Dasv WhitePaper 1.0
1. Summary 1
2. The trend of global reserve currencies and the future of DAO model 1
• Blockchain development and the future trend of global reserve currencies 1
• The trend of DAO pattern 1
• The value of Dasv 1
3. Technical characteristics of Dasv 1
• Basic characteristics 1
DAO-pattern management and operation 1
• Pow+Pos double-layer mode and fair mining 1
• Dasv mining algorithm 1
• Dasv VS Dash 1
4.Dasv economic model 1
• What is DasvDAO 1
• Functions of DasvDAO model 1
• Campaign of ERC20 Genesis Node Launches DASV 1
• Master node election algorithm model 1
• D payment, SDK, API 1
• 51% computing power attack regulation model 1
• Dasv community voting and proposal model 1
• Dapps and cross-chain technology 1
5. Development route 1
6.Dasv distribution ratio 1
7. Summary 1
8. References 1
1. Summary
Payment models are constantly being updated in the history. From the barter exchange at the beginning, the casting of precious metals, which finally led to the evolution of paper money, to today's digital payment, the development of payment has brought more convenience to society, At the same time, however, it also caused some bad effects, one of which is currency inflation. Although in the United States the Federal Reserve controls such phenomenon, it has already been proven in the history that currency expansion will eventually cause inflation, even if this symptom will be temporarily suppressed by wage/price control or other special circumstances. For example, since the financial crisis of 2008, some countries have called for reform of the international monetary system. The former Federal Reserve Chairman, Paul Volcker, also pointed out that global economic integration necessarily requires the use of a single currency worldwide. The United Nations (2009) reported that the U.S. dollar is flawed as the world's major reserve currency, and discussed special drawing rights (SDR) or the issue of a new currency (such as Bancor) to deal with the issue of international liquidity. Establishing a single sovereign currency will surely be the best pattern of the future international currency system, but this solution is not easy to operate and cannot be achieved in the short to medium term because there is not a World Government to promote and supervise a single global currency.
While all countries were discussing how to replace the global reserve currency, a person with a pseudonym Satoshi Nakamoto posted in a forum: "Bitcoin, a peer-to-peer electronic cash system". Bitcoin is a kind of digital currency based on a distributed network. There is no distribution center, and the total amount is constant. It has mechanisms such as halving every 4 years, pow mining consensus, p2p network and so on. Mode to make transactions more open and transparent, use the longest chain Pow mode to verify transactions, prevent 51% node attacks and ensure payment security. This series of rules make Bitcoin more unique and convincing. This is the Bitcoin consensus that has been trusted by people for decades.
With the development of payment models, the Dasv team constantly pays attention to digital payments and privacy payments, and has also been discussing how to achieve fairness, node security, cross-chain, DApp and other technological goals since 2019. With the achievement of technology and the development of blockchain communities, Dasv has made a major breakthrough and will eventually launch Dasv in DAO pattern. Based on DASH, the Dasv community redevelop and innovate a new Pow+Pos mode, which will give a better incentive system to developers, supernodes, miners and other ecological members.
Dasv is a brand new digital currency with major improvements in terms of payment and incentives. In the era when digital payment is king, Dasv will inevitably become a member of the digital payment era. The Dasv team adheres to the principles of Dash to create Dasv. Focusing on the DAO model, Dasv has a simple and fast payment mechanism, and also enjoys privacy protection, ease of use, equitable mining, etc. Dasv has arrived, while digital payment has not arrived yet.
2. The trend of global reserve currencies and the future of DAO model
• Blockchain development and the future trend of global reserve currencies
Different from the information society created by Internet technology, the blockchain, which combines the consensus mechanism, P2P, cryptography, game theory, distributed storage and other technologies, uses program code to take over the economic wisdom and rules accumulated in human society for thousands of years, and replaces social uncertainty with mathematical certainty, so that human beings can exchange with any individual in the world "without trust", all values can be digitized and flow regardless of time and space. Human beings will truly step into the digital society from the information society.
The economic changes brought by the blockchain have completely simplified the existing business rules. The social transaction costs have dropped significantly again, and it has also profoundly changed the past concepts of business. Empiricism may make it difficult for us to get a full picture of this new continent, and we need to temporarily get rid of path dependence and reimagine the world.
Based on the blockchain, Bitcoin has been running for 11 years, with a market value of 187,000,831,965 USD, and the consensus of Bitcoin has been reached by tens of millions or even hundreds of millions of people. We believe that distributed collaboration and distributed autonomous organization are the development path of future human society.
• The trend of DAO pattern
What is distributed autonomous organization? In fact, it is exactly the heated DAO. In the field of blockchain, DAO is usually called "Community". The property of most blockchain projects belongs to the community, not the company or the R&D team. Indeed, in terms of appearance, DAO is very close to community, and DAO often firstly shows itself to the world in the form of a forum or community. However, DAO does not equal to community. DAO is a loose community of interest formed on the basis of Smart cONTract and tokens. The members have the same goal and loose relationship of cooperation, while their interest structures are highly coupled.
DAO usually takes the project as the core, uses tokens as proof of value circulation and incentives, and uses smart contracts to determine member collaboration and distribution mode of interests. There is no clear division of identities among members, such as investors, developers, partners, operators, consumers, etc. All members will become a part of the DAO by holding tokens, and they will participate in the development and decision-making of the DAO. Because of the self-organizing nature of DAO, compared with traditional institutions, DAO can grow at a high speed in a short period of time, while internal collaboration costs (transaction costs) will not increase simultaneously, and may even become lower. Members can independently seek the shortest path through the continuous optimization of the smart contract structure, so that the organization can continue to expand while still maintaining efficient collaboration capabilities and a unified development direction. Furthermore,DAO uses smart contract pattern to make the structure of DAO more open and fair, creating a distributed unattended autonomous organization.
Bitcoin is the first application running on the blockchain network. Considering the characteristics of DAO, some people also think that Bitcoin is the first DAO in history. It is an organization operated by miners and nodes. Community developers and other groups also use Bitcoin to coordinate. The motivation of miners to participate in Bitcoin is mainly to mine rewards. If miners produce effective blocks, it will receive participation contribution rewards and earnsome Bitcoin. Developers who make contributions will also receive rewards from the Bitcoin community.
To be realistic, participants will actively contribute to the DAO only if they are fully motivated. Bitcoin has proven the feasibility of allowing participants to continue contributing to the community, and the motivation to contribute to Bitcoin is immediate and without delay.
However, how to make specific incentives is something that all DAOs need to consider. An important reason for the failure of Ethereum The DAO is that the motivation for participants to participate in voting is the reward of project and the value enhancement coming from the rise of token price in the secondary market. These are completely different from the motivation of Dash participants. The motivation of Dash voters is the long-term appreciation of the Dash value they hold. They vote for valid proposals and block bad ones, which greatly saves incentive costs.People make beneficial choices spontaneously. The goal and the economic model of the community of interest are particularly worthy to study.
• The value of Dasv
Dasv is further upgraded on the basis of Dash, using smart contract rules to be fairer in voting, adhering to the principle of "code is law". Dasv improves the original node reward mechanism and the miner's incentive model. The Dasv organization will use smart contracts and cross-chain technology to improve and realize truly distributed autonomous organizations.
3. Technical characteristics of Dasv
• Basic characteristics
◦ A total of 21 million, never issue more, decline by 10% every four years
◦ 0 pre-dig , attenuate 10% every four years
◦ 2.6 minutes of block time, 2MB block size, 56/TPS per second
◦ Total mining rewards account for 95% of the total
◦ Instant transactions, support for scalable private transactions
DAO-pattern management and operation
• Pow+Pos double-layer mode and fair mining
Distribution ratio of mining revenue:
▪ 10% for community operation and maintenance team
▪ 55% for miners
▪ 35% for the master node
Pos smart contract model: The number of genesis nodes running for the master node is 50, and each node is 10,000 USDT. There is no desire to mine any coins, so as to achieve true fairness.
• Dasv mining algorithm
Dasv uses X11 mining algorithm, and increases some DAO mechanism on the basis of that. The inventor of X11 algorithm is Evan Duffield, the founder of DASH.The algorithm was based on the eleven most secure encryption algorithms at that time, aiming at reducing power consumption and ensuring the fairest distribution of Dash in the early stages of the network. Different from Bitcoin, which relies on a single algorithm , X11 also provides special protection against possible weaknesses in one or more hash functions.
The dual control of the dark gravity wave difficulty adjustment algorithm and smart contract DAO pattern makes the mining and economic system more transparent, so as to achieve the goal of fair mining. In the architecture based on the DasvDAO algorithm, the early-stage smart contracts will dynamically adjust the stability of mining, the speed of block generation, and the difficulty of mining, so that there will be no crazy block explosion and computing power attack problems in the early stage. Dasv community members who participate later will enjoy more fairness and justice. (Note: DasvDAO is the core algorithm of Dasv , which will be explained in detail in the economic model below.)
• Dasv VS Dash
https://i.imgur.com/b3Pe2ne.png• From the comparison we can see, Dasv has more advantages than DASH. Dasv are more suitable for the current market no matter in the aspect of mining incentive, double-layer model management, model of economic recession, or mining algorithms, etc. We believe that the Dasv, which upgraded from Dash, will be easier for the community and the majority of blockchain enthusiasts to accept.
4.Dasv economic model
• What is DasvDAO
The DasvDAO model is Dasv’s core algorithm and smart contract architecture, protecting the various regulatory systems and double-layer systems in Dasv. It also plays an important role in subsequent proposals, the maintenance of the DAO model, D payment model, docking of Dapps, the development of cross-chain technology and Dasv’s birth. Without DasvDAO, Dasv will lose all.
• Functions of DasvDAO model
• Campaign of ERC20 Genesis Node Launches DASV
◦ Firstly, the primary node and the circulating coins are generated through the ERC20 smart contract creation node election mode. The genesis node ratio is 5% of the total, and the first batch of primary nodes are generated from them. Anyone holding DASV of more than 10,000 can become one of the master nodes, and then the best master node will be chosen through election.
◦ Pseudocode of genesis node election:
• pragma solidity ^ 0.4.16;
• contract CampaignNode {
• function CampaignNode (
• address ifSuccessfulSendTo ,
• uint fundingGoalInEthers ,
• uint durationInMinutes ,
• uint weiCostOfEachToken ,
• address addressOfTokenUsedAsReward ) {
• beneficiary = ifSuccessfulSendTo ;
• fundingGoal = fundingGoalInEthers * 1 ether;
• deadline = now + durationInMinutes * 1 minutes;
• price = weiCostOfEachToken * 1 wei ;
• tokenReward = token ( addressOfTokenUsedAsReward );
• }
• function () payable {
• require (! CampaignClosed );
• uint amount = msg.value ;
• balanceOf [ msg.sender ] + = amount;
• amountRaised + = amount;
• LogAmount (amount);
• tokenReward.transfer ( msg.sender , 1000 * (amount / price));
• FundTransfer ( msg.sender , amount, true);
• }
• }
•
• Master node election algorithm model
◦ When the community initiates a node election, the participating communities need to provide a certain amount of tokens to destroy to qualify for elections. At the same time, after the election, the tokens on all participating addresses will consume 10% of the proportion , and the address will be announced All DASV members monitor community development and equity
◦ Masternode election pseudocode:
• For ( mastenode in masternodes ) {
• n = masternode.CalculateScore ();
• if ( n> best_score ) {
• best_score = n;
• winning_node = masternode ;
• }
• }
• CMasterNode :: CalculateScore () {
• n1 = GetProofOfWorkHash ( nBlockHeight );
• n2 = Hash (n1);
• n3 = abs ( n2- masternode_vin );
• return n3;
• }
•
• D payment, SDK, API
◦ Dasv payment mainly aims at convenience and efficiency. In the future, it can connect with multiple language SDKs and RESTful APIs, such as Java , Golang, PHP, Python and other languages. At the same time, it also introduces more third-party blog payments, such as Wordpress plugin, Hexo plugin, Hugo plug-in, etc.,which can quickly access the payment model, making digital payment more convenient and fast.
◦ Dasv payment wallet. Using D payment wallet can directly achieve fast transfer, payment, stable currency exchange, cross-chain transactions, Dapps and other entertainment/payment functions. D wallet will be an ecology in the future, which can realize the inter-chain chain Leap across and form a true blockchain ecosystem.
• 51% computing power attack regulation model
◦ To prevent 51% hashrate attacks, Dasv will run a heartbeat check to ensure the number of master nodes online.
◦ Develop a new DasvQuorum based on Dash ChainLocks , and add a Pos double-layer mode based on the master node's selection of pseudo-random mode, ping detection, hot and cold start, LLMQs, etc. to solve 51% attack algorithm problems in the future .
◦ Dasv and in compliance with Nakamoto Bitcoin 0.3.2 increase the checkpoint mentioned versions ( Checkpoints possibility perfect) method of attack, Checkpoints written as smart contract, in the absence of the co-sponsors of the community will not be the case Embed new pseudo nodes.
• Dasv community voting and proposal model
◦ Any blockchain project will encounter proposals, Pr to strengthen the integrity of the community and the project, and Dasv launched a voting proposal based on the Pos + Genesis Master Node + Community Campaign Node model to ensure that everyone in the community can Conditionally participate in the development of Dasv .
◦ Voting pseudocode
pragma solidity ^ 0.6.2;
contract Voting {
mapping (bytes32 => uint8) public votesReceived ;
bytes32 [] public candidateList ;
function Voting (bytes32 [] candidateNames ) public {
candidateList = candidateNames ;
}
function totalVotesFor ( bytes32 candidate) view public returns (uint8) {
require ( validCandidate (candidate));
return votesReceived [candidate];
}
function voteForCandidate ( bytes32 candidate) public {
require ( validCandidate (candidate));
votesReceived [ candidate] + = 1;
}
function validCandidate ( bytes32 candidate) view public returns (bool) {
for ( uint i = 0; i < candidateList.length ; i ++) {
if ( candidateList [ i ] == candidate) {
return true;
}
}
return false;
}
}
• Dapps and cross-chain technology
◦ The development of the blockchain will definitely have epic applications in the future. For an important development in the Dasv ecosystem, Dapps and cross-chain technology will be launched in the SDK model, making blockchain cross -chain transactions It is more convenient and quick, and it can be used out of the box.
5. Development route
6.Dasv distribution ratio
• Dasv total 21 million, constant total
• Chinese name Dasv , English name Platypu
• Abbreviation: DASV
• The number of creation node elections is 5% of the total
◦ The first members of the community through the creation of total campaign distribution node 5% , 1 Ge DASV = 0.47 Ge USDT
• Mining output is 95% of the total
◦ 55% to miners
◦ 35% reward to the master node
◦ 10% to the community operation and maintenance team
7. Summary
• As a user of a cryptocurrency, you must also care about the organization and decision-making methods of the cryptocurrency. Although as an end user, you needn’t and can’t make a decision on the specific development direction of this currency, but the development and growth of the currency is very important to you. It is not possible to rely on a voluntary group or organization to support the Bitcoin-like cryptocurrency On-going, only on-going chaos, and there will be serious differences even among developers of such cryptocurrencies, especially in terms of technology, and such cryptocurrencies lack effective ways to solve this problem; instead, Dasv has a An open platform for anyone. Through this platform, anyone can submit development proposals, vote on proposals, reach consensus, and get budget funds. These are important for currency owners:
◦ It guarantees that Dasv is not privately profitable by its individual key personnel and that it focuses on the interests of currency owners;
◦ It provides Dasv a solution to disagreements in the future direction of development, to ensure the development of the World Network continues to improve;
◦ It ensures that all proposals with value and improvement to Dasv development will continue to be funded, even if the beneficiaries of the proposal are ordinary Dasv users.
• Finally, we believe that Dasv will have more advanced management mechanisms and more complete smart contracts than Dash for the current market, and will also maximize the benefits of members of the Dasv community.
8. References
Platypus
Bitcoin: A Peer-to-Peer Electronic Cash System
Dash Whitepaper
The DAO
