Dash is a proof of work cryptocurrency which has a block generation every 2.5 minutes, which means a transaction could be confirmed in that time period of 2.5 minutes. Note : The average block time can actually be slightly shorter or longer depending on if the total hash power of the Dash network is growing or shrinking. Dash also developed an instant confirmation and locking system through its masternode network, which enables it to have transactions confirmed and locked against double-spending in 4 seconds. It is called InstantSend, there is a small fee to pay and its an optional choice for users. Link : https://dashpay.atlassian.net/wiki/display/DOC/InstantSend |
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https://en.m.wikipedia.org/wiki/Scarcity_valueI belief the scarcity of a coin can have a direct impact on its price. I also belief a lot of hype around coins who have larger circulating supply (less scarce), can also have a direct impact on its price. Thinking back at the time when Bitcoin got its blockrewards cut with 50%, i'm pretty sure a large price increase followed. Dash has an annual 7% cut on its blockrewards, consistently reducing the circulating supply over time, i belief this too will have an effect on its price. Just like Bitcoin next blockreward halving in 4 years will (again) have a direct impact on its price. Its simply economics at play.
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On coinmarketcap, the next highest valued coins after Bitcoin are the Ultra Rare Altcoins such as DASH (with a cap of fewer than 7 million coins) among others.
With Dash you also have to take the combined collateral of its masternode network into account. Dash has 4568 masternodes currently active, each masternode needs to have 1000 Dash reserved and verifyable to the Dash network (this collateral is kept safe in cold wallets and is in full control by its masternode owners) Dash circulating supply according coinmarketcap --> 7,433,997 Dash Masternode Combined Collateral --> 4,568,000 Dash Dash netto circulating supply --> 2,865,997 Dash |
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Interesting, thank you for the links |
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45% of each blockreward goes to masternodes 45% of each blockreward goes to miners 10% of each blockreward goes to Dash decentralized budget. To see what this means in profit terms : https://dash-news.de/dashtv/Keep in mind the VPS server will have renting costs (approx $10 per month) and will need monitoring and maintenance / updating when necessary. Basicly the network rewards the masternodes for providing important services for the network (Instantsend, Privatesend, block propagation, etc ). It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact). By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI Thanks! Very informative. 1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea... You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash collateral. link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885 There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand these are all respectable community members (some are even core-team members) with a reputation to uphold. A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet, it will be something to keep an eye on though. link : https://www.youtube.com/watch?v=4GRrLiTCq5M That is a great idea. I did not think of searching for this. Shared master node. Thanks. Will look into it. Any recommendations? I suggest you look into Splawik`s Super Shares Service (Hosting / Pooling) I had some good personal contact with Splawik and he recentely went public with his identity. link : https://www.youtube.com/watch?v=fkwVogWMIV4&t=77s&index=23&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCCAlso i suggest you compare the costs they charge you for using their services, compare them with each other. |
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45% of each blockreward goes to masternodes 45% of each blockreward goes to miners 10% of each blockreward goes to Dash decentralized budget. To see what this means in profit terms : https://dash-news.de/dashtv/Keep in mind the VPS server will have renting costs (approx $10 per month) and will need monitoring and maintenance / updating when necessary. Basicly the network rewards the masternodes for providing important services for the network (Instantsend, Privatesend, block propagation, etc ). It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact). By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI Thanks! Very informative. 1000 Dash coin is a very high cost in fiat terms.. May need to skip this idea... You can also look into setting up a shared masternode with other community members, that way you are personally not bound to that 1000 Dash collateral. link : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885 There is a catch though, most of these are "trusted" hosting providers meaning you have to trust them with your Dash. But on the other hand these are all respectable community members (some are even core-team members) with a reputation to uphold. A trustless solution will come at some point with Dash Evolution through decentralized masternode shares but that will take time before it will hit Mainnet, it will be something to keep an eye on though. link : https://www.youtube.com/watch?v=4GRrLiTCq5M |
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45% of each blockreward goes to masternodes 45% of each blockreward goes to miners 10% of each blockreward goes to Dash decentralized budget. To see what this means in profit terms : https://dash-news.de/dashtv/Keep in mind the VPS server will have renting costs (approx $10 per month) and will need monitoring and maintenance / updating when necessary. Basicly the network rewards the masternodes for providing important services for the network (Instantsend, Privatesend, block propagation, etc ). It rewards masternodes in Dash directly from the blockchain every 8 days with a few conditions tied to it (masternode needs to be active and it's collateral intact). By the way, everybody is entitled to their own opinion but most of the people that are calling Dash a scam coin turns out to be people heavily involved in trolling other coins to promote their own coin. FYI |
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 Interesting... looks like the Dutch are on the move 
Only three ranks to go before the real battle begins...  |
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Hi guys, Could anyone tell me what the current payout for a masternode is? Google didn't make me much smarter on this. Thanks  * you can adjust currency (from USD to EUR for example) and value (from 1000 to 2000) to change valuta and number of masternodes |
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I dont get those braindead trolls who feel so threathened by a cryptocurrency's success that they resort
to making empty fud posts in that cryptocurrency's forum. Specially those that call themselfes "Crypto Specialist"
ought to know better.
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Hey bitches, are we alltimehighting?  Lets just say i'm feeling a lot of happy feelings right now... |
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 Onward and forward... Edit : i'm naming this the shock and awe pump, as i'm both in shock and in awe  Price chart speaking : with Dash breaking through the 0.08031456, Dash is now firmly positioning itself in a longterm uptrend (which could lead to a new ATH).
Welcome South Korea  |
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Thank you Evan (and tungfa) for sharing this with us. I'm glad to hear that the planning phase has entered its final stage and i'm excited to hear about all the new (and overhauled) elements that are getting introduced with Dash Evolution. The new hardware that is getting developed which specifically focusses on Dash and with keeping it secure and efficient sounds very interesting. The future looks bright for Dash While it sounds all really good and DASH follows a correct Path to become the digital world currency the dedicated hardware part worries me. I might missunderstand this but for security and cartell reasons it is no good idea when the Hardware for the Network comes from DASH itself. If it comes to that you need this specific Hardware in order to run a masternode then how can this network stay trustless? I see it like how ASIC's evolved from GPU's with regards to mining. This specific piece of hardware will support masternodes, with increased efficiency, increased security against DDOS and will comply and most likely exceed the hardware requirements (RAM, CPU) but I suspect it is an optional choice. I suspect Masternode owners can still choose to upgrade their rented servers every so often and secure it themself instead of taking the dedicated hardware route. |
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Thank you Evan (and tungfa) for sharing this with us. I'm glad to hear that the planning phase has entered its final stage and i'm excited to hear about all the new (and overhauled) elements that are getting introduced with Dash Evolution. The new hardware that is getting developed which specifically focusses on Dash and with keeping it secure and efficient sounds very interesting. The future looks bright for Dash |
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You seem to misunderstand the role masternodes play in the Dash model.
Dash masternodes provide :
* propogation of mined blocks
* a strong full nodes network which ranks third now with regards to network strength, just behind Bitcoin and Ethereum
* mixing for Privatesend, which when mixed with 8 rounds (max number of rounds to mix) will make it impossible to trace transactions back to its origin
* very fast transactions (1 or 2 seconds), while locking those transactions to prevent doublespending
(this is really one of masternodes stronger roles as it enables Dash to perform as an instant payment transaction provider)
* endusers to directly connect to Dash on a protocol level through decentralised API (Dash Evolution)
So the role of mastenodes is not to starve the supply, but rather it forms the heart of some very important operations that
make Dash so interesting.
Also i believe a proof of work model (Bitcoin, Dash) is much more secure with regards to network security in comparison with proof of stake model (Zencash). Proof of stake models can form a barrier to newcomers and can end up centralising the whole model.
As mentioned before, please change the topic of this thread so it reflect the correct cryptocurrency (Zencash) and not Monero.
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Broken record is back I'm glad it broke, it was never a good record to begin with. So i guess this means a Dash price increase is imminent, thanks Icey. |
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I gotta say thats a nice Dash pump that has been forming all day. Forward and onward.  |
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