution.
So DIME, as a network, it does have this major component of AI.
DIME already has a layer of that.
We call it AI optimizer layer,
which constantly calibrates the overall infrastructure resource utility,
and it keeps on optimizing itself,
just to ensure that if there is no need of a higher resource,
it should optimize itself in a lower latency
or in a lower requirement of infrastructure.
So it actually helps you to optimize your cost
of managing those infrastructure, which is obviously
being a very important aspect of managing that sort of humongous network in that regard.
So yes, AI optimizes a very critical backbone of Diamond Day. And in coming years, we will be
witnessing that major work are being managed through ai in hands on hands with using uh quantum
as an infrastructure and quantum security as a part of its security protocol yeah because i mean
i i think it won't take long before people are building agents on dm um and just doing all kinds
of stuff that they're doing are already doing now now within Solana and on ETH as well.
I have friends that are making trading bots and just all kinds of stuff, man.
I'll do agents.
And it's really wild to see.
And I'm excited to see, you know, what people do once DM goes live.
It's going to be pretty good um all right uh dave did you have
any questions dave you've just been sitting up here silently just chilling um didn't know if
you had any questions for arjit or not well i think arjit's pretty solid on today's space. We went over almost all the cool stuff you're doing right now.
But not any questions, but if I have something to add,
I mean, there's a whole lot of alpha that's been dropped in the space.
But one more thing that a whole lot of DM folks would love to know
is we're cooking something pretty cool, and it comes exactly a week from now.
Kind of a trailer, kind of a teaser. You guys would love to see.
That's all.
That's it. You're going to just mic drop like that.
Last week you were pounding on your desk. You were excited.
And now you just leave us hanging with that.
I'm excited.
Damn, I'm excited to see this now.
Arjun, is there anything that we did not cover that you wanted to touch base on?
I think we got it.
We have covered a huge space itself.
And there are a lot more to come up.
And I do expect there will be a lot more spaces to discuss
and keep our aspirants being active in knowing what we are cooking up.
Yeah, 100%.
I know once CJ is done with his travels,
we're going to get him back on and do kind of a recap of what he's been up to
the last few weeks.
And I think beyond that point,
we might be live on main net or live on spaces on that day.
So a lot of big things coming in the weeks and months ahead and in a massive
year for, you know, 2026 is going to be really big, you know, for DM.
So I'm looking forward to the ride.
I'm going to be right here locked in as well.
But yeah, we appreciate you taking your time today.
I know it's late over there for you.
And but yeah, it's been a really big, big space today.
And we appreciate your time.
Really, it has been a really big space today, and we appreciate your time. Really, it has been a pleasure.
And obviously, when we connect on a similar mindset, we talk about the tech, we talk about the engagement.
It really gives a very optimistic mind.
It helps you to actually think more beyond your comfort zone and create a value.
Right.
So I really appreciate it for setting up the space today and really looking forward to the upcoming spaces itself.
Yes, sir.
Me as well.
Dave, I appreciate you coming up and hanging out as well, sir.
And we will reconnect.
Guys, anybody in the audience, I do want to reiterate that the Creator Light program for Diem is still live.
You can join the Diem Discord and start posting
and try and work your way up to the main creator program
and start earning with Diem.
We want every creator we can get our hands on.
So hop in the discord uh you know tag me tag any of the team members in there and we'd be happy to um to help you get
going as far as the creator light program is and other than that make sure you have notifications
on a lot of big announcements going to be dropping soon uh dave i think that uh
think that wraps it up sir i guess so that's a wrap uh shout out for everyone for hopping on
this space uh we'll be doing a whole lot more of these so see you guys next week all right sounds
good perfect thank you take care everyone All right. Sounds good. Perfect. Thank you. Take care, everyone.
