Diem is a distributed ledger technology platform designed for the development of decentralized applications and the execution of programmable financial transactions. It provides a comprehensive framework for operating validator nodes that maintain ledger integrity through a Byzantine fault-tolerant consensus protocol, ensuring consistent state updates across a distributed network of participants.
The platform distinguishes itself through a modular node architecture that decouples consensus, execution, and storage to facilitate scalability and maintenance. It utilizes a resource-oriented virtual machine and a type-safe smart contract engine that enforces strict ownership rules, specifically designed to prevent common financial vulnerabilities during the processing of digital assets.
The system supports a broad range of capabilities, including the integration of financial services such as digital wallets and merchant storefronts via a standardized remote procedure call interface. By organizing ledger history into cryptographic hashes, the platform enables efficient verification of state and historical transactions, providing a secure environment for defining custom logic and automated financial operations.
