Srp 21

Dash Sponsors Arizona State University’s New Blockchain Research Lab

· August 21, 2017 · 5:00 am

Cryptocurrency Dash have this week announced that they are to fund a Blockchain Research Lab in partnership with the Ira A. Fulton College of Engineering at Arizona State University.


More Blockchain Research?

If it seems like every other week there is a news story about yet another tin-pot government, trying to work out how blockchain technologies can benefit them, then take heart. Dash are spending their cash on bringing some high-end research back into the educational sphere.

The new lab will look at the possibilities that blockchain and cryptocurrency can provide for the everyman. Whilst giving students hands on experience with blockchain, it will focus on how blockchain and cryptocurrencies can be improved. A number of topics have been outlined for initial research.

Such as?

One subject which is particularly pertinent at the moment following the recent Bitcoin hard fork is scalability, and the lab will be considering the viability of various long-term solutions for blockchain scaling.

dash

The facility will also research methods to lessen the environmental impact of mining. This could include identifying or minimizing the level of hash rate required to ensure the security of the network.

Another topic to be investigated is the best way to avoid cryptocurrency mining becoming more centralized. After all, if we are pushing for decentralization then this is surely one of the key aspects we are trying to avoid.

So where did Dash get this cash?

The Dash network has a rather unique model whereby block rewards are divided between a number of beneficiaries. 45% go to miners, 45% to so-called master nodes, and 10% go towards a network development budget.

Obviously Dash will be using the output of the research lab to improve their own network, and who can blame them. The results will also be available for any other cryptocurrency to incorporate as they see fit.

Dash fund a bug bounty program through the same network development scheme. They certainly seem to be one of the more proactive players in the field of self-improvement.

Looks like even more cash coming their way

The DASH price surged to a record high following the announcement, meaning more budget for future network development.

One hopes that combined with their ASU collaboration, this can only lead to a better future network.

Will this new initiative help grow the Dash network? Let us know below! 


Images courtesy of Shutterstock 

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Bře 04

Dash Price Surge Brings New Exchange Partnerships & Trading Options

· March 4, 2017 · 8:00 am

1,840 views

When you’re hot, you’re hot. Many people have been asking me over the last couple of days “Where can I buy Dash?” The digital currency industry’s newest rock star is ‘in play’ and consumers’ prayers have been answered. Altcoin Dash has been added to new exchanges and new purchase pairings on Friday.


Bitfinex & BTC-e Extend Support for Dash

Dash price has skyrocketed over the last week, rising from $25 USD to as high as $58 before leveling out at just under $50 today. The ability to purchase Dash has not been ubiquitous amongst all exchanges, but it has been available on Poloniex and some others.

With demand and market cap growing daily, other exchanges are responding, including the largest digital currency exchange for the USD market, Bitfinex.

Europe’s BTC-e has also raised their Dash investment game, looking to capitalize on its recent success by adding more currency pairings:

“The partnership is recognition of the way the market has been responding to Dash’s vision and roadmap,” said Dash VP of Business Development, Daniel Diaz. “I am a firm believer that the free market will always recognize true value when growth and performance (are) sustained over long periods of time.”

Partnering with Bitfinex is a very important step for Dash as we look to provide good, regulated on and off ramps to the network that really make user applications easier.

Checkered Past

Dash has had an off-and-on relationship with Bitfinex, mostly due to demand, as it has been struggling with demand ever since it burst onto the scene in 2012 as XCoin, then made a splash as Darkcoin, before rebranding to Dash in 2015.

Dash has seen positive press throughout Q1, including its partnership with Wall of Coins It is now the third highest valued digital currency in the world, by market capitalization, behind Bitcoin and Ethereum.

2

“Bitfinex is extremely excited to be adding Dash to our exchange,” said Bitfinex Chief Strategy Officer Phil Potter. “Dash is currently experiencing its breakout moment right now and we want to be able to provide our growing customer base with seamless access to one of the rising stars in our space. Bitfinex prides itself on being the world’s largest digital asset exchange by USD. We expect an incredibly strong market for Dash and we look forward to a tremendous partnership with their team.”

Will additional support by global exchanges help Dash maintain its current momentum?


Image courtesy of Bitfinex, Shutterstock

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Bře 01

Top 3 Cryptocurrencies Easily Outperform S&P, Dow Jones in February

· March 1, 2017 · 10:30 am

After a slow or turbulent start of 2017, the global cryptocurrency market picked up the pace and really hit its stride in the month of February.


Momentum. That seems to be the word that best describes February as nearly every top decentralized digital currency has seen growth and reasons for optimism as Spring approaches. Let’s review what the state of affairs is for the top five cryptocurrencies as they head into March.

February: Bitcoin Best Performing Asset Again

The market leader had a much less volatile month, after seeing swings from $1,100 USD to $775 USD early on in January. Over the last four years, Bitcoin has proven to be very cyclical and consistent, with January always being a month of great swings in value.

Now, that regulations in China have been levied, Bitcoin has seen consistent growth, adding 30% in market value for the month, easily beating mainstream indices like the S&P 500 (4%) and the Dow Jones Industrial Average (5%).

Bitcoinist_Dow Jones

With optimism, or speculation, about the March 11th SEC decision on the Winklevoss ETF looming, Bitcoin remains near its all-time high at about $1,195 USD with a market cap of well over $19 billion.

Will a defeat cause Bitcoin to go into a tailspin in March?

Ethereum Enchants Enterprises

The young smart-contract-based blockchain is doing very well in 2017, almost doubling in market value since January 1st. If anything, ETH has been a model of consistency so far; consistent gains. According to CoinMarketCap, ETH has gone from $7.99 at the start of the year, to about $10.70 on February 1st to $15.75 today, nearly doubling in value in the first two months of the year.

4

The Enterprise Ethereum Alliance, officially announced yesterday, which includes mainstream superpowers like ING, Microsoft, JP Morgan, and Intel should only enhance Ethereum’s market value and attract new partners in the future.

Dash Dazzles

The only major player doing better than Ethereum right now is Dash, which has recently jumped from out of the top five in market cap to third behind the aforementioned. Dash has gained an astonishing 68% within just the last week alone and has more than tripled in value sine January 1st.

chart

The new Dash 12.1 release (Sentinel), a new mainstream agreement with payments provider BlockPay, and positive feedback from “Bitcoin Jesus” Roger Ver have bolstered its value in Q1.

Ripple & Litecoin Lackluster

Ripple made news last year as a potential future replacement for the vaunted SWIFT international banking payment network but has generated little buzz since. Litecoin also has fallen on hard times, with an inability to capitalize on Bitcoin’s demand.

It appears that investors are flocking to Dash and Ethereum instead, as Litecoin hangs on the vine, falling form second-best behind Bitcoin, to barely in the top five ahead of Monero. Somebody call the PR Department, STAT.

Which will be the best performing currency in 2017? Share your thoughts below!


Image courtesy of Enterprise Ethereum Alliance, Shutterstock, Coinmarketcap.com

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Srp 16

Bitcoin Price Sluggish, But Technical Indicators Still Bullish

Source: bitcoin

Bitcoin Price Sluggish, But Technical Indicators Still Bullish

Since our last price piece, Bitcoin was finding itself creeping along a downwards trajectory, dipping down to $560. However, having stabilized, the price seems to have stalled out around the $570 mark at press time.

Also read: Bet on MMA with Bitcoin: UFC 202, McGregor vs. Diaz

Capital On the Move

 

Bitcoin capital is on the move, as the price of some top altcoins have been given a boost in the wake of Bitcoin’s price slump. Increased altcoin capitalization coinciding with a Bitcoin price decline may not be a coincidence, with cash potentially flowing out of the BTC economy straight into other cryptos.

As evidence of this, the so-called “3.0 cryptocurrency,” DASH, has seen the biggest price jump of the month. The currency began the month of August trading at $9 and rallied to $15 before downward price pressure brought it back down to $13.

Meanwhile, the distributed-computing MaidSafeCoin was also given some momentum as it climbed to a high of $0.15, which was double what it was in the beginning of the month. However, it too has taken a bit of a tumble since then, with the price now back down to $0.10.

 

Trader Confidence Still Low

 

As the crowd continues to sell, the bearish price activity has continued with the Bitfinex hack still fresh on the minds of most traders. Although the event is already a few weeks old, mainstream media outlets took the story and ran — providing fuel to the fire as it continued to negatively impress public opinion about the cryptocurrency.

Unfortunately, not helping matters was the decision by the Bitfinex team to socialize the losses caused by the hack. The decision was an unpopular move among the community and will involve everyone on the exchange, thus evenly distributing the loss of 119,756 BTC among its clientele — even tapping into non-bitcoin account balances to help cover the losses.  

Long-Term Projections Sing a Different Tune

Although current prices are slumping, technical indicators are still looking bullish. This suggests that the current slump will only be a short-term phenomenon caused by unexpected changes in fundamentals. In other words, the slump is simply a technical correction that will soon lead to a price reversal on its way to a more bullish future.

What do you think will happen to Bitcoin’s price? Let us know in the comments below!


 

Images Courtesy of Bitcoinist.net, 2ndskiesforex.com

The post Bitcoin Price Sluggish, But Technical Indicators Still Bullish appeared first on Bitcoinist.net.

Bitcoin Price Sluggish, But Technical Indicators Still Bullish

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Review of the Baikal 150 mh/s X11 DASH ASIC Miner

Source: bitcoin

Baikal X11 150 mhs ASIC

Until the new X11 miners hit the market, ASICs have been mostly for Bitcoin/SHA-256 and Scrypt coins, other than a few test runs of other algorithms.  

Also Read:  KickAssTorrents Moves to the Darknet With Tor

The development and production of ASICs is not cheap and not as simple on many of the algorithms due to memory and other requirements. One of the first new ASICs to hit the market is the Baikal X11 miner which can mine DASH as well as other coins using this algorithm.

IBeLink and Pinidea also have X11 ASICs out as well which we will be reviewing in the near future.

The Baikal X11 miner produces on average 150 mh/s on 39 to 42 watts of power. Each miner is very small as well. Lets get to the specifications.

Baikal X11 Specifications

  • Hash Rate: 4x ASICs for 150MH/s(±10%)
  • Power: 40W (±5%) @ 0.27J/MH at the wall , with 25℃ ambient temp
  • Power supply: DC 12V 5A Power Adapter with @2.5 DC Plug
  • Interface: OrangePi Controller, Ethernet
  • Dimensions: 140mm (L) x 100mm (W) x 95mm (H)
  • Weight: 475g

The first thing you will notice is how small the Baikal is. With an OrganePi connected to the bottom of the board, a heat-sink fan on the top with standoffs holding them all together. There is really not much to it.

Plugging it in, you will need the proper DC plug to fit.  For this one we used a PCIe to 2.5 DC barrel plug. The miner’s interface is robust, even including terminal support within the app. Baikal offers the images and basic start guides as well.

One of the interesting and welcome aspects is the mining pool setup. On the left hand side is listed many of the popular mining pools for DASH and other X11 coins. Some of them pay in BTC even, which for those who like to mine and auto convert, you are all set. The left hand choices will auto-populate the pool info and you just input your worker info be it a DASH or BTC address based on which pool you are using or the worker name for those that require it.

 

There are not many X11 coins currently, and the most popular is DASH.  For the first part of the test we mined at a P2PoolMining’s DASH pool.

The Baikal has been working like a champ on the pool, running between 150 mh/s and 155 mh/s. It has at times for sustained periods ran as high as 160 mh/s with no overclocking or special cooling other than what it ships with.

One of the things that is not so clear in the documentation was what the password is to log in to the control panel. It is “baikal,” all lower case.

The OrangePi that runs it is setup on DHCP, so use something like AngryIP or other internal network scanner to find its IP.

As we stated earlier in the article, the pool setup screen is simple and powerful. The main page in the control panel gives a full slate of stats frequency, current hash rate, share time, if your pools are alive etc all in one place. There is an easy backup and restore of settings and configuration.

Mining results on LTCRabbit were just as good, with no downtime and few fluctuations. The variety of pools to mine on is welcome, unlike the Bitcoin mining industry, which has seen fewer and fewer pools to mine on. In the alt-coin scene, there are many pools with more being added all the time.  Several multipools keep the revenue streams for alt-coin mining wide as well.

Baikal makes available the OrangePi image and updates for the miner from their main page. The base software they built on is Ubuntu for Arm processors which helps for those wanting to navigate via the terminal.

Also of note: on the pool setup panel are several other options from restarting cgminer to adding custom sgminer commands right from the GUI. These handy features make the Baikal X11 miner a good one for novice miners.  The ability to go into the command line makes it an inviting option for the experts as well.

The Baikal X11 miner is a nice surprise for a new ASIC and and hardware company. The ease of use, feature rich control panel along with power sipping mh/s to watt ratio is excellent.

The miner itself is an elegant, yet simple, set up with the layered approach. It has the ability to chain several of them together and stack them.  That expansion ability is great and reminds of us of how BTCGarden Bitcoin miners were able to be strung together into quite large setups.

DASH Network Sees A Spike in Hashrate and Difficulty

The team at Baikal has been excellent as well. During the whole review process, they were available for calls on Skype or email. They are also active in the DASH forums for support and answering questions.

The DASH network, as well as other X11 coins like DigitalCoin and StartCoin, have been seeing their hash rates increase steadily over the last couple months as the new X11 ASICs have hit the market.

In DASH’s case, in a conversation with Evan Duffield at the 2016 Miami conference, he stated that they welcomed the arrival of ASICs as it would make the network more secure.  At the time X11 ASICs were a closely held secret by the devs of the ASICs, so there was some skepticism as to them being real or not.  We can say they are real and they are becoming more and more available outside of China.

The community response to ASICs finally coming out for DASH have been mixed. Many people cannot wait to get some X11 ASICs, yet others are upset as they feel the rising hash rate and difficulty will drive the value of DASH to pennies or lower.  The current DASH value is hovering around the $7.60 USD range.  It will remain to be seen as to if the value goes up or down over time. One of the many things that determines a coins value is its usefulness and use cases. DASH has been steadily working on being accepted in more places and even debuted a DASH soda machine at the Miami 2016 conference.

Overall, the Baikal miner is an excellent buy, and having the lowest power consumption of the three available X11 ASICs gives it a boost over the other offerings. Large and small installations should be no problem with its chaining ability.

The chip has reportedly been made on the 40nm base, so expect some excellent leaps in power as they go through successive generations of chips. Deployment and management is simple. We have been very happy with the Baikal X11 DASH ASIC miner.

Stay tuned as we are going to have a very busy next few weeks reviewing new ASICs for Bitcoin and other algorithms, as interviews with many people in the manufacturing industry.

What are your thoughts on X11 ASICs hitting the market?


Images courtesy of Baikal and Bitcoinist.net.

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Review of the Baikal 150 mh/s X11 DASH ASIC Miner

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Marco Streng of Genesis Mining on Ethereum and DASH Mining




Source: bitcoin

Genesis Mining

Genesis Mining is one of the few cloud mining organizations to actually fulfill their obligations to their customers as well as a huge advocate for the Bitcoin and Cryptopcurrency industry.  Since the beginning of 2016 the mining industry has seen a lot of shifts, as well as new coins to mine that are wildly popular like Ethereum.

Also Read: US Banking Regulators Warn About Imminent Swift Attacks

Genesis Mining quickly expanded their GPU mining capacity to fulfill the growing demand for Ethereum mining as well as other algorithms like DASH.  We were able to chat with Marco Streng the CEO about the recent developments and some future things to come from them.


 

Could you go over a bit about how you were able to scale GPU mining back up so quickly for the Ethereum POW?

Marco Streng (MS): Scaling GPU mining capacities is a science for itself especially since rigs have to be built from lot of parts and deployed in the most efficient way in the facilities. Our engineers worked literally non stop to expand as quickly as possible.

How will you handle the contracts if Ethereum decides to end the POW before contracts are up?

MS: We will handle it in the best way possible and switch the algo to X11 where we mine the most profitable cryptocurrencies with it.

Hive Data Center Management Software A Robust Enterprise System

I had early access to the Hive architecture that Genesis Mining built to manage their data centers and those of their large customers.

It has a very user friendly interface as well as a robust back-end that allows for the smallest details to be controlled.  From contract length, pool management to miner settings in a simple panel setup. Hive also quickly gives alerts so repairs and maintenance can be done pinpointing where the problem is and what it is.  These features are needed in large deployments especially when you provide hashing power to 1000’s of customers.

Could you tell us a bit about the Hive software you use to manage all the miners and accounts?

MS: Sure, as you know we have developed Genesis Hive from the beginning on and optimized it specifically for large scale build outs. Large scale meaning build outs of more than 1000 mining units. Hive is helping us tremendously in managing our farms. It provides a great overview of the whole operation but also gives you detailed information about all technical data of each miner. With features like auto frequency tuning it automatically adjusts frequencies to reach optimal performance of the whole mining operation. Together with Hive just 1 engineer can maintain an operation that normally would have to be maintained by a lot more manual workers.

Genesis Mining Advocates for the Bitcoin and Cryptocurrency Industry

What are some of the upcoming things you could tell us about now?

MS: Enigma was certainly a major milestone for us. Coming up we will expand our infrastructure continuously further. Also we want to continue our efforts bringing Bitcoin to the masses with our #ExploreBitcoin campaign. In this regard we are launching the Bitcoin education center that will educate people who are new to Bitcoin and want to know more about it. It will feature an introductory course to Bitcoin as well as interviews with industry leaders from Bitcoin and from markets where Bitcoin has big potential such as remittance market etc…

You were a close partner with Spondoolies did their closure effect you or will it in the near future?

MS: Spondoolies Tech was a great company, with great people and best quality products. Going forward not everybody can win the race of chip manufacturing. I am glad we are in an independent position and are always able to choose the most efficient machines on the market when deploying new farms.

Were you as excited as many of us were when GPU mining came back into the profit mode with Ethereum and DASH?

MS: Yes, we always were. I think both, Dash and Ethereum are two great examples of cryptocurrencies that have high potential and real innovation behind. Additionally their communities are strong and growing.  We mined Dash (former Darkcoin) from the early minute on, supported their community and even accepted payments in Dash directly from the beginning.  Also for Ethereum, we were big believers from the first minute on. We used a significant portion of our capacities to directly start mining after the launch and expanded the farms ever since. Our Enigma farm is just the tip of the iceberg now being the worlds largest Ethereum farm.

Being part of the whole cryptocurrency revolution makes me very happy every day. I guess we all can’t imagine how much this ground for innovation can change the world. Exciting times ahead!





 

Thank you, Marco, for your time. Genesis Mining continues to grow and adapt to changing markets and continues their advocacy in the industry. While many cloud mining providers have come and gone, as well as many scams, Genesis has stood strong.

We look forward to seeing their education center and #ExploreBitcoin campaign roll-out.  We will keep you informed on how they do with this and more as it happens.

What do you think about Genesis Mining’s initiatives in the industry? Let us know in the comments below!


Images courtesy of Genesis Mining, Bitmain, Bitcoinist.net. 

The post Marco Streng of Genesis Mining on Ethereum and DASH Mining appeared first on Bitcoinist.net.

Marco Streng of Genesis Mining on Ethereum and DASH Mining




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Čvn 04

Node40 Announces New Price Points For Dash Masternode Hosting

Source: bitcoin

Node40 Price Points

Albany, NY Node40, the innovative masternode service provider, is announcing the addition of new price breaks for its users.

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

“We’re constantly looking for ways we can save our customers money and remain competitive in this ecosystem,” says Node40 co-founder Perry Woodin. “The partnership we have with our customers is unique in the cryptocurrency space.

Woodin adds, “Node40 consistently brings both value and stability to an environment that sees unpredictable ups and downs.”

Previously, customers paid 3.25 dash per month, with a 5 percent discount for buying six months of service at one time, or a 10 percent discount for a 12-month bundle.

Now, Node40’s base price is 2.98 dash, with the following discounts allocated:

  • 5 percent off for a three-month subscription
  • 10 percent off for a six-month subscription
  • 15 percent off for a nine-month subscription
  • 20 percent off for a 12-month subscription

With its service, Node40 aims to “[automate] the commissioning process for Dash masternodes, and [supply] a monitor for you to view the health and valuation of your nodes.”

The commissioning process is automated via the Masternode Setup Wizard. Customers enter a public key into the wizard and Node40 will spin up a new server in real-time.

After setting up the new server, the company will generate the masternode.conf line item for the customer’s wallet. The user can then send one month’s payment and remote-start their masternode from their local wallet.

Masternode monitoring comes free with the remote hosting service. Operators can monitor as many nodes as they want through Node40, even if they aren’t hosted with the company.

With its health monitor and automated repair feature, Node40 also monitors their hosted nodes and implements “automated services” that will immediately fix detected issues.

The company is working on a financial reporting tool as well, which will allow customers to track their Dash transactions across multiple wallets, ensuring accurate capital gains reporting to the IRS at tax time.

Dash users can host a Dash Masternode through Node40 in four easy steps:

  • Create an account
  • Acquire Dash at your favorite exchange or through the company’s ShapeShift.io integration
  • Commission a node with the setup wizard
  • Enjoy the passive revenue from your new masternode!

About Node40

Albany-based Node40 focuses on incentivized nodes — nodes that pay operators for participating in the network. They are the premier Dash masternode hosting company founded by Perry Woodin and Sean Ryan in 2015. In the world of distributed Peer-to-Peer (P2P) decentralized blockchain applications, stability is of paramount importance. Node40 was founded to make it easy for anybody who wants to participate in supporting P2P networks like Dash.

For more information, please visit: node40.com.

Media Contact

Brandon Kostinuk

Communications Lead

b@vanbex.com


Cover image courtesy of sf.co.ua.

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Node40 Announces New Price Points For Dash Masternode Hosting

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Čvn 01

Dash: The Original DAO

Source: bitcoin

Dash: The Original DAO

The rise of Ethereum’s The DAO is certainly cause for excitement. However, for Dash, the prospect of successfully operating a decentralized autonomous organization is already old news.

Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services.

Created in 2014 by Evan Duffield as “Darkcoin,” Dash quickly grew from a platform for highly-anonymized transactions to a full service network for payments, project funding and decentralized governance by protocol.

Dash: Two Years Ahead

With all the talk about The DAO, people seem to have forgotten — or simply don’t know — Dash has been providing DAO-like services for a couple of years.

With its Decentralized Governance by Blockchain (DGB) functionality, anyone can propose changes to Dash. Masternode owners host monthly votes on these proposals, which range from marketing and community-based decisions to direct modifications to Dash protocol.

Dash’s project budget is funded by 10 percent of the block reward, which is entered into a fund that can be used to finance Masternode-approved projects.

Unlike The DAO, Dash funds its projects with money internal to the network, produced by miners, and controlled at the protocol level by Masternodes.

This method of funding promotes network strength, creating a positive feedback loop of internal capitalization that gets injected right back into the system for projects to improve the protocol.

The DAO, on the other hand, operates on a system of conflicting incentives, which could set the organization up for bouts of massive devaluation and ether dumping.

By requiring people to purchase DAO tokens with ether, the organization has also set up a system that turn DAO voting rights into a tradeable commodity, opening the door to  crypto-token trading and other similar perils, vulnerabilities like pump and dump schemes, fraud and theft.

DAO tokens could even become more of a target for speculative day traders than those with genuine interest in voting and developing new projects.

Meanwhile, Dash, with its “internalized” system facilitating voting across Masternode owners, pushes forward project funding decisions to protocol questions without disruption.

Decentralized Governance

Since the rollout of its DGB functionality in last August, Dash’s system has continued to evolve via Masternode voting, itself an effective — incentivized — blockchain-based system.

It’s swift and reliable decision making process has also yet to reach any roadblocks caused by internal strife, a common good buoyed by the vested stake in the overall working of Dash that each Masternode owner possesses.

But even so, based on rough documentation, the upcoming Version 12.1 update to Dash will make the DGB system even more efficient with the addition of elected project managers.

They will also specialize in certain fields, such as marketing, legal and technical, while project managers will help to hire “employees” to complete approved projects.

Further, project managers will be held accountable by the network if they do not perform to the standards of the network or misuse the allocated budget.

In addition, with the new system in place, Masternode owners won’t have to be heavily involved in projects beyond the voting stage, allowing them to use their resources to work on other areas of the Dash network.

“We’ve decided to create a structure which will allow decentralized teams to personally manage our investments for the full life cycle of each project,” said Duffield.

“We hope other projects will adopt a decentralized version of some sort of management structure as well,” Duffield continued. “We consider this a critical component of a successful implementation.”

In March, Dash laid out a more concrete outcome of Version 12.1, slating it as a plan to make Dash more accessible to mainstream users.

Duffield said that, as 12.1 gets rolled out, the core development team will turn most of its attention to creating “fiat access ramps,” which he described as “more liquid and better fiat-dash exchange services.”

Since the announcement, Dash has been integrated with Deginner, Coinapult and Crypto Capital to provide users with fiat-dash exchange services. With these “direct fiat access ramps” in place, Duffield believes that Dash will be able to move into its next growth phase.

With these real-world projects organized by the Masternode network the company has proven its viability in the space of decentralized autonomous organizations.

With a market cap of $52.4 million USD, Dash is currently the fifth-largest cryptocurrency in the world, sixth if The DAO is considered a separate cryptocurrency entity.


Images courtesy of Alpha Coders, Dash.

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Dash: The Original DAO

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Node40 Affiliate Program Takes Off, Get Dash to Help Grow Networks

Source: bitcoin

Node40

May 16, 2016 Albany, NY —  Node40 eases the barrier to user-owned and operated nodes, offering an intuitive framework for the promotion and growth of robust decentralized networks.

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

Sean Ryan

To encourage adoption, Albany-based Node40 launched an affiliate program that kicked off in early March.

“We are a company that services incentivised blockchain networks … [and] we want to let the world be a part of this amazing opportunity,” said co-founder, Sean Ryan.

Anyone with an account can request an affiliate link by sending an email to affiliate@node40.com. The link can then be used to refer our service, explained Perry Woodin, the project’s other founder.

A 10 percent credit (0.325 Dash) is supplied to the affiliate for each node launched by the customer. For the customer, a 50 percent credit (1.625 Dash) is provided for the first node and must be used within six months.

Perry Woodin

Node40 is based on simplicity and convenience and frees cryptocurrency investors from the technical hurdles and the time commitment needed to run masternode servers on the Dash network.

Their service also offers masternode monitoring and single-owner masternode hosting. Further, as the masternode service provider for Dash, Node40 users can participate in Dash budget proposal voting, and direct exchange from bitcoin to Dash through the ShapeShift.io API.

In the world of distributed peer-to-peer (P2P) decentralized blockchain applications, stability is of paramount importance. Without stable nodes, the network can experience issues.

The project’s greatest strength is its exceptionally stable hosting environment that offers seamless and ceaseless uptimes necessary to sustain steady customer revenue streams.

A partnership with Node40 is the easiest way to turn a cryptocurrency into a revenue stream. Owning and operating one’s own node, or nodes, using the company’s platform is the easiest way users can capitalize while helping maintain a robust P2P network.

For more information visit Node40.com.

About Node40

Albany-based Node40 is the premier Dash masternode hosting company founded by Perry Woodin and Sean Ryan in 2015. This company frees cryptocurrency investors from the technical hurdles and time investment needed to run Dash masternode servers. The company offers detailed masternode monitoring, as well as single-owner masternode hosting, Dash budget proposal voting, and direct exchange from bitcoin to Dash through the ShapeShift.io API. Using this platform is the easiest way to turn a cryptocurrency into a revenue stream.

Media Contact

Brandon Kostinuk

Communications Lead

b@vanbex.com

Node40 Contact

(518) 478-6128

info@node40.com


Images courtesy of Node40.

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Node40 Affiliate Program Takes Off, Get Dash to Help Grow Networks

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Kvě 06

Dash: A Digital Cash System

Source: bitcoin

dash Digital cash

“Hi, what can I get you?”

“Small espresso, thanks.”

“That’ll be 2,000 Satoshis.” You scan the QR code.

“Please go to the ‘Awaiting Confirmation’ room on your left. We’ll bring your coffee once

we receive four confirmations; should be about 45 minutes. Thank you!”

This article was provided by the Vanbex Group on behalf of the Dash project.

Sounds ridiculous, right? It represents a step backward from our current user experience. But this scenario is the future Bitcoin has unless something changes.

Even though Bitcoin surpasses government-issued currency in many ways – it greatly reduces fraud, eliminates corrupt third-parties, and much more – it will never go mainstream as long as the average Joe or Jane can’t use it in everyday life. And everyday life includes lots of point-of-sale purchases.

Waiting for Confirmation

Each day, point-of-sale systems are used to fill-up gas tanks, buy groceries, or pick up a box of diapers. In none of these situations will anyone wait 10-40 minutes until the transaction confirms. Why should they? It only takes seconds with credit cards. Everyone expects payments to occur near instantaneously.

Bitcoin was originally designed as a digital cash system, but cash has two important properties: (1) it “settles” immediately (assuming the cash isn’t counterfeit); and (2) the payment happens instantaneously, i.e., as soon as the cash changes hands.

Since Bitcoin is much, much harder to counterfeit than cash, it represents an advance over cash in settlements, but as currently configured, Bitcoin is a step backward in payment processing.

Until confirmations happen, Bitcoin is susceptible to double-spending and fraud. So you want that cup of coffee? Please wait!

Consider the way Bitcoin handles transactions. Essentially, through the magic of cryptography, each transaction gets confirmed on the blockchain, and once confirmed, that transaction can’t be repeated or spent again. (Of course, a transaction should receive multiple confirmations – perhaps two to six – before it is considered fully secured.)

The process of finalizing a transaction is comparable to settlements in the modern banking world, but bank settlements can take as many as 45-60 days. With Bitcoin, the settlement time has been reduced to under an hour, which is an amazing advance.

Bitcoin is a powerful settlement engine that ensures transactions are free of fraud and multiple spending. But for a merchant, being susceptible to chargebacks two months is not acceptable.

In a Hurry? Use Dash!

Most customers, however, don’t care if the settlement takes 60 minutes or 60 days; let the merchant worry about that. Although Bitcoin shines when it comes to quick settlements, it cannot, as currently designed, safely speed up payment processing.

Some Bitcoin companies offer services that make sophisticated guesses on the likelihood a transaction will be double-spent. If they guess wrong, they back it up by paying the lost bitcoins to the merchant themselves.

But this solution to confirmation lag seems like something from within our antiquated credit card system, something centralized and open to exploitation. What’s needed is a solution at the protocol-level, embedded in the cryptocurrency itself and such a solution already exists in Dash, a cryptocurrency based on Bitcoin.

Using a technology called “InstantX,” Dash can secure transactions immediately (in less than 4 seconds), preventing double-spends and fraud. All the while Dash, like Bitcoin, still settles transactions through blockchain confirmation, making it a complete settlement and payment system.

How does it work?

InstantX depends on Dash’s innovative “Masternode network,”  which doesn’t exist in Bitcoin.

Bitcoin’s network relies on altruistic supporters to host nodes. Dash, however, boasts a powerful network, a second-tier of servers, which are incentivized with block rewards for being the backbone of the Dash network.

For InstantX, these Masternodes work together in what is called “quorums.” A quorum of 10 randomly-selected Masternodes “locks” the transaction, so that even during the lag time between payment and confirmation, it can’t be double-spent. (More technical details can be found in the InstantX white paper).

Dash: True Digital Cash

The InstantX system does not represent an untried theory; it has already been implemented and used in the real world. In January of this year at the Miami Bitcoin Conference, some Dash enthusiasts introduced the “Dash ‘n Drink” soda machine from which sodas could be purchased using Dash.

Someone could create a Bitcoin soda machine, too, but it would be horribly open to double-spends, because customers could simply redirect the bitcoins they just spent while walking away with their cold beverage. Dash’s InstantX makes this impossible; the transactions are locked before they can even hit the bottom of the dispenser. Most likely, the transaction will also be settled before the can is warm. A win-win for the customer and the merchant.

Bitcoin imagines itself a digital cash system. However, it would be more accurate to call it a digital “half-cash” system. It handles settlement nicely, but falls flat in the arena of instant payments. Dash is truly digital cash.


Images courtesy of Freedom Outpost, Dash.

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Dash: A Digital Cash System

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