DSH/USD forecast DASHCOIN, news & trading signals
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Bitcoin Futures Cop Says It Will Remain on Beat During Shutdown
by Bloomberg on January 19, 2018 at 10:00 pm
Ripple Recovery Cools, Slumps 10%; Bitcoin Eases From Highs
by Investing.com on January 19, 2018 at 8:31 pm
India sends tax notices to cryptocurrency investors as trading hits $3.5 billion
by Reuters on January 19, 2018 at 6:06 pm
U.S. CFTC sues three virtual currency operators for fraud
by Reuters on January 19, 2018 at 3:31 pm
Cryptocurrencies Attempt Recovery Amid Weekly Bloodbath Over Regulatory Concerns
by Investing.com on January 19, 2018 at 2:27 pm
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that aims to be the most user-friend land most on-chain-scalable cryptocurrency in the world. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash’s decentralized governance and budgeting system
Dash is the first decentralized autonomous organization powered by a Sybil proof decentralized governance and funding system. Decentralized Governance by Blockchain (DGBB), often referred to simply as the “treasury system” is a means of coming to consensus on proposed network changes and funding development of the Dash ecosystem. Ten percent of the block rewards go to this “treasury” in order to pay for projects that benefit Dash. Funding from the treasury system has been used to hire additional developers and other employees, to fund attendance at conferences, and to fund integrations with major exchanges and API providers.
Each masternode operator receives one vote. Proposals are eligible for funding according to the following formula: (YES VOTES – NO VOTES) > (TOTAL NUMBER OF MASTERNODES * 0.1). If there are more proposals that meet that criterion than there are budget funds for the month, then the proposals with the highest number of net votes will be paid. Community interaction with proposal submitters is done through the dash.org forums, or through community-driven websites, like DashCentral. These websites allow proposal submitters to provide multiple drafts, then lobby for community support before finally submitting their project to the network for a vote. After the submitter has enough support, the network will automatically pay out the required funds in the next super block, which happens monthly.
The funding system has seen revenue growth. In September 2015, the treasury system provided $14,000 in funding per month. Due to increases in the value of Dash, as of May 2017 the treasury system provides over $650,000 per month in funding. The treasury system has created a positive feedback loop, whereby additional development increases the value of Dash, which increases the amount of funding provided by the budget system.
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