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Author Topic: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX  (Read 4177245 times)
eduffield
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January 18, 2014, 05:50:23 PM
 #1


    Latest Clients: 11.2.23 Dash Release - see Downloads section below.

    Specifications:
    • Release date: 11PM EST, 18th January 2014 / No premine
    • X11 hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
    • Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
    • CPU/GPU mining
    • Block generation: 2.5 minutes
    • Difficulty Retargets using Dark Gravity Wave
    • 7% decrease in the number of coins generated per year
    • Est. ~22M Max Coins
    • Decentralized Masternode Network
    • Superior Transaction Anonymity using Darksend

    Dash Innovations:

    • Darksend
      • The Dash client stores pre-mixed, denominated Dash in the user’s wallet, to be used instantly at any time the user desires. The mixing and denomination process is seamless, automatic, and requires no intervention on the part of the user.

        Here's how it works:
        Every 10 blocks, user clients network-wide will send any unmixed, traceable Dash in their possession through an anonymization phase. In this phase, Masternodes are used in chained succession to mix the coins they receive from the network and break them down into homogenous denominations. After being processed by a minimum of 2 Masternodes, the coins are either sent to the next Masternode in the chain or back to the user’s wallet at randomly generated change addresses.
        Depending on the desired depth of security and privacy, users may select between 2 and 8 “hops” to successive Masternodes before their coins are sent back to the client. Hops are made every 10 blocks, so anonymization at a depth of 2 hops will take 2*2.5=5.0 minutes, 3 hops 3*2.5=7.5 minutes, and so on. The desired mixing depth can be selected in the client GUI.
        At the end of the anonymization phase, the user’s coins are returned to their client at randomly generated change addresses. When the user wishes to make a transaction, the client forwards the intended amount from these anonymous change addresses directly to the intended receiver’s address. There is no direct involvement of of Masternodes in the final person-to-person transaction.
        Proof of payment will work as it always has: a user can see the send transaction with the receiver’s address in their own wallet, and the blockchain will show that the receiver’s address received an input in the corresponding amount.
        A breakdown of the improved Darksend process:

        (Official statement link: http://goo.gl/GZ1VZC)

    • Masternodes and the Proof of Service Reward Paradigm
      • In addition to traditional Proof of Work rewards for mining Dash, users are also rewarded for running and maintaining special servers called “Masternodes”.
        Though future plans envision several roles for Masternodes, their primary function is to carry out the anonymization phase of the Darksend protocol.  The service that Masternodes provide to the network is the beating heart of Darksend, which, in turn, is the defining feature of Dash.
        In return for providing this service, Masternodes are paid a percentage of the block reward according to this chart:


         
        In order to run a Masternode, users must put up 1000 DRK as something akin to collateral, though unlike traditional collateral, the DRK never leaves the user’s possession.  It can be moved or spent at any time by the user - doing so simply removes the Masternode from service and makes it ineligible to receive rewards.
    • X11 Chained Hashing Algorithm
      • X11 is a widely used hashing algorithm created by Dash core developer Evan Duffield.  X11’s chained hashing algorithm approach utilizes a sequence of eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and should take years.
        With chained hashing, high end CPUs give an average return similar to that of GPUs. An added benefit of the algorithm is that GPUs require approximately 30% less wattage and run 30-50% cooler than they do with scrypt.
    • Dark Gravity Wave
      • Dark Gravity Wave (DGW) is a widely used mining difficulty adjustment algorithm created by Dash core developer Evan Duffield to address flaws in Kimoto’s Gravity Well.
    • Multi-Phased Fork Implementation (aka the “Spork”)
      • In response to unforeseen issues with the rollout of RC3, the Dash development team created a mechanism by which updated code is released to the network, but not immediately made active (or “enforced”).  Communication is sent out to users informing them of the change and the need for them to update their clients.  Those who update their clients run the new code, but in the event of errors occurring with that new code, the client’s blocks are not rejected by the network and unintended forks are avoided. Data about the error can then be collected and forwarded to the development team.
        Once the development team is satisfied with the new code’s stability in the mainnet environment - and once acceptable network consensus is attained - enforcement of the updated code can be activated remotely.  Should problems arise, the code can be deactivated in the same manner, without the need for a network-wide rollback or client update.
        This innovation allows for far smoother transitions than in the traditional hard fork paradigm, as well as the collection of test data in the live network environment.
        We set out with the intention of calling this method of updating the “Soft Fork”, but the Dash community quickly dubbed it the “Spork” and the name seems to have stuck.
    • Instant Transaction Technology (aka InstantX)
      • Dash now incorporates InstantX technology, invented by Evan Duffield. InstantX allows Dash to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. The InstantX system is revolutionary, shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as four seconds.


        Full paper can be read at the link below:
        https://www.dashpay.io/wp-content/uploads/2014/09/InstantTX.pdf

    Miscellaneous:












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    1438598426
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    instacash
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    January 18, 2014, 05:54:53 PM
     #2



    Dash for Mac OS X



    Download: https://www.dashpay.io/downloads


    ig0tik3d
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    January 18, 2014, 05:58:22 PM
     #3


    - 11 chained hashing algorithms

    SifCoin (6 hash) + QubitCoin (5 hash) = XCoin(11 hash)  Huh )))
    deodecagone
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    January 18, 2014, 06:02:41 PM
     #4

    xcoind: main.cpp:2822: bool InitBlockIndex(): Assertion `hash == hashGenesisBlock' failed.
    Aborted (core dumped)

    edit:just realized their src were 2 years dated  while the OP says (ready) ....
    cryptohunter
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    January 18, 2014, 06:03:07 PM
     #5

    If you can't compile wallets or pay someone to do it on launch just don't bother.

    leduc
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    January 18, 2014, 06:03:35 PM
     #6

    no wallet = premine

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    Xilard
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    January 18, 2014, 06:04:28 PM
     #7

    This is stupid, only linux wallet on release.
    kanus1113
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    January 18, 2014, 06:06:10 PM
     #8

    This is what you premine complainers wanted right?
    cryptohunter
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    January 18, 2014, 06:07:02 PM
     #9

    This is stupid, only linux wallet on release.

    Good, killed the coin... biggest cpu miners are linux anyway so let them rape and then windows folks will never use it.

    All these new alts need to die.

    miramare
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    January 18, 2014, 07:03:54 PM
     #10

    That's true that I can mine with linux.
    However, what do you want by launching this coin without win/mac wallets and without pool?
    thisisnotmyltcusername
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    January 18, 2014, 07:26:51 PM
     #11

    edit:just realized their src were 2 years  old

    "if shit add value, the poor wouldn't have asses"
    ig0tik3d
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    January 18, 2014, 07:28:51 PM
     #12

    edit:just realized their src were 2 years  old
    Quote
    Source code will be updated with the genesis block at 5PM EST
    peterlustig
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    January 18, 2014, 07:33:00 PM
     #13

    Someone compile wallets before release please! (Someone should[?] do a coingen-like site compiling the wallets of those who can't do it)

    @OP: Which hashing algos? More info!  Grin
    eduffield
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    January 18, 2014, 08:05:13 PM
     #14

    edit:just realized their src were 2 years  old

    You're in the old branch. All of the changes are in master-0.8

    Dash - https://bitcointalk.org/index.php?topic=421615 - Offer a service for Dash? Please add it here http://goo.gl/mSYVhX
    eduffield
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    January 18, 2014, 08:06:34 PM
     #15

    That's true that I can mine with linux.
    However, what do you want by launching this coin without win/mac wallets and without pool?


    The clients / pool are on their way. We're working on them.

    Dash - https://bitcointalk.org/index.php?topic=421615 - Offer a service for Dash? Please add it here http://goo.gl/mSYVhX
    stevenb
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    January 18, 2014, 08:24:45 PM
     #16

    What is algo ? and how to mine  Huh

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    ig0tik3d
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    January 18, 2014, 08:33:08 PM
     #17

    what with GenesisBlock?
    kaene
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    January 18, 2014, 08:35:03 PM
     #18

    That's true that I can mine with linux.
    However, what do you want by launching this coin without win/mac wallets and without pool?


    The clients / pool are on their way. We're working on them.

    You will release the source of the wallet, OK

    - Will you release windows binaries?

    - What algo?

    - If it's not quark/scrypt/sha265/scrypt-jane ....   will you release a standalone miner (including source code) at the same time you release the wallet?

    mux
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    January 18, 2014, 08:35:25 PM
     #19

    What is algo ? and how to mine  Huh

    From what I can see, there was much original work done on this coin... Many new algos I am not aware have been used before, look at this!
    https://github.com/evan82/xcoin/commit/3dfaf5d9700e60424cb91dc5f91b2b50b324f2bf

    Plus all the extra work I'm seeing here on the coin:
    https://github.com/evan82/xcoin/commits/master-0.8

    In short, it's seems to be much more than a simple clone coin. Kudos to the dev!

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    January 18, 2014, 08:47:23 PM
     #20

    That's true that I can mine with linux.
    However, what do you want by launching this coin without win/mac wallets and without pool?


    The clients / pool are on their way. We're working on them.

    You will release the source of the wallet, OK

    - Will you release windows binaries?

    - What algo?

    - If it's not quark/scrypt/sha265/scrypt-jane ....   will you release a standalone miner (including source code) at the same time you release the wallet?


    He shouldnt release standalone miner .mining should be available only with the wallet so botnets can't rape the coin instantly

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