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Dash - April 2016
Transcript of Dash - April 2016
People have different needs
What Is Dash?
Bitcoin transactions take too much time to confirm and zero confirmations acceptance is not a valid solution to avoid double spend
Usability Is Next - Evolution
New layer on top of protocol
User friendly but fully featured
Competitor to Paypal
Dash Blockchain Governance
Why Not Bitcoin?
Bitcoin is not perfect
Nodes / Masternodes
They receive part of the block reward
1000 DASH needed to create a masternode
Proof of Service, new way to invest and gain revenue
No sybil attacks, masternodes are reliable as a group
Bitcoin is not private!
Pseudonymous ≠ Anonymous
Contact points with identity
10 Masternodes check tx and create lock
User A sends tx
User B gets confirmation
Lock added to mem pool. Miners can't include tx that contradicts valid lock
Dash has one structural innovation on top of which functional and governance innovations are built
Solution to lack of funds for development and promotion of Dash
Part of the block reward reserved for Dash advancement projects
Anyone can submit a proposal
Masternodes vote and proposals that pass get funded
Servers anyone can run that perform certain services for the network
Dash splits funds into common denominations and mixes them ahead of time in a trustless way
Select to send annonymously
Based on quorums - DAPI