Dash - DASH
What is Dash?
Dash (DASH) is a privacy-centric digital currency based on the Bitcoin software. It allows you to remain anonymous while you make transactions, similar to cash. With Bitcoin, transactions are published to the blockchain and you can prove who made them or to whom, but with Dash the anonymization technology makes it impossible to trace them. This is important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. Dash does this through a mixing protocol utilizing an innovate decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system.
Why choose Dash?
Keep your payments private so nobody can track you, your transactions and balances are nobody’s business. With Dash’s ahead of time anonymization only you have access to your financial information.
Payments are received almost instantly by the other party thanks to faster block times. Ahead of time anonymization lets you send Dashs anonymously without waiting for processes or people.
Advanced encryption and a trustless protocol for complete security in your payments and anonymization process.
You can send money anywhere in the world and it will take the same time and cost to send.
Much lower than banks or credit cards, usually even free. You don’t pay profits to anyone, just the network costs.
PEER TO PEER
No central authorities to trust because of full decentralization, even for the anonymization process. Everything stays between you and the other party in the transaction.
Masternodes and Proof of Service
In addition to traditional Proof of Work (PoW) rewards for mining Dash, users are also rewarded for running and maintaining special servers called “Masternodes”.
What are Masternodes:
Simply put, a Masternode is a server connected with the network that performs certain tasks related with Darksend, which is what the anonymity feature is called, and gets paid for it. It is Proof of Service.
Anyone can run a Masternode. The objective is to have enough of them for decentralization so nobody controls an important fraction of Masternodes. On the other hand, to avoid bloating the network or having reckless operators, there is one condition that needs to be fulfilled: proof of ownership of 1000 Dash. The coins don't need to be in the Masternode, but they need to be kept in a certain way. If the owner moves or spends those coins, the Masternode stops working.
Masternodes are get paid by the network for the services they provide for Darksend. 45% of the new block's reward goes to pay the Masternodes. Masternodes are selected from MN list by deterministic order (the one that got it's payment the most time ago and has been in the list enough time at the same time), so in the long term all Masternodes will converge to a similar amount of rewards.
Having so many servers with the full block chain working for the coin can be extremely useful. Thanks to the reward system, there is no risk of not having enough master nodes and the developers can rely on them for any new decentralized feature they want to implement. This is huge. Tell any developer that he can count on a thousand distributed servers working 24x7 for him and he will tell you.
The more Masternodes the better and safer for the Dash Network.
In the moment we are at over 3000 MN’s (in 22 countries and counting).
Please support The Masternode Network ! Do not let your Dash just sit in the Wallet, put them to work !
There are many services and guides (see bellow) to help you achieve your own Masternode. The payment returns speak for themselves, please check the charts (Link bellow)
Welcome to the Dash Masternode Network, the best investment/return in the Crypto World.
- In general your 1000 Dash (which are hold in your Wallet for the MN) will return 18% payment per year !
(Around 14.88 Dash per month /180 Dash per year)
- With 5.6 Masternodes you will get (receive 1 new Masternode = 1000 Dash per year)
Do the count yourself ….>
(Above based on May 2015)
Masternode Services (Hoosting / Pooling / ....):
Block Explorer / Crawler
Full Official Page listing:
- Release date: 11PM EST, 18th January 2014 / No premine
- X11 hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
- Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
- CPU/GPU mining
- Block generation: 2.5 minutes
- Difficulty Retargets using Dark Gravity Wave
- 7% decrease in the number of coins generated per year
- Est. ~22M Max Coins
- Decentralized Masternode Network
- Superior Transaction Anonymity using Darksend
Windows / MacOS / Linux
Wiki + Confluence:
Cpu Mining SGminer / graphics cards Reuben's Guide to Mining Dash with an AMD GPU on Windows
GPU Mining for Nvidia
tpruvot version - focused on the core, api and monitoring, compatible with linux and windows.
Mining Hardware (CPU/GPU) Listing:
Useful 3rd party software for mining
RPC Port: 9998
P2P Port: 9999
Dash/Bitcoin Pair - Highest Volume (May 2016)
btc38 Dash BTC/CNY http://www.btc38.com/trade_en.html
IRC / Freenode
SERVICES / OTHER
Edited by tungfa, 28 May 2016 - 08:59 PM.
Added / Updated Information.