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Mainnet Live Soon | DIAMANTE
Recorded: March 9, 2026 Duration: 0:56:30Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. All right, all right.
GMGM. Dave, can you hear me? I know you're having some issues there with the audio um i know your music wasn't going arjit can you hear me
yes jesus you're allowed all right nice good to go dave uh he might have just, I don't know, he may have fell off out of his chair.
Well, well, well.
Yo, what's up? No music this morning, but we got audio, so that's good.
Well, Twitter just doesn't want us live sometimes.
But, you know, we're going to go regardless. New music today.
But we got all the lovely folks from the community hopping in.
So that's always good to go. Yeah exactly a lot of exciting stuff happening happening in the
space uh happening with dm x doesn't like us uh i run into these issues every day when i host my
daily spaces it's it's nothing new i was like well maybe I'll just throw some music up real quick. And then I went to go to my music tab and absolutely nothing.
So it was like, whatever.
But either way, guys, drop any questions, comments that you might have down in the bottom right where that little purple icon is.
Repost the space.
Share it with all your friends.
We do have Arjit, the CTO of DM with us.
And we're going to be covering a lot of different things that has been happening since our last space.
Sharag could not join us.
He's, you know, covered up ahead of launch.
But we'll get him back in on the next on the next space hopefully next week so
we'll see where we're at but yeah make sure you repost the room share it and uh drop any comments
and questions uh dave you doing okay since we last spoke yeah yeah so there's a whole lot of
new stuff that's up in the you know we're going to talk about it on the space uh i'm super excited to get this working you know maynet is coming soon uh
new things cooking so let's get started yeah ready to get it arjit how are you sir you doing okay
today um yes breathing well and going good yeah you're so yeah are you being affected by anything going
on with the uh the the stuff happening in the middle east the war and all that stuff
like how are you guys faring over there um i should say um not much on the war side but yes
there's a the surge in the oil price definitely will be impacting
globally and uh obviously we will be impacted directly or indirectly so uh yes that that might
be something that to look around apart from that there's nothing much uh like yeah we are not
that sort of an issue well good well good well Well, good. Well, hopefully you guys all stay safe.
I know I have a lot of friends that were in Dubai and the surrounding areas, other projects,
friends that are founders of other projects.
They've had to kind of put things on hold because, you know, this whole thing is just
this whole thing's just consuming the timeline and it's,
consuming the timeline.
it's really kind, you know, just from a, a launch standpoint,
it's thrown a wrench in a lot of people's plans.
But then also as you spoke with oil prices and global economic changes and
shifts happening so fast that it's, you know,
it's really causing a disruption in in all markets um you know
stock markets and and in crypto exactly yeah so if you remember on the last uh speech i i said
one thing like disruption is something which is not, should not be entertained in that regards because it brings a lot of chaos.
It cannot create a sustainable and stable system until unless you have an alternative to place it forward, right?
So I guess the karma is like playing back and we don't know how it will shape in coming six, seven months or maybe down the line one year.
So we have to be like, you to have a a strong check on that yeah um how is the team how's the team feeling
leading up to launch uh i i know mainnet is coming really soon um but how's the team feeling after
years of hard work like you know what what's the general consensus the amongst the team feeling after years of hard work? What's the general consensus amongst the team in the background?
They are pretty, I should say, kicked up with the thought of getting the Mainnet launch by this week itself.
And obviously, there has been a lot of efforts, hard work, research on the various components.
And when you actually get to see something which you have like placed a lot of efforts and actually is getting shaped into something which is tangible, right?
Which can actually, you can have a real-time effect of feel of it.
So it obviously gives you a sense of trust a sense of confidence and obviously i i
should say like my team is super positive they are like they're looking forward to it
the a lot of questions i've been getting uh since i've been working with diem is that okay quantum that, okay, quantum computers, you hear it on the, you see it on the timeline every so often.
And then you start,
now you're starting to see more and more of it.
But like, people are like,
well, only global powers will have actual quantum computers.
There's no, you know,
there's no immediate threat to my Bitcoin or my ETH
or any of these things.
Can you kind of give a rundown of like, you know, what you, how do you see this scaling in?
Like the quantum threats, why is Diem even concerned this early in the game then
about building a quantum resilient blockchain?
Great.
I guess this is one of the best questions um down the
line and uh any threat right which is what we call an eminent threat is not something which actually
comes and knock down your door and say hey i'm just uh looking forward to make some sort of a
disruption things uh happens gradually and it happens uh somewhere on the back side right and
we only get the the vibe once it's have a like a catastrophic uh impact uh and this is what as we
can just see like the global economic is getting uh badly impacted by uh the war now so similarly
if i just correlate with what quantum threats will be, it's something which is very close now. It's nothing like it is something being only managed by institutions. There will be a very short duration where it will be eventually relating that these are on the mainstream itself.
to have a quantum infrastructure being handy over and they will be utilizing more efficiently and
eventually the threat metrics will actually surge up so it's not that we are talking about a year
or a five year it's not something which you can predict the right away we don't know how overall
changes are been happening because criticality is something which is not predictable.
And institutions are putting a lot of funds in managing that sort of an infrastructure at a rapid space.
So maybe very shortly, we will be able to see that.
Rather than what we talk about, the H computing, we will be talking about the Covanta computing.
we will be talking about the Covanta company.
Yeah, because I think it was a few weeks ago,
we seen Vitalik.
Now, he announced several months ago
that he was going to be selling Ethereum.
And he's been selling a lot, like thousands.
I think the last sale was like 16,000 or 18,000 Ethereum he sold.
And he's invested in a lot of this into privacy.
And a lot
of people, we don't know where he's
investing it. I don't think he's announced
what brands or
who he's been doing it with, but he's investing
in privacy coins. Then
he actually has been
picking up the talk about
the quantum
resistance side.
You've seen Coinbase.
They formed their own advisory board.
Vitalik and the Ethereum Foundation did the same thing.
A few weeks ago, he announced that now the quantum resistance roadmap today
for things in Ethereum are quantum vulnerable.
Consensus layer BL bls signatures data availability
eoa signatures and application layer zk proofs so how long even though he said we can tackle
these step by step when i spoke to chirag about this chirag was, this is not going to be an easy task for them to do, because it's
going to take a lot of time. Speaking to you now about this, because you're the CTO, so you're
hands in building. How quick is this actually with Vitalik's talking about, like integrating all this into the ETH?
I guess that would be something which cannot happen right away.
Even Vitek has clearly mentioned that there are drastic changes that needs to happen from the protocol side to the consensus side.
So if you talk about the, you just talked about the UA side. So that means the external originator accounts,
which majorly are integral part of the Ethereum virtual machine.
And the convention of their address,
which is more of like on the kick side.
So that is something which eventually needs to be changed over
or it has to be wrapped into a quantum level signature.
And this is something not a very easy task to manage
because there are a huge amount of migrations
that is related to that sort of a transformation.
And eventually, if you just consider a shift
from the existing Deep32 protocol
to getting into a quantum side protocol,
maybe you talk about whether it's a dilithium side
or a Kiba side,
you need to make a a drastic shift from the existing uh algorithm like uh we talk about
elliptical curve right which majorly is a part of your ecdsa uh encryption protocol so
when you have a mass adoption of a network and uh millions of users are already holding their tokens, right, with the same protocol in regards to that.
It cannot be an easy transformation.
It will take a substantial time.
Maybe what I can make an assumption,
it's something which we are talking about a two to three years minimum.
I do understand Ethereum has a very strong foundation
and a huge developers community, but everything cannot happen just right away. your existing uh ecosystem how that can merge with your tech side and then slowly you can just uh
evolve from your existing uh tech stack to your a new proposed uh model right so that is something
which eventually will take a lot of time yeah um so some of the stuff because a lot of the big
breakdown and i went into uh the ethereum foundation's release of these things, and I had ChatGPT kind of summarize it.
It says when you're kind of getting into some of the technical side of this,
it mentions a lot of one thing, and I want you to kind of explain this,
because a lot of people are, there's still, like, nobody knows what quantum computing really is.
still like nobody knows what quantum computing really is uh and it's and i use the same comparison
as the early days of bitcoin everybody thought bitcoin would not do anything it would just just
a fad it would go away uh and now here we are today and i think a lot of it's the same thing
with what we're seeing with ai and now quantum uh computing but it says Ethereum uses a system called
KCG commitments, which are very large data blobs. And the possible fix for this is Stark proofs.
Then it breaks down some other stuff even further where it says right now they're using,
you know, ZK proofs. And it's the same thing that they would have to go into Stark proofs.
Like is, is DM built on Stark proofs, like using this same thing?
Or is it something you guys created?
Okay.
So let me just give you a holistic view of how the architecture of Diamond Day works upon.
the architecture of Diamond Day works upon.
So Diamond Day has been built on
tri-consensus mechanism,
which ensures a dedicated proof of stake,
a synchronized bison and fault tolerance, ABFT,
and proof of history as a three core layer
of the consensus mechanism, right?
And when we talk about getting
any sort of a governance model
to just ensure the validation
happens or the transactions get validated, obviously the data blob becomes, the metadata
itself becomes very big in size.
And apart from that, you have another layer of encryption, which ensures that your data
blob or your metadata gets wrapped into the conventional encryption methodology, right?
So let's say when we talk about ECDS encryption, normally it takes four microseconds or four
MS just to get one encryption, a full rotational encryption gets completed, right? And that's
substantial, right? And that's one of the reasons if you just see, Ethereum has almost like
a 65 TPS on chain. And the reason behind it is a huge turnaround time on the encryption,
on the mechanism of your consensus arrival, or the finality of what we talk about,
and how the governance model plays into the overall situation. We don't work accordingly.
governance model plays into the overall situation. We don't work accordingly. We ensure that the
final radius is the last layer, that once your overall transaction validations or your block
validation happens, only then the final gets initiated. So it actually reduces your turnaround
time. Now, second, when we talk about the encryption methodology, it's far ahead,
complex, and it takes more than the space what a normal ECDS does. It's more of like,
you talk about, so let's say if you talk about a normal ECDS encryption, which is a 256-bit
encryption, which is more onto the short mechanism, we talk about an RSC mechanism.
So it might take,
let's say, just for an example,
I'll say it might take one KB
of a size. But when we do
that on a Dilithium or a
Kiber, it's on,
it goes on AES256
standard, which has
a 4096 KB
size of the encryption, right?
So you eventually can understand it's the multiple folds
of the data.
Yeah, it's almost double.
So it's more like-
Yeah, yeah, yeah.
Yeah, so now-
Go ahead, go ahead.
Yeah, please go ahead.
Yes, so considering that sort of a data size
when for each transaction you have, we need to ensure that the transaction gets encrypted, then it passes the block and the block validators ensures that the transactions are coming from the same source.
So the entire finality should be lesser than that, right?
right, should be lesser than, let's say, a 1MS. So this is the reason you need to ensure that
Should be lesser than, let's say, a 1MS.
your consensus has its own mechanism, which is standalone from the encryption model. So your
encryption does not impact your consensus. Your transaction works on a different layer. So it
eventually does not impact on your block validation or your block, like the convergence.
Right.
So there are multiple factors for which even having that sort of a complex architecture,
we do ensure that at a burst of, let's say, 10,000 transactions per second,
you are having a burst onto your network.
It gets absorbed and it gets managed, which is quite impossible at this point
of a time, but either we talk about
for Solana or Ethereum or even
for Bitcoin.
So my question
then there is
Jesus,
just to add to this,
just to add what Arjit is saying,
do you know AES-256?
When was it invented?
I mean, these algorithms,
the current security algorithms we're using
in almost everything right now,
these are like super duper old.
I mean, I think AES was invented in 2001.
Like that's the time since that's been the standard for everything and i know
we got a whole war coming up and there's you know so many things going on but even after this trump
has made time to sign a bill to get all the encryptions up to nist standards uh we have
already done that with our with our test net and everything that we
have done before but this is like the current encryption standards are like 25 years old so
there's a whole lot of area where we can upgrade and dm is here to upgrade yeah well i mean we see
the risk every single day like just this morning uh a linden protocol, Gandhi, there was an exploit on one of their contracts.
And I think last I seen it was like 75 ETH worth of NFTs were stolen, gone, cheated.
I mean, it happens every single day.
There's exploits on every chain.
And this is without quantum computing this is just with people that
are smart enough to build bots or built you know with the help of probably ai you know finding these
exploits um in in which i want to i i want to dive into some some of the ai uh in in quantum computing
here momentarily the in i didn't realize a lot of this was that old, Dave. So thank you for
pointing that out. It makes me think like we're still watching antenna TV rather than streaming
right now. I feel like I'm back as a kid watching Saturday morning cartoons, trying to adjust the
antenna so I get a good picture.
It's kind of wild to think that we're still, you know,
building things on 25-year-old tech.
It's pretty crazy.
Absolutely.
I mean, that's the whole issue right now.
You know, every big financial disaster,
it started with the same thing.
You know, we'll do it later.
We'll do it later. We'll do it later.
We'll fix it later. But that's
something that we have avoided as a team
here at Diamante because
we know the threat is there
and we got to be ready since day one.
And that's what
our tech team has been doing.
And shout out to Arigid for
pulling up the entire show on this.
Yeah, I mean, for years, because I mean,
Diamante didn't start doing this last year.
You know what I mean?
This has been years and years and years in the making
to bring Mainnet live.
So, Arigit, one of my other questions is,
how do you keep the transaction speed fast, though?
How do you keep transactions fast enough to where the chain's not clogged up by bundling all these basically together with signatures and the proofs?
And how are you able to keep the speed fast enough?
So Chase, there are a lot of manifestation, I should say, because end of the day, when you have a very complex architecture, been tightly coupled, it usually has a catastrophic effect.
Because end of the day, let's say, for example, when I was talking about Ethereum, why the transformation might be a very hefty one, because each of the models or other components are very tightly coupled.
because each of the models or other components are very tightly coupled.
And eventually, when you talk about making a sort of a transformation,
you need to do from the scratch zero.
You need to just go through each of the components.
You have to just ensure that when you make any sort of a regression,
that needs to be also been addressed to the parallel,
other components or model in that regard, right?
So Diamanty is a very loosely
coupled, flexible architecture where each of the components has its own streamlined process.
And when we talk about a synchronized by-zend and fault tolerance being mapped on that protocol,
so most of the transactions are more of like a mapped base.
So rather than just you have a huge data blob being passed from block to block, you're just converting that into a map gets traversed and how a data blob gets traversed. Obviously, we'll be able to understand that a map has almost like a hundred times better conflict management,
and it's more of like a fast to compile and
execute compared to a data blob itself.
This is one of the advantages that we eventually
undermined in the early block itself. So this is one of the advantage that we eventually undermined in the early stage itself.
Second of all, we are using
a NoSQL which is majorly works on
a key value of architecture.
It's a generic compilation model,
what we call it LMDB.
And if you just compare how LMDB is scalable and what is its overall
latency propagation, it's maybe I should say a thousand X compared to your CouchDB or maybe
Mongo, which is the standard and no SQL database that are being widely used by the existing blockchain databases.
So let's say for Ethereum, we talk about it still works on a legacy CouchDB or a Mongo
sort of a network.
Your hyper ledger works on CouchDB.
So if we really talk about a faster network, majorly they have already shifted to a key value
operation sort of a database.
And this gives us the second advantage on the data persistent layer.
Okay.
So when we actually accumulate all these factors, we eventually get a better throughput.
We are not saying that we can compete with Solana or let's say SWE in the
theoretical projection, right? Because SWE talks about 200,000 TPS, which eventually I'm not very
sure about how that can be actually effective in real world. Or maybe 60,000 TPS been claimed by
or maybe 60,000 TPS been claimed by Solana,
where we can actually see there's close to 3,000 TPS on-chain data available for Solana
and close to 1,000 TPS effectively being mapped for SWE.
So we cannot just talk about big numbers,
which eventually cannot be feasible enough
until unless you have that sort of infrastructure in place.
So we restrict ourselves in stating a value,
which is something which is possible
and effectively can be proven.
And the reason we have right now been overly tested
with 10,000 TPS on-chain data propagation
on diamond and midnet.
So that gives us a pretty strong point
that even if you are having a quantum site sort of encryption which is huge which is bulky in nature
you can manage that sort of throughput so high throughput uh day one quantum protection
is is what i'm getting there so yeah, yeah, because the Vitalik Post,
DM quote tweeted and said,
on Diamente, the first quantum resistant layer one,
quantum resistance isn't a future patch
or optional upgrade, it's the baseline.
Native post quantum security, hybrid L1, high throughput, multi-VM
execution already today. And that will be on mainnet. That will be on mainnet launch day.
And I'm definitely excited about this, especially if we get going live this week.
What are the products products i know we have
hit hit on several of these things um what are some of the products that we're gonna see
live when mainnet goes live uh are there any partners things like that that you want to
kind of touch on sure so uh cheese is So, we already had earlier partners
of which we have
a substantial product line
of, let's say,
close to 150 plus products
that have been built
on the layer one,
the version one itself.
And we will be obviously
getting back to them,
having a touch base
on getting their entire product to shift to V2.
So obviously, even if we see, let's say, with a downsizing of, let's say, a 50 percent.
So we will be having obviously a 75 products that will be shifting towards the MedNet 2 version 2.
the MedNet 2 version 2, right?
Right. So that is evident.
So that is evident.
Getting into the in-house products,
we already are waiting for the MedNet launch,
most of which we will be slowly shifting our products.
Either it's PayCircle we talk about
or Dexpop we talk about or QVPN.
That will be followed in next couple of months.
So these are the core three products
that will be directly
managed under the hood of diamond day and yes we are constantly uh in churning of it uh earlier
collaborators or partners apart from onboarding new partners uh which eventually bring more of
value to the ecosystem with having different sort of a product line. Because if you remember on the
previous space, we already stated that Diamond is very agnostic to the business use cases.
So we really don't want to shift gear for ourselves in stating that Diamond is more of like Aave,
which is more under the fintech side, or we are more of like a Solana, which is more under
the meme side, or let's say having said on the hyper ledger, which is more under the CBDC or
retail based use cases, right? So we don't want to constrict ourselves. We really want to be more
focused on the network management, scaling the network eventually
with multiple layer support, ICPs,
and cross chain compatibility.
Obviously, like we already had spoken about
the privacy feature itself and multi-VM itself.
So we will be actually focusing more
on the scalability of the network.
The products will be something which is more of like a buy itself. So we will be actually focusing more on the scalability of the network. The products will
be something which is more of like a buy itself. So it will be following the network utility
through our partner engagement. Yeah, we spoke about how Diamente will have a full SDK where
brands and founders are in here now. And even if they're on Ethereum or if they're, you know,
on another chain right now,
how easily it would be for them to move over and,
and get on Diamante.
Can you kind of touch on that just a little bit?
Definitely.
So post our Mennet launch,
we will be eventually like sharing all the resources, documentations, and SDKs for open integration with our Mennet.
Testnet's already been opened up, and there are a few upgrades that needs to be done in terms of the collections and open API collections. That becomes more of ease for the developers
or the institutions to adopt
and get started with the integration.
We initially thought of having more
onto the postman collection as a framework,
but we do understand that the enterprise standards
becomes more easily adoptable and flexible
when you have a framework which gives you the flexibility
and the understanding how the framework or the API architecture works.
So we have an entire comprehensive documentation that can be shared following the mainnet launch.
As the case, we will be coming up with the Golang and JavaScript support for the initial launch.
Post to which we will keep on adding more of the text tags like you talk about Rust,
we talk about Java, so that will be followed up shortly.
So that will be a complete basket of like a developer support.
And apart from that, we will be having a forum dedicated for the developers
community where they can actually contribute, they can actually raise queries, they can actually
have a common mindshare in creating more value chains on Diamante. And for each of the valued
conversation or engagement on the network network they will be eventually awarded for
that yeah and the forum's good because you want to have you know you you guys as the the actual
team you want to have a open you know dialogue with builders that are building on chain
especially on on diem and i see a lot of chains where where and i'm not going to name them but there's there's
several that have launched in the last six to eight months where they've launched they've sent
a coin and then everything's down and everything's down and down and down you think you're down 90
but it goes down another 90 and but there's no support i see it i hear it in spaces where teams
have tried building but they can't
even get like they can't even get with a team member to work out any technical issues or or
work out things that they think can be improved so like is that a core like thing that that
diamante is going to be focused on is is making sure that there's always an open channel of
communication for teams that want to build?
Definitely, this is one of the cohort of Diamond TV.
We do understand that something, if you really need to sustain for a longer time,
you need to ensure that your developers, your community have a flexible access to your resources, and they can have open discussion with your team or your
contributors in a segment or a forum to just be active and engaging, right? So apart from having
a manual interaction, we ensure that we will be having an extended AI support, which can give them a detailed
understanding of their queries.
And if they have any sort of security patches or they believe that needs to be added or
maybe some sort of feedback that needs to be added to the network, that would be widely
accepted.
So it's not limited to only the community members or to our team who can extend the support.
It will also be managed through our AI.
Okay.
So I was hoping Chirag would have been here, but he's not.
And I know, I think the last time we were doing this space with you,
he was actually in Hong Kong at ConsenSys.
And I'm not sure if you did.
So I know you weren't there.
I don't know if you made it to Denver for East Denver.
But what were some of the takeaways?
And when we get him back on, IRL in about, you know,
quantum threats and quantum security and Web3.
So Jesus, I cannot just give a detailed insight on the communication or the engagement that
Chirag had in the Denver or in the Hong Kong summit. But what we had the post discussion
and multiple calls with different enterprises
with regards to how the quantum is shaping,
that was something I guess is very intuitive
and learning for us.
Because with respect to how the entire ecosystem
is shifting towards quantum is phenomenal.
Because last year, if we just look back, there was not much of a hype that was been happening on the quantum.
It was more on the AI centric.
Now, there is a paradigm shift that has happened on the quantum side.
The people are not talking about more under the security perspective, more under the core network of like maneuverability.
And obviously in terms of throughput, yes, that is one of the standards that we obviously
do believe, but it's not just only the throughput, it's about how your information, how your
assets can be secured.
And that, like, I can just say,
like, we had almost like seven to eight meetings
with institutions,
and they are large in terms of the AUM
that you talk about.
There are custodial enterprises
that we talked about,
and they were very focused on that.
So I can just tell you one thing for sure.
There will be a paradigm shift
with regards to the existing alignment
with the the legacy network uh when we talk about having our assets but being fed with the existing
network it's very uh vulnerable so what we do believe that slowly will be coming up with our
side chains uh which will be more of a wrapped version of the leading tokens, let's say a wrapped
Ethereum or maybe a wrapped Bitcoin or maybe a wrapped BNB. So rather than just creating a
dilution in the minds of the investors or the community, they can flexibly transfer their
existing assets to our network, giving that the sense of trust and the sense of security.
giving that the sense of trust and the sense of security and slowly uh when the other network
starts adopting to it we will be having a a strong foothold on that yeah because like we we kind of
touched on this briefly it's like if i'm a web 2 if i'm a web 2 company say i'm a big bank like
i'm bank of america and i'm about to go on chain, and I'm going to... I'm seeing... You see these posts like such and such bank is thinking of building their own chain,
having their own stable coin, because everybody wants to keep their own fees. You know what I
mean? So everybody wants the money. They want to keep everything for themselves.
But why would you build on an L1 that doesn't have protection? Why would you build on an L2 that doesn't have protection?
And it only makes sense if you're going to start this journey,
you know, into crypto as a large Web2 brand,
why would you not want to be protected for yourself,
but also your consumers?
And it's a really good point to, you know,
for me, when I look at it from the, you know, I'm not from the outside because I'm here every day.
It's like, that would be a massive selling point or a point of like, well, hold on. Yeah. Ethereum
is, or Solana's this, or Sui's that, but like, are they protecting me for 20 years down the road
and you got in in diem has already built the core structure to to you already set the foundation
in every day every month every advance in technology uh it is you know as ai gets smarter
all these things develop it's only going going to strengthen the foundation that DM has
already laid, right? Exactly, exactly. And for example, we talk about the core contributor on
the Web3 space, data custodials, right? Which we really have trust because we do believe that
our hardened money that is getting converted to the form of an investment, irrespective of the nature of the token itself.
We can just say that, hey man, we are having a 10 Bitcoin or maybe a thousand Ethereum
or Solana or any other tokens in that regard.
So the trust comes when we know there's a strong partner who acts as a custodial of
our assets.
Now, let's say when you are holding a trust wallet or a MetaMask,
which is more of like a non-custodial wallet,
and suddenly you are just looking into your wallets
and you are seeing your entire assets have been wiped out.
So there is something which needs to be done.
First, you have to ensure a safety for your assets.
And when we had an initial discussion with some leading of the custodials, they were actually shivering with the thought that
irrespective of having an MEV or an MPC in place just to ensure that you're having a multi-party
signature mechanism or you have a hardware wallet support,
actually addressing the core foundational threat, that is your infrastructure itself is vulnerable.
So irrespective of you are making a dual signature for just passing the transaction,
it is readable and it can be cracked.
So when we had a discussion, they were pretty much like confirmed that they really need to have a certain layer of security or protection to ensure that the existing infrastructure gets binded first, and then they can start onboarding those tokens or in a form of a conversion of it. So that's the reason I just stated that post our mainnet launch, we will be fully focusing on scaling our network
to support different other networks and their assets
just to ensure that irrespective of whether the network sustains or not,
the users or the investors who are already holding that assets
can actually bring those assets onto our chain
in a with respect to the custodians.
For let's say if we talk about a Hex Trust or we talk about a Fireblock, right?
So they can rely to their vendors or to the enterprises knowing that they are being managed through a network, which is already quantum proof.
How is AI?
We see everybody,
Claude bought this, Claude bought that,
you know,
is Diamante exploring AI inside of,
you know, inside of its network?
Like, are we going to see
a large integration?
I know the Dex Pop,
you know, is part of that,
but has that evolved even from like day one?
Because, I mean, AI is changing so much so fast.
I guess this change is something to be welcomed.
That change is overwhelming and that needs to be addressed with a positive note with rather having a fear in mind maybe that can actually disrupt the existing work culture or the human need.
like a strong capacity of optimizing your existing critical infrastructure or your complex application
and maybe in like effectively maybe in an hour or maybe in a day itself, then it becomes important
for any enterprise to adopt. And Diamante itself has been very open with the mind to adopt and Diamante itself has been very open with the mind to adopt and engage with
AI. So yes, as like I stated that Dexpop is one of an application which has an AI marketplace
where we ensure that any user or any aspirant who really wants to create a product, a sustainable product rather I should say, and get it launched
onto a marketplace to be tradable and to be acknowledged by the community.
That the core focus was that for Dexpop.
It has an extensive use of AI and with respect to Diamante as a whole network uh it has its own uh ai processor which um constantly keeps on
optimizing the network throughput and its core uh block capacity so that for example uh let's say uh
post the mainnet launch um there is not much of a transaction happening right so in that regards
you need to ensure that your infrastructure does not get impacted because you need to maintain that sort of an infrastructure.
So how can you scale or upscale or downscale your infrastructure in a dynamic manner is where your AI gets into picture.
So the AI optimizer ensures that whenever there is a need of upscaling, it upscales the block propagation
or the consensus mechanism and the effective use of the resources or the infrastructure
happens there. If it is not, it automatically downscales itself, which actually results into
your financial, you're actually saving a lot of money from that because you are not
constantly paying that sort of a hefty amount for managing your infrastructure. So,
in that sort of a way, your AI constantly keeps managing your network in respect of how many
validators you have or how many transactions you are having. What is your overall engagement with the network okay so ai is deeply
integrated in um i wasn't expecting it to manage the actual network the the uh the upside and the
downside on top of on top of dex pop and then on top of that it's also going to be integrated into
the developer chat uh or the you know the you know, the developer forum, um,
as well. So, and then I'm sure more things in the future as well. Um, as, as, you know,
Diamante grows, what looking ahead, we're saying main mainnet launch this week. Uh, what, what are
some things that we're looking for? What, what, what is the team looking at uh you know to show
a provable successful launch uh heading later into the week so jesus like we already has
crossed the initial benchmark uh from the testnet itself so the mannet is wholly focused on getting
the enterprise engagement at this point of time, because obviously when you are having already done your due diligence, you have done your application integration with the testnet, you have the clarity of how the testnet works, how the overall integration works, then it becomes important that those enterprises or those communities
starts getting migrated to the Mennet.
So our key focus at this point of time is to slowly onboard our existing collaborators
and partners to the version 2 Mennet, post to which slowly we will be scaling our network
towards the smart contract integration.
As obviously I stated that we already have a multi-VM architecture.
So yet we are not coming up live with the smart contract.
We really want to have initial understanding on the Mennet infrastructure capability,
its transactional throughput, and how the overall validations has been worked, how the feed distribution is working upon, how the tokenomics is getting
stabilized.
So initially two to three months, that will be more of like a check on the mainnet performance.
And within the same period of time, we will be also coming up with our smart contract
release.
Followed up with that, we will be coming with our privacy layer. And then followed with that, we will be, uh, coming with our, uh, privacy layer.
And then followed with that, we'll, we'll be coming with the ICP itself.
Nice. Yeah. The, I think the privacy layer is going to be massive. Um, we see it every day.
People, people, they love, they love the, uh, the openness of web three and where you can just
see everything on chain and I can see what Dave did
or I can see what, you know, anyone in the audience has done. But then at the same time,
we want some privacy at times. And I, I have people like checking my wallets and checking
my transactions. And I'm like, yeah, sometimes I don't want you guys to see this shit, you know?
And it's like, so the privacy side is going to be really nice and
it's going to be great for businesses uh institutions that are coming in because there's
a lot of transactions that should not be shown uh you know on you know it just shouldn't be that
easily accessible right but i do believe that the initial context of the Web3 was more onto the decentralization, right?
But everyone was talking about that. Yes, it's a complete transparent.
It has like immutability.
And slowly the context is shifting towards getting more onto an opaque sort of a nature, like where we do talk about privacy.
So the Web3 context constantly shifts to the nature of the business
and the way it comforts the enterprises or the community.
So I'm not very...
We all want decentralization with privacy is what we ultimately want.
So that's a mixed blend of talking about
of having a centralized control
and you are not willing to share what you're doing,
but you're talking about a decentralization.
Yeah.
So yes, maybe the context,
it sounds very appealing,
but for a tech perspective, I do still believe that maybe Web3 needs to evolve
from the notional idea of a transparency towards more of like a security layer.
It's something should not be taken as a thought that I'm just obfuscating my transactions or I'm just hiding my transactions
from the global, the watch list or the views just to ensure that I can just do a part of
a CFP trades or a part of a money laundering use cases. So that is what my take is all about.
Yeah. No. And I get that. Yeah. I mean,
if you're trying to hide every transaction, then you're it's you're doing something nefarious. And like, you know, for me, though, but like, you know, I shouldn't have to if I use a,
a, you know, a decentralized debit card or some type of card using my my crypto, I don't want,
you know, oh, Jesus spent this much at Target and he spent this much at the
mall and, you know, he bought a house and bought a Rolex and like, so a lot of these things need to
be, you know, you know, private. And I do like the side of that. And, you know, like I said,
we're seeing big names such as Vitalik leaning into Privacy Network. So I think this is going to be a really good side of Diamante moving forward.
And, you know, I'm excited about Mainnet launch.
So obviously we have no date, but you're hoping this week.
And I would advise everyone to make sure you have notifications on for DM.
Dave, I'm getting a host is having connection issues.
So the space might rug any second.
I don't know if Dave's there anymore.
I'm on the space.
Yeah, I also received the same notification.
you know x doesn't want us they don't all this alpha no they don't they don't um well before it
You know, X doesn't want us dropping all this alpha right here.
No, they don't.
They don't.
does rug us arjit let's let's kind of uh recap and touch base on anything that we might not have
and then we will shut things down because i usually within a few minutes the space ends up Ragan when that that message comes across.
Right. So as of now, it becomes very important that we talk about the positive aspect of Diamond Day in terms of what we are coming shortly in terms of the launch. So yes, we will be coming
with it's a full feature, we will be coming with a full feature. We will be coming with entire transactional capabilities
where you have multiple operational engagement.
You have the flexibility to shift from the legacy network to our mainnet.
And since I can be very open to state that initial time
when you have a mainnet launch,
you do expect some sort of a smaller glitch. And that's
the reason we also have given more of like two months of freezing time where we will be constantly
monitoring the overall performance, but that should not impact the overall, the operational
side of the network. And post of which we will be obviously followed up with our smart contract and
the privacy layer. And when we talk about how the existing tokens that has been distributed globally uh with our Thank you.
