Dash Proposes Decentralized, Anonymous and Sustainable Funding Structure
The traditional incentive and funding systems for cryptocurrencies are broken. Right now, they only serve well the early adopters, so we get new coins launched all the time because it doesn't make economical sense to work for established ones. Of course, money is not the only incentive, but it is quite a big one, and it is absolutely necessary to compete with the established system. Developing a new cryptocurrency not only requires skills and workforce, but it also requires plenty of other resources that are expensive, including servers, tools, bandwidth, communication, among many others.....
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For cryptocurrency Dash, presenting at d10e next week, the goal is to have people walk away realizing that there is a lot more that can be done with cryptocurrency or digital currency than bitcoin has been able to achieve thus far, says Ryan Taylor, head of finance at Dash. What Does Dash Bring to the Table? Dash will have a significant presence at the d10e Conference in San Francisco on Jul. 20. Lead developer Evan Duffield and head of business development Daniel Diaz will both be presenters. In addition, Dash will be hosting a booth featuring a Dash-enabled vending machine to highlight....
Bitcoin and many other cryptocurrencies functioning off Blockchain distributed ledger technology operate in an open-source environment without centralized ownership or command structure. Under this model, only miners, those who mint new coins and process network transactions, receive funding directly from the cryptocurrency itself in the form of the block reward, or all new coins created. Dash, a cryptocurrency emphasizing mass adoption and usability, breaks from this model by offering only 45 percent of the block reward to miners and reserving 10 percent of new coins minted to fund....
Early Bitcoin pioneer Charlie Shrem, co-founder of now-defunct Bitcoin exchange BitInstant, is pursuing a new venture, a Dash-branded and Dash-accepting debit card. Rather than seeking startup funding through more traditional means, however, Shrem has instead sought funding directly from Dash itself. Instead of the entirety of the block reward going to miners like most other coins, Dash gives 45 percent to masternode stakeholders, and 10 percent is set aside for development and other community projects. As this card would constitute a community project to grow Dash’s ecosystem, Shrem....
The rise of Ethereum’s The DAO is certainly cause for excitement. However, for Dash, the prospect of successfully operating a decentralized autonomous organization is already old news. Created in 2014 by Evan Duffield as “Darkcoin,” Dash quickly grew from a platform for highly-anonymized transactions to a full service network for payments, project funding and decentralized governance by protocol. Dash: Two Years Ahead. With all the talk about The DAO, people seem to have forgotten — or simply don’t know — Dash has been providing DAO-like services for a couple of years. With its....
In this episode, Evan Duffield of the Dash project gives us an extended interview in which we talk about a new feature in Dash which will give Dash users and masternode operators a much greater say in how things are done. Called the Decentralized Governance System, this new aspect of Dash allows users to essentially propose projects for Dash to fund, and those which get the most approval receive funding until the budget runs out. We also talk about the Bitcoin block size troubled times, about the history of Darkcoin, and more. Following that, the song "Detonate" by the pro-Bitcoin band 22....