EVERYTHING You Need to Know About Dash in Under 3 Minutes!

Hello. I’m Amanda B. Johnson and you’re watching DASH: Detailed and this is: 10 Things That You Need to Know About Dash. #1 Dash was launched in January 2014 – then called Darkcoin – by developer Evan Duffield whose ideas about privacy didn’t find much traction among Bitcoin’s core developers didn’t find much traction among Bitcoin’s core developers hence the coins distinguishing feature is a protocol-level trustless mixing service called DarkSend soon to be rebranded as PrivateSend. #2 Because it has a Bitcoin code base Dash is compatible with all existing merchant, exchange and wallet software that’s previously been written for Bitcoin. #3 Since launch Dash has successfully implemented a function called InstantSend which offers a confirmation within an average of 1.3 seconds to users who choose to pay the fee. #4 Dash’s block time is every 2.5 minutes and its mining difficulty is able to be adjusted up to every single block using an algorithm called Dark Gravity Wave. Ooohhh. #5 Dash’s mining algorithm is called X11 and it’s current ASIC-driven hashrate is roughly 500 gigahashes per second. #6 Current block reward is 3.88 Dash and this amount decreases by 7.1 percent each year giving Dash a slow and steady emissions curve nearing zero at around 22 million coins. #7 When measuring node count by market cap, Dash’s infrastructure robustness is more than an order of magnitude higher than the competitors of say, Bitcoin or Ethereum. #8 Dash’s block reward is paid out to three separate groups: 45% to miners for security, 45% to masternodes for InstantSend and PrivateSend functions, and the remaining 10% – the treasury – equaling roughly one million U.S. dollars worth of Dash per year, is paid out to developers, marketers, auditors, and anyone else who’s approved for a project. #9 Dash’s masternodes prove a 1,000 Dash collateral holding which gives them proper incentives to provide governance. Their democratic votes decide both who should get funding from the treasury, and the direction that development should go. #10 Dash’s next major development, slated to be released in late 2017 is called Evolution and will make many of the features discussed today automatic and obscured away from the user making a digital cash that yes, even your mother could use. You can learn more at Dash.org and by subscribing to this Youtube channel below. What stands between digital currency and mass adoption? Some say there has yet to be a killer app invented but if currency itself is not at least the first killer app then probably nothing is.

31 thoughts on “EVERYTHING You Need to Know About Dash in Under 3 Minutes!”

  1. I like Dash but the fact that only about 15k people use it is joke, after all this time.
    Dash has a great mind, in Evan, but they need a greater marketing/affiliate department

  2. You should post your videos on steemit.com I am sure you a lot of people there who would value your videos. Also you can earn money if people upvote you. A social media site that will pay you for content seems to be the killer app we are all looking for.

  3. Great show. Better audio would go a long way to add polish. Your voice is very signature and deserves it. A lapel mic would be much better. Indoors especially, because of the room noise and tin can resonance it causes.

  4. i'm all for regulation and regulation is necessary for any cryptic currency to go mainstream. the only reason someone would want to remain private if they are doing something illegal

  5. I am told that Dash's coin emission rate will actually near 0 at around 19 million coins, contrary to some prior predictions. Yeah, news to me! So I will keep that in mind to be explained in a future episode for better understanding. Thanks, all.

  6. Is there any way you could back up a bit? Your head looks too big and it seems obtrusive and heavy, heavy, heavy. Give me lightness please.

  7. You list a few merchants at the end of each segment, but is there market place that focuses on Dash? I am interested in selling some real estate but can't see any channels to promote it.

  8. Question: why mining that can be done by ASIC? Not what I would expect given the other features; less democratic no?

  9. Marry me. its your mind I find attractive. the hair also. I know.. dont block me. I just had a lack of good judgement and my foot was a bit down my throat. However your videos are quit insightful and stuff like that. But if ever in New Orleans, Crawfish and Hurricanes on me. It would be awesome to meet and great. even if you here for a conference.

  10. Nodes divided by market cap feels a little self serving, doesn't that just mean market cap is low? Transactions by nodes would be the interesting measure, and transactions aren't too high on it.

  11. TOKENPAY!! bitcoin on steroids.
    We all remember the starting price of bitcoin. This is set to take over. Get in early with bonuses

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