Subject: A new cryptocurrency; Diamond-backed crypto: The first physical diamond commodity cryptocurrency.

Executive Summary: Diamond Standard Company will release a new cryptocurrency based on physical diamonds on the blockchain. 

  • Introduction

Diamond Standard has released a new type of cryptocurrency base on physically-backed assets which are real diamonds in the diamond industry. Unlike other cryptocurrency‘s which are based on computing power, these cryptocurrencies are valued based on physical diamonds.

Unlike other cryptocurrencies, Diamond Standard’s financial transactions are diamond standards diamond coins are regulated by Deloitte internally audited by the way and regulated. There’s no monkey business going on here and there is oversight on how the coins are managed. You should be rest assured that your coins will be safer and back backed by real diamonds.

The way it works is each time in his mind, graded, cut and processed, and then put on the diamond market; however, there is for each diamond mind a cryptocurrency representation of the diamond as a diamond bar as it is described by the diamond standard company.  

  1. How diamond-backed crypto works

Technology is based on blockchain technology which is what bitcoin is based on. Blockchain works as a distributed ledger such that all transactions are public for visibility and accountability; with a certain level of privacy for all transactions.

Technology is based on blockchain technology which is what bitcoin is based on. Blockchain works as a distributed ledger such that all transactions are public for visibility and accountability; with a certain level of privacy for all transactions.

  • Why you should invest

The way I see it no other cryptocurrency has had such a solid round of investment and a top-notch technical team behind it with the bonus of an actual real industry which is the diamond industry which is a globally multibillion-dollar industry with billions of dollars and physical diamond assets so to have this cryptocurrency is great opportunity to get into now because diamonds are only getting rarer and they are going away. Do you have a cryptocurrency back by diocese diamonds is going to be a big bonus because it will vest over the next few years and be a solid return on your investment and very safe investment over time unlike other cryptocurrency‘s which are very volatile as you can see now in the market.

  • Technical Preview

The technology behind diamond standard company’s new diamond coin offering is  based on blockchain technology the same technology that bitcoin uses. It uses its Blockchain not bitcoins Blockchain so all transactions are highly secure and managed by the diamond standard company. You can trust that diamond standard will do a great job of keeping your system secure and encrypted such that your information and financial trash transactions are safe.

  • Conclusion

I was informed of bitcoin back in 2011 and by two developers Judson Lester and his counterpart. The point is that bitcoin was introduced to me at a time when I would be a multi multi-millionaire now if I had taken the opportunity to invest in bitcoin in the early technology stage. This proved to be true and bitcoin recently reached a high of about $70,000 per coin and currently hovers around $30,000-$40,000 a coin.

Diamond standard on the other hand is back by real physical asset the diamond market. GIA-certified diamonds are all represented Digitally on the blockchain for your purchase and investment now. This will be bigger than bitcoin it will be the next bitcoin in my opinion.