[Crypto Currency] Dash (DASH) - DASH is Digital Cash
Since Bitcoin appeared, it has become synonymous with Crypto Currency. It is made possible by PoW method using SHA-256 algorithm.
DASH was created to provide more currency and faster online speed than the Bitcoin concept created by Satoshi Nakamoto. Starting with Bitcoin, the main components are compatible, but with a 2-tier network structure, they are faster.
What DASH claims to do is enable immediate transmission between networks, and Bitcoin's problems are solving problems with Double Spending, anonymity with Darkcoin, building Masternode and building governance by ownership.
DASH first appeared in the world in January 2014 under the name XCoin. Since its launch in February 2014, Darkcoin has become anonymous and has been renamed to DASH in March 2015.
Since we started with Bitcoin, it is PoW type, but it is possible to extract ASIC using X11 instead of SHA-256. However, since we have built a network with Masternode, we can see that it supports Hybrid of PoW and Masternode.
By introducing Masternode, DASH has succeeded in solving double spending problems and reducing transmission time. With Masternode, a Full Node that needs to go through the middle of the trade, the pace of reaching the agreement has accelerated and the deal has eventually accelerated.
Masternode Quorum allows you to check transactions that have not been reflected. Once a quorum is formed, the values entered are locked to be used only for a specific transaction, and the time it takes to lock is about 4 seconds. If the Masternode Network agreement for the lock is made and the transaction ID does not match, the transaction is rejected.
The number of Masternode in DASH is 1,000, and connection delays of more than one hour should not occur. It is structured to reduce 7.14% issuance every year. And, the node should work on a 24-hour server. Ninety percent of the block rewards are paid out, and 10% is contributed to the development of DASH.
This 10% goes to the governance of DASH called GDBB and it is used for the development, and it is used for the development of DASH such as developer, clerk, cost for listing of exchange, API and DASH Pay.
Proposals proposed in the DASH Community, such as DashCentral, will receive funding from the most voted proposals through the vote given to Masternode operators.
The total amount of mined is set at 22 million, so the ROI, which is the standard for judging profit, is getting smaller and smaller. Especially DASH is expensive, so many people want mining, so it will be harder to get compensation.
How will DASH's anonymity be built? DASH is building Privatesend. This is an anonymization method called Coin Join. Masternode It is a way to bundle several transactions so that they do not know who is sending them.
Privatesend means that the transaction is made up of senders and recipients and requires a minimum of three participants in a way that allows the parties to use the facts created to coin the form in a form that can not be subsequently broken.
Instead of submitting input values and output bubbles directly to the pool, the user selects an arbitrary Masternode from the network and requests that the selected Masternode relay the inputs, outputs, and signatures. If the Masternode receives the signature via a relay system, So that you can protect it.
DASH Evolution focuses on three capabilities, data processing, ease-of-use, and network scalability at each stage of development. DASH's contribution to date is expanding the development team and accelerating the speed.
DASH Core strives to create high value products and create great value, and we intend to invest continuously for a long time to enter the market. Rapid entry into the market and product launches can temporarily increase the value of the product, but it will result in lower product quality.
You will test the state of Masternode through a system called State Transitions. Masternode, which has become inactive due to this, wants to maintain its optimized state by applying a system called Masternode Blocs and removing it from the Masternode list.
DASH is a Crypto Currency based on Bitcoin that emerged from a very early time. Privatesend has the anonymity of Darkcoin features, combined with PoW and Masternode to speed up and solved the problem of double payment.
Bitcon expresses the concept of P2P electronic money more faithfully, and it was able to positively complement and express payment problem corresponding to the concept of money, but it became the limitation of DASH soon.
For the recent Darkcoins, growth has been limited in terms of the market as a whole, due to the fact that tracking problems, criminal groups, terrorist groups, and corporate money laundering problems have reduced their standing.
The fact that the amount of digging is reduced every year is also a factor in the deduction. DASH can expect the same expectation that the price of bitcoin will rise due to scarcity, but considering DASH's mining ability, fund for Masternode construction, I think it is not good in the long run.
I think DASH Core and DASH Lab should consider and consider another use or development direction of DASH. Otherwise, it is Crypto Currency which is worried about not being taken.
DASH: https://www.dash.org
Discord: https://discordapp.com/invite/9z8zX5j
Twitter: https://twitter.com/dashpay
Likedin: https://www.linkedin.com/groups/8179817/profile
Facebook: https://www.facebook.com/DashPay/
Github: https://github.com/dashpay/dash
It is an open chat what discussion about masternode information.
It would be nice to share your questions about the master node.
Withnode: https://open.kakao.com/o/gNrDYAG
I have analyzed based on white paper and published information. Since there is no information that can be verified, it is recommended that individuals conduct further analysis and proceed with their own discretion.
I do not encourage individuals to invest, they share information only for reference.
