Understanding Decentralized Governance of Dash

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Dash is one of a privacy coins though shapeshift delisted dash because according to shapeshift dash is no more privacy cpin. .As a user of dash, I know that dash wallet has two option of sending balance. Private send and general send.When you set up private send your transaction is not traceble. You just need to check list private send button and is charged higher fee.

Dash Governance

Dash has two layers of networks. They are mastrnodes and miners. Masternodes have vital influence over dash network. New apps and proposak should pass the dash masternodes. Masternodes have voting power to proposals and budgeting. Budgeting and projects are not only technical development but also marketing and promotion.

A group of developers or individual can apply for proposal of funding on dash development. The early process is submiting the whitepaper, roadmap of the proposal to dash forum. Every submitted proposal is charged 5 dash to prevent spamming on the network. After the proposal earns recomendation on dash forum, it will be submit to the masternodes. The masternodes have option to vote "yes" "No" And " Abstain". Dash proposal should pass minimum treshold of voting. To monitor proposals you can visit https://app.dashnexus.org/

Reward allocation

Dash reward is splitted into three parts. 45 % miners, 45 % masternodes and 10 % Dash Governance.

There are more than 4500 dash masternode operators. To run a dash masternode an operator should stake minimum 1000 dash.

Future of Dash

Dash is claimed to be digital cash. A digital payment system. Though, there is no amazing smart contract, dash offers large service in payment system. Strong marketing campaign to retailers and merchants to accept dash, has made dash one of the most used cryptocurrency in the world.

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