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Author Topic: DASH - Where do new dashcoin come from?  (Read 888 times)
rafaelcb21 (OP)
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January 12, 2017, 12:28:02 PM
 #1

Good Morning,

I'm starting to learn about Dash and I had some doubts.
In Bitcoin every 10 minutes 12.5 bitcoins are created as rewards in the block, and who receives are the miners.

In the Dash where do the new dashcoin come from?

Grateful
qwizzie
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January 12, 2017, 03:03:32 PM
 #2

Good Morning,

I'm starting to learn about Dash and I had some doubts.
In Bitcoin every 10 minutes 12.5 bitcoins are created as rewards in the block, and who receives are the miners.

In the Dash where do the new dashcoin come from?

Grateful

https://dashpay.atlassian.net/wiki/display/DOC/Specifications


With Dash the block rewards are split as follows :

45% goes to Miners
45% goes to Masternodes
10 % goes to Dash Decentralized Budget

Here are some links to videos about Dash that could be helpfull for a newcomer :

https://www.dash.org/dash-video-series/
https://dashpay.atlassian.net/wiki/display/DOC/DASH+School

If you have any more questions, do not hesitate to visit us at :

https://bitcointalk.org/index.php?topic=421615.0
https://www.dash.org/forum/
http://dash-nation-invite.herokuapp.com/

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
billybobmaryjoe
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January 12, 2017, 06:19:23 PM
 #3

they are delivered  by storks of course!
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January 12, 2017, 06:22:50 PM
 #4

Are there some news regarding the development of dash ? i just found an announcement about litecoin 13 release, how about dash ?
I like the X11 algo, but most of the people here are saying DASH is a scam (as like as LTC, XMR, ETH/ETC, even bitcoin ...)
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January 12, 2017, 06:27:27 PM
 #5


10 % goes to Dash Decentralized Budget


please explain what this is. wallet address? or is this not possible with dash to see what for what this money was spend for?
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January 12, 2017, 07:07:43 PM
 #6

Are there some news regarding the development of dash ? i just found an announcement about litecoin 13 release, how about dash ?
I like the X11 algo, but most of the people here are saying DASH is a scam (as like as LTC, XMR, ETH/ETC, even bitcoin ...)

https://www.dash.org/forum/threads/12-1-announcement-finalized-date-project-update.12614/#post-110534

Quote
Happy New Year!

It’s been awhile since I’ve done a full announcement about the status of development, both of the core project and Evolution. We have had a lot of positive news in recent months that we’ve been working on, and I thought now would be a good time to update everybody on our progress, which has been quite good. In fact, we are progressing on many fronts simultaneously.

VERSION TWELVE POINT ONE / SENTINEL RELEASE

Launching a new software release on the network requires that all budget proposals be re-submitted into the system. Due to the timing of superblocks, we have a short window to launch, near the beginning of the month. In order to ensure we launch the most stable possible version of the software without interfering with the budget system, we would like to hold off until early February to launch 12.1. Launch date: February 5th, 2017.

CORE DEVELOPMENT

The first area of progress is Dash Core. In addition to running the network at present, Dash Core also serves as the backbone of the Evolution engine. We have done a great deal of work on Sentinel, our large-scale decentralized programmable database solution, which is going to allow us to move radically faster than any other organization in cryptocurrency. Among other things, Sentinel will allow us to push updates to Dash Core much more quickly and easily.

Sentinel can also be re-geared and deployed to operate digital companies that have a built-in workforce, infrastructure to deploy again, and as an engine for storage and retrieval of information. This is the concept we’re working on, which will allow companies to run on the Dash Network and compete with centralized companies that refuse to work with Dash. It’s a simple divide and conquest model.

We have recently moved a good deal of our funding into paying some new hires, who have now integrated into our team and have pushed through many new versions of the software. Among other things, they have fixed various issues with the stability of the daemon, the syncing of governance objects, and the workability of the new Sentinel system. Sentinel uses a complex set of rules and conditions for validation of objects and maintaining the consensus of the network.

STRATEGIC EXECUTION

Ryan Taylor, Dash’s CFO, has coordinated a deal with Arizona State University’s SkySong incubator, allowing us access to their top tier facility in Tempe, Arizona. There are 29 fast-growing, innovative startups sharing this location, and we look forward to talking with many of them. We also look forward to hiring exceptional talent from the University.






NETWORK UPGRADE

Feb. 5 is the date of the launch of our new platform. Enforcement will be turned off for this network upgrade, meaning nodes running the old version of the Dash software (12.0) will quickly stop being paid (contingent on miners upgrading). That means masternode rewards will be shared amongst a much smaller pool of upgraded nodes. This should provide a strong incentive to upgrade quickly; it will be very lucrative to upgrade your nodes as quickly as possible.

EVOLUTION UPDATE

Lead evolution developer Andy Freer has been locked away producing huge amounts of documentation for the various concepts of Evolution. This comes after months of conversations between Andy and myself about how each component of Evolution works, then reimagining it and improving the components and designs systematically. Since the original research phase, documentation, specifications, plans and diagrams have been being drafted, growing into a collection of documents that will be put into a wiki with full documentation for Evolution’s end-to-end design and implementation.

EVOLUTION RESEARCH

In January 2016 we released an early Evolution prototype based on Electrum which enabled basic functions such as registering a username and paying friends by name.

The prototype was pretty basic, with user interaction limited to just paying a few friends and user data stored on a dev server, but at least it proved the concept.

What we set out to do then was to design and prototype all the key technologies that would make these functions work in a purely P2P way, with data secured on the Dash blockchain and accessible from anywhere on any device, with integrated SPV based security and no centralized intermediary services required, and using the most common and censorship resistant protocol available - HTTP(S)

What we have designed and prototyped in various parts is a system that will let people signup to Dash, connect with friends, connect with merchants and buy products and services online with options to refund or pay recurring subscriptions, using just a web browser, without going through any intermediary service or having to integrate their own full node. It’s also a system that lets websites and apps become Dash enabled as easily as signing up for an API key and then cut and pasting a few lines of code into their business application that pops up a payment form and bills the user automatically, with all customers and payments visible to the merchant in DashDrive.

What this enables is the first usable digital cash built for the digital economy, because rather than having to integrate an esoteric P2P system into existing digital applications and services using complex infrastructure and interoperation or a centralized intermediary, Dash Evolution can be accessed by an HTTPS API that works more like a decentralized cloud, using familiar data structures such as Users, Accounts and Orders instead of transactions, blocks and crypto addresses, secures user information like a cloud service, but behind the API functions as a purely P2p, decentralized service. We believe this will be the key to gaining mainstream traction for users and businesses on P2P cryptocurrencies, i.e. they won’t even know it’s a P2P cryptocurrency they are using, because it’s as quick, familiar and easy to use / integrate as any existing payment systems used in the mainstream digital economy, all of which are API service based.

EVOLUTION FRONTEND

The 3 main areas of frontend design and development have been to design a secure, SPV based Web Wallet, merchant tools to enable drag-and-drop checkout on a website, and an SDK that connects web clients to DAPI.

The Web Wallet has taken the form of an SPA (single page application) that web users can download as a single HTML page and hashcheck to use securely from their desktop, that enables users to login and manage their accounts, contacts and merchant relationships, including an integrated marketplace for products and services. Users hold their account password and account HD seed on the client side, and on the network side, all of their account meta data is encrypted and stored on the network. After designing the UI / UX in July, ongoing work has been to develop the web wallet platform and soon work is starting to port the work to Android and iOS Evolution wallets. A revamped Dash.org is also being designed (following from the upcoming launch of dash.org v2) to provide a signup to Evolution call-to-action on the homepage and a download or hosted link to the Web Wallet code (and mobile versions).

The merchant tools have taken the form of code that can be cut and pasted into their web page and server to instantly enable Dash payments by user’s name against products the merchant is listing, including a Dash Checkout modal that can handle the payment automatically on the client side. The merchant can also list the products directly in DashDrive to enable Users to make one-time payments, moderated refunds or recurring auto-payments within any DAPI enabled client (such as the Web Wallet) and access full CRM information for their sales / product listings in DashDrive via DAPI.

The SDK (Dash.js) is a single library that web clients and servers include to easily access all wallet and merchant functions using their user accounts or API keys for merchants. This has been based initially on BitPay’s BitCore API and ongoing work has included a variable SPV implementation for the library which enables clients to specify the level of security they wish to balance this between performance and amount of data that needs to be downloaded.

EVOLUTION BACKEND

Evolution Backend Development has leveraged two strategies this year. The first has been to port BitPay’s Bitcore Platform to Dash including merging Bitcore Node to DashCore 12.1 for native API support.

The second ongoing strategy is to leverage this platform to fulfill long-term Evolution requirements while filling more immediate needs. Through this approach we’re now positioned to leverage the entire BitPay ecosystem, most notably Copay (https://copay.io) and the new Insight API. We anticipate having a Dash variant of the Copay wallet available on testnet by the end of January 2017.

In support of the v0.12.1.x Dash Core release, we’ve integrated the Governance Object model into the Bitcore platform (e.g. Budget Proposals). This integration has led to the development of a client-side budget generator as well as an extension of Insight API which returns active budget proposal objects. Moving forward this type of close integration between Bitcore and the Governance Object system will be a huge asset and a foundational piece for continued innovation in v0.12.2.x and beyond.

Work has also included with ProtonMail and Sean Ryan (Node40.com) has also delivered a Payment Processing API which is capable of connecting directly to the Bitcore Wallet Service. A compatible WooCommerce plugin has been developed and is intended to act as both a Proof of Concept for this API as well as a Prototype for future eCommerce integrations. More information on this plugin and related API will be released in early January 2017.

EVOLUTION CORE

Evolution Core work has been focused on first providing a basis to the new system in the form of Sentinel and improving DashCore to be implementation-agnostic to governance functions and objects.

Additional work has been the design / prototype of several key technologies needed at the core level, ranging from the RPC/ZMQ interface to DAPI, a generic Object system governed by a shared Schema protocol that enables Users to secure Object state transitions on the Dash Blockchain and store Object Data sharded across Masternodes (DashDrive). This work has also included upgrading the existing Masternode design to retain proposals, votes, and rewards in DashDrive to provide blockchain consensus. After 12.1 release, work will focus on implementing these designs in conjunction with the frontend and backend work.

Thanks to everyone involved!

Evan Eduffield

It is really up to you if you want to believe those scam accusations from people heavily involved in competing cryptocurrencies, while Dash dev team has stuck by this project all this time and is doing
a lot of development and is making tremendous progress.   

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January 12, 2017, 07:21:26 PM
 #7


10 % goes to Dash Decentralized Budget


please explain what this is. wallet address? or is this not possible with dash to see what for what this money was spend for?

Dash Decentralized Budget System in a nutshell :
 
Anyone can create a budget proposal for Dash (5 Dash to prevent exploitation), but they do need a masternode owner to have that budget proposal enter into the
decentralised budget system. Once it is in de system, masternode owners can vote yes or no on it. Each budget proposal has a Dash payment address, where the
budget proposal owner wants to receive the funds in.

If a budget proposal reaches 10%, it will pass the treshold and gets accepted. Masternode owners can change their votes in the time that the budget proposal is active
(for example if that budget proposal has a multiple time-period and people have changed their mind about it and want to down vote it)

These are links to the budget proposals currently active :

http://dashvotetracker.com/
https://www.dashcentral.org/budget
https://www.dashninja.pl/budgets.html

or being debated over on our Dash forum :

https://www.dash.org/forum/topic/pre-budget-proposal-discussions.93/

Below is a link to all our completed budget proposals :

https://www.dashcentral.org/budget/completed

For a more official and detailed description of Dash Decentralized Budget : https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=8585246


  

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January 12, 2017, 07:30:55 PM
 #8

Are there some news regarding the development of dash ? i just found an announcement about litecoin 13 release, how about dash ?
I like the X11 algo, but most of the people here are saying DASH is a scam (as like as LTC, XMR, ETH/ETC, even bitcoin ...)

Nothing will change first day of DASH mining anymore. 1/4 of coins right now was mined in first 8 hours by few people who now own all masternodes and earn even more DASH with that.  After that mining was set to slow mode as it is now. If they 100 times change name and algorithm and whitewater they want they cant change this fact.

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January 12, 2017, 07:36:52 PM
 #9

Thank you for your answer, i will take the time to read it, today is my birthday, so i will do it tomorrow, i like how you provide answers to everyone, with detailed infos, i like this, by the way, i don't believe it is a scam, i think it is one of the major cryptos and i am not interested in challenging cryptocurrencies, i believe it is an ecosystem, and everyone is free to choose the coin who suits him the best.
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January 12, 2017, 07:42:20 PM
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And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.

Monero itself has a very shady background, and malicious crippled mining software in their early days but that is all irrelevant as it happened more then two years ago.
Same can be said of Bitcoin where more then a million bitcoins are in the hands of one entity (Satoshi), but that does not influence it today in any way.
Dash also had mining problems in its first few days, but that does not make it a scam or a premine.

For those interested in those first few days of Dash : https://dashdot.io/alpha/?page_id=118
  




 



 

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January 12, 2017, 07:47:58 PM
 #11

Thank you for your answer, i will take the time to read it, today is my birthday, so i will do it tomorrow, i like how you provide answers to everyone, with detailed infos, i like this, by the way, i don't believe it is a scam, i think it is one of the major cryptos and i am not interested in challenging cryptocurrencies, i believe it is an ecosystem, and everyone is free to choose the coin who suits him the best.

thank you and happy birthday

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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January 12, 2017, 07:50:36 PM
 #12

they are delivered  by storks of course!

damn, you made me google storks !!  Grin

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January 12, 2017, 07:51:04 PM
 #13

Thank you for your answer, i will take the time to read it, today is my birthday, so i will do it tomorrow, i like how you provide answers to everyone, with detailed infos, i like this, by the way, i don't believe it is a scam, i think it is one of the major cryptos and i am not interested in challenging cryptocurrencies, i believe it is an ecosystem, and everyone is free to choose the coin who suits him the best.

thank you and happy birthday

Thank you, i have friends in bitcointalk now, what a great community is living here. By the way, it would good if developers can find an international use to the coin, not only merchants, it is also good to find coins who can help to the futur development of altcoins.
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January 12, 2017, 07:52:03 PM
 #14

And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.

Monero itself has a very shady background, and malicious crippled mining software in their early days but that is all irrelevant as it happened more then two years ago.
Same can be said of Bitcoin where more then a million bitcoins are in the hands of one entity (Satoshi), but that does not influence it today in any way.
Dash also had mining problems in its first few days, but that does not make it a scam or a premine.

For those interested in those first few days of Dash : https://dashdot.io/alpha/?page_id=118
  




 



 

Dash is a PROVEN scam. AVOID. Want clarification ask and the community will provide.

Qwizzie is a known dash pumper. He constantly says there was no premine when he knows that it was a captive instamine which is the same thing.

Ask him to explain the difference. It is laughable he keeps saying no premine.

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.

https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.


SCAM = unfair and dishonest scheme = dash


This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white.

1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed
2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed.

here are your victims.

3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed.


Every dasher on here trying to scam others into supporting your scam = scammers.

I will be updating my scammers thread to add all of your names to it.

Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer.


Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM

https://bitcointalk.org/index.php?topic=999886.0

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

https://bitcointalk.org/index.php?topic=995710.0

https://bitcointalk.org/index.php?topic=999084.0

https://bitcointalk.org/index.php?topic=560138.0

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January 12, 2017, 07:57:39 PM
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I have cryptohunter on ignore so i'm not sure what he typed above but please forgive him, he can react a bit stressed out when he sees a topic in the Altcoin Discussion
section labeled "Dash". Sometimes he gets so stressed out by it, that he will troll the Dash ANN forum as well. But deep deep down he is a really GOOD troll guy.




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January 12, 2017, 08:10:21 PM
 #16

Thank you for your answer, i will take the time to read it, today is my birthday, so i will do it tomorrow, i like how you provide answers to everyone, with detailed infos, i like this, by the way, i don't believe it is a scam, i think it is one of the major cryptos and i am not interested in challenging cryptocurrencies, i believe it is an ecosystem, and everyone is free to choose the coin who suits him the best.

thank you and happy birthday

Thank you, i have friends in bitcointalk now, what a great community is living here. By the way, it would good if developers can find an international use to the coin, not only merchants, it is also good to find coins who can help to the futur development of altcoins.

Yeah, the Bitcointalk forum is a pretty neat place where you can find a lot of connections and also a lot of difference of opinion.
But that also makes a good forum. I think Dash Evolution (specifically DAPI, a decentralized api), will shake up the market
once its ready in a year or so...

link :    https://www.youtube.com/watch?v=N7T-a2xm5c0&index=9&t=31s&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC
 

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January 12, 2017, 08:26:35 PM
 #17

And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.
 

I dont support any coin. I did mine like 10 Monero  more then 2 years ago.  If I support anything here is Bitdice.me Smiley

All i did was answer the guy who asked why people say DASH is a scam and he mention if changing algorithm would help DASH.   I think my post was quite short and informative to explain him where is the problem and that algorithm has nothing to do with it.
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January 12, 2017, 08:39:34 PM
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And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.
 

I dont support any coin. I did mine like 10 Monero  more then 2 years ago.  If I support anything here is Bitdice.me Smiley

All i did was answer the guy who asked why people say DASH is a scam and he mention if changing algorithm would help DASH.   I think my post was quite short and informative to explain him where is the problem and that algorithm has nothing to do with it.

I think we have a difference of opinion about that. I'm curious though, were exactly did you read that "and he mention if changing algorithm would help DASH" ?  Huh

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January 12, 2017, 08:50:23 PM
 #19

And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.

Monero itself has a very shady background, and malicious crippled mining software in their early days but that is all irrelevant as it happened more then two years ago.
Same can be said of Bitcoin where more then a million bitcoins are in the hands of one entity (Satoshi), but that does not influence it today in any way.
Dash also had mining problems in its first few days, but that does not make it a scam or a premine.

For those interested in those first few days of Dash : https://dashdot.io/alpha/?page_id=118
  

I think you definitely can't compare Satoshi having a lot of bitcoin with this Dash instamine. This is ridiculous.
And besides i think monero doesn't did anything which hurts the community that much at all. They made mistakes but this mistake of Dash would be easy to solve with just a restart but somehow they didn't and so it still hurts and this is one of the reasons i don't like Dash that much either.
They might have solid tech and a great development team, but i rather prefer Monero or other coins as well solely due to this fact.


 




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January 12, 2017, 09:00:23 PM
 #20

And here comes the first of many Monero supporters (Febo) drawn to any and all thread that has Dash in it, with just one basic desire : to suppress any interest in Dash.

Monero itself has a very shady background, and malicious crippled mining software in their early days but that is all irrelevant as it happened more then two years ago.
Same can be said of Bitcoin where more then a million bitcoins are in the hands of one entity (Satoshi), but that does not influence it today in any way.
Dash also had mining problems in its first few days, but that does not make it a scam or a premine.

For those interested in those first few days of Dash : https://dashdot.io/alpha/?page_id=118
  

I think you definitely can't compare Satoshi having a lot of bitcoin with this Dash instamine. This is ridiculous.
And besides i think monero doesn't did anything which hurts the community that much at all. They made mistakes but this mistake of Dash would be easy to solve with just a restart but somehow they didn't and so it still hurts and this is one of the reasons i don't like Dash that much either.
They might have solid tech and a great development team, but i rather prefer Monero or other coins as well solely due to this fact.



Which is perfectly fine, we are all entitled to our own opinion or coin preference. I joined Dash at the very hight of its first pump and till this date i still have not cleared those first few buys
from may 2014, when Dash was trading at 0.026

I did not care about the instamine back then and i dont care about it now, same goes for the rest of the Dash community.
I also take responsebility for my own actions and dont blame anyone else for buying those Dash at its price peak, as i was fully aware of the volatility of cryptocurrencies.  

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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