Dash to Implement Decentralized Governance System
Readers may be aware that Dash, formerly Darkcoin, has a system of what they refer to as "Masternodes," which are full nodes that receive part of the mining reward in return for confirming transactions far quicker than certain other cryptocurrencies. Unlike full nodes in Bitcoin, a Dash masternode requires a collateral investment of 1000 Dash, or over $2,000 USD at current rates. Recently, the Dash community raised the question as to whether this network of nodes could be utilized for other purposes. Specifically, whether or not it would be useful to utilize the network of full nodes to....
Related News
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....
Labeling it “its largest software upgrade ever”, Dash has released version 12.1, codenamed Sentinel, today. The anticipated update sets to path a wider redesign of Dash in its advent toward unveiling ‘Evolution’ a decentralized payments system and marketplace that Dash says will compete with the likes of PayPal and Venmo. The latest network upgrade, Dash adds, will feature improvements to backend protocols, voting functions and privacy features and governance. Ryan Taylor, director of finance at Dash stated: We vastly improved the speed of our end user privacy features, improved access to....
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....
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....
DASH, the Privacy-centric, ‘instant’ cryptocurrency with the 5th largest market cap, has announced an integration plan with Lamassu, “the largest BTM network” in the world, bringing the price of DASH up by about 20%. On December 28th, Evan Duffield, Lead Developer of DASH, published January 2016’s budget proposal on the official DASH forums. The budget....