6th on Coinmarketcap.com Digital Cash a.k.a DASH with InstantSend and Coinmixing for Privacy
Hello Steemit,
just want to share some infos about the 3 years old crypto currency called DASH.
DASH main Infos:
DASH is the first DAO in the whole History of Cryptocurrencies.
DAO = Decentralized Autonomous Arganization (https://en.wikipedia.org/wiki/Decentralized_autonomous_organization)
Blocktime 2,5 mins
Block Reward 3,88 Dash
The Block Reward splits in:
45% for the Miner
45% for the Masternodes
10% are Budget/DASH Treasury!
it means that that DASH is a self-funded Currency because of the 10% budget! (for Example The Bitcoin project has no funding)
Another example: in 2017 would be mined about 800.000DASH > 10% are like 80.000Dash x 20$ = 1.600.000$ Budget!
These 1.600.000$ are directed to development, marketing and law.
DASH have 2 tiers network:
- Users which have 1000DASH on a wallet (Masternode)
- Users which have not that much on a wallet (regular wallet users)
With DASH there are regular wallets and in addition full wallets, which are called masternodes.
A masternode allows the anonymous transfer of coins and instant payments.
With Bitcoin there are only wallets which connect between eachother and the miner have to confirms every transaction. It takes time for confirmation of each transaction and depends on the fees if it will go through for 10mins or for 30mins or more.
The setup of one masternode requires the masternode owner to lock 1000 DASH within his own wallet.
Every 7 days the masternode operator earns about 1.9 DASH from the blockchain for running the service.
Everything You Ever Wanted to Know About Dash Cryptocurrency:
Dash purchase process on GENERAL BYTES Bitcoin ATM
Dash WaterVend - is Vending machine at TNABC 2017 (Dash Instantsent)
https://www.dash.org (official DASH site)
https://www.dashcentral.org (Voting on proposals and monitoring of Masternodes)
https://dashous.com (buy some DASH for FIAT/ its like Localbitcoins market)
https://welovedash.com (sites which accept DASH)
Sincerely @balla
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