Apr 2017

Crypto Awards
- Dash -www.dash.org








$ 502,849,010

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Project Info

Next-Gen P2P Network
At Dash’s core is a unique fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users.

Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy and governance, while eliminating the threat of low-cost network attacks.

One of the greatest challenges of building a crypto currency platform is ensuring you create a decentralized system of governance to manage, fund, maintain and expand the project. This key element is absent in every currency to date, the natural response is to create a not-for-profit foundation that is tasked with maintaining the core protocol and promoting the coin but is not really connected to the coin holders in any meaningful way. This approach has a few issues that have been made evident from the experience of older crypto currency platforms.

Current crypto foundations are not related to the currency itself by any mechanism that is included in the protocol and are not designed to outlive early adopters when they lose interest. The foundation then struggles to get funding until it implodes and core development of the protocol is left scrambling for funding or depending on charity that can’t be counted on and does not allow for proper budgeting and planning. Donations are also unfair to donors because there are always free riders that benefit from the effort done by others without contributing. Other projects have financed themselves premining coins or doing pre launch sales, which is not a great solution either because control of the funds is centralized and at that stage it is impossible to quantify the future needs of the project.

  • Tags: #instapay #masternode #secure payment
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