[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[Sellman]

After year-long Winter, ice melted down, and crypto has witnessed its new Spring. As the above report, as well as other updated news from DASH team recent weeks, shown that DASH has moved solidly and effectively expanded its communities further. Among lots of things reported, I like the one at most, because it means that DASH is one of three cryptocurrencies accepted in PetroApp, for now. That's amazing recognition on DASH in that nation. Without that app, DASH has been widely accepted and used in Venezuela, especially last two years, but the app somehow shed more lights for further growth of the coin in Venezuela in coming months.

New Venezuelan PetroApp Reportedly Enables Purchases with Cryptocurrency: The Venezuelan national digital currency, the Petro, has reportedly launched the PetroApp to enable purchases via Bitcoin, Litecoin, and Dash.

Source: https://dashnews.org/this-week-in-dash-may-13th-may-18th/

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[NibiruHybrid]

The Real Reason We’re Still Obsessed With Finding Satoshi Nakamoto

Nearly a decade after his disappearance, and the world continues to seek out Satoshi Nakamoto, the mysterious founder of Bitcoin who heralded the glorious cryptocurrency revolution we bear witness to today. Somehow, we can’t just let him remain in the past, but are still obsessed with finding and consulting him on what we should do next. Why?

Read more - https://dashnews.org/the-real-reason-were-still-obsessed-with-finding-satoshi-nakamoto/

[solowhizkid]

The cryptocurrency with the most activity on its network - Dash

https://cryptoslate.com/analysis-of-active-addresses-bitcoin-xrp-dash-and-dogecoin-see-major-growth/

#dash_force

[NibiruHybrid]

Dash Claims Fastest Growing Active Addresses Among Major Coins

New analysis by Cryptoslate, utilizing data from Coinmetrics, shows that Dash had the fastest growing count of active addresses among the major coins compared.

Read more - https://dashnews.org/dash-claims-fastest-growing-active-addresses-among-major-coins/

[NibiruHybrid]

The Velocity Protocol: Mass Cryptocurrency Scaling Through Bandwidth Optimization

The Velocity Protocol is the result of research by ASU blockchain lab. Specifically, Nakul Chawla submitted this work for completion of his master’s degree at ASU.

Read more - https://dashnews.org/the-velocity-protocol-mass-cryptocurrency-scaling-through-bandwidth-optimization/

[tranthidung]

Within the last day, DASH moved clearly to 0.020 BTC for one DASH coin. It demonstrates that demands on DASH have never been small, and there are so many investors just wait for both right time (at which they think it is perfect to enter and can get profit fastly) and good price to invest in DASH. Despite of the slown down speed of bitcoin growth, that has fluctuated around $8000 last day, DASH has performed very impressively compared to other top altcoins.

[Tungi17]

Introducing Dash Platform, an upcoming application development platform built on top of the Dash payment network. Connect to the network using DAPI and store application data using Drive.

https://blog.dash.org/an-introduction-to-dash-platform-dapi-and-drive-9d080d6e89c9

[Tungi17]

tx for banning me after 5 years for NO REASON !

[toknormal]

tx for banning me after 5 years for NO REASON !

The reason was that you were just about to announce one of the biggest blockchain breakthroughs since 2009 - the successful decoupling of the service protocol from the mining protocol on a bitcoin compatible chain to the extent that the network can generate service-oriented consensus in realtime and respond to sophisticated client-app requests natively without recourse to changing the blocktime or mining protocol.

You simply had to be banned.

[aleix]

tx for banning me after 5 years for NO REASON !

https://i.imgur.com/g6l95OP.png

We all know bitcointalk moderation is a bad joke. Trolls flooding our thread, posting lies and fud for years with no consequence and now this. What a shame in the forum Satoshi himself created long time ago.

Don't worry. We don't care. Keep the good work!

https://i.imgur.com/vPyCLx4.png

Introducing Dash Platform, an upcoming application development platform built on top of the Dash payment network. Connect to the network using DAPI and store application data using Drive.

https://blog.dash.org/an-introduction-to-dash-platform-dapi-and-drive-9d080d6e89c9

awesome news. Congratulations all.

tx for banning me after 5 years for NO REASON !

The reason was that you were just about to announce one of the biggest blockchain breakthroughs since 2009 - the successful decoupling of the service protocol from the mining protocol on a bitcoin compatible chain to the extent that the network can generate service-oriented consensus in realtime and respond to sophisticated client-app requests natively without recourse to changing the blocktime or mining protocol.

You simply had to be banned.

I agree with Toknormal. This is a game changer for crypto.

They didn't understand the masternodes powerful architecture for years and now all the big ones are talking about implementing similar solutions. With this update will be the same.  

[andreibi]

Introducing Dash Platform, an upcoming application development platform built on top of the Dash payment network. Connect to the network using DAPI and store application data using Drive.

https://blog.dash.org/an-introduction-to-dash-platform-dapi-and-drive-9d080d6e89c9

This is an interesting read. I think it deserves some tinkering for those who don't hold Dash but are interested in crypto innovations. Could this solve the ever-present problem of scaling? All I know, we humans can tackle any technical obstacle given enough time.

[solowhizkid]

Dash Announces Elections For Investment Foundation

https://cryptobriefing.com/dash-elections-foundation/

#dash_force

Dash (DASH) Is Getting Bigger, Dash Coin One of The Fastest Growing Active Addresses Among Top Cryptos!

https://cryptoglobalist.com/2019/05/21/dash-dash-is-getting-bigger-dash-coin-one-of-the-fastest-growing-active-addresses-among-top-cryptos/

#dash_force


Dash - The present and the future of the project (In Russian)

https://www.youtube.com/watch?v=FHL9dMwkQo4

#dash_force

[NibiruHybrid]

Dash Platform, DAPI, and Drive Value Propositions Further Enhances Dash Network

Dash Core Group (DCG) has released more information on the value proposition of the Dash Platform, which consists of Dash DAPI and Dash Drive.

The Dash Core Group has plans to upgrade the network through protocol upgrades including creating “the development of the most user-friendly crypto wallet to date”, but to do so requires building out backend services.

Read more - https://dashnews.org/dash-platform-dapi-and-drive-value-propositions-further-enhances-dash-network/

[etherixdevs]

Dash Announces Elections For Investment Foundation

https://cryptobriefing.com/dash-elections-foundation/

#dash_force

Dash (DASH) Is Getting Bigger, Dash Coin One of The Fastest Growing Active Addresses Among Top Cryptos!

https://cryptoglobalist.com/2019/05/21/dash-dash-is-getting-bigger-dash-coin-one-of-the-fastest-growing-active-addresses-among-top-cryptos/

#dash_force

 I think it deserves some strong thinking for anyone that is  interested in Crypto innovations. The future is brilliant

[Tungi17]

Dash Core v0.14 binaries have been released to mainnet!
Dash users now have improved security against 51% mining attacks via Chainlocks and the ability to instantly re-spend Dash upon receipt via LLMQ-Based InstantSend.

More info:
https://blog.dash.org/dash-core-v0-14-on-mainnet-ef2d0e49e29a

[kissubaby]

Dash Core v0.14 binaries have been released to mainnet!
Dash users now have improved security against 51% mining attacks via Chainlocks and the ability to instantly re-spend Dash upon receipt via LLMQ-Based InstantSend.

More info:
https://blog.dash.org/dash-core-v0-14-on-mainnet-ef2d0e49e29a

Great news! anti 51% attack ChainLock is now live on the mainnet!

[qwizzie]

Dash Core v0.14 binaries have been released to mainnet!
Dash users now have improved security against 51% mining attacks via Chainlocks and the ability to instantly re-spend Dash upon receipt via LLMQ-Based InstantSend.

More info:
https://blog.dash.org/dash-core-v0-14-on-mainnet-ef2d0e49e29a

Great news! anti 51% attack ChainLock is now live on the mainnet!

It will take some time before ChainLocks gets activated as we need support from miners first (80% to lock-in DIP8), but the highly anticipated update v0.14.0 has been rolled out today
and thats good news.

[iCEBREAKER]

6/13/15
Hearn's Worst Case Scenario: Checkpoints in XT to "ignore the longest chain"
https://bitcointalk.org/index.php?topic=1089283.0

Dash Announcing DIP 8 - ChainLocks
Duffield's Worst Case Scenario: ChainLocks in Dash to "ignore the longest chain"
https://blog.dash.org/mitigating-51-attacks-with-llmq-based-chainlocks-7266aa648ec9?fbclid=IwAR3JGxiQZcg1AgbBPx9GocBrMsbgFt6e_Jm2UBVeddX_LP0Ll33A-hquTC8

Old news.  More of the same.  Too little and too late.

The CEO of Dash Core Incorporated(tm) can just checkpoint whenever there is an imminent threat like a another Binance theft or 51% NiceHash attack.  Security via central authority, try to beat that! 

Ignoring the longest chain worked out very well for for BitcoinXT and can only help Dash in the same way.

Nakamoto Consensus is ancient and broken.  Dash knows better than to use 10 year old technology when they can just roll their own critical consensus protocols and ship them to mainnet after only a day or two of testing the 6th(!) release candidate. 

[qwizzie]

LLMQ-Based ChainLocks

A few cryptocurrency projects have made headlines recently due to threats of 51% mining attacks. In a 51% attack, a mining entity that controls a majority of hash power can secretly mine a separate chain that is longer than the public one, then publish it — causing a reorganization and orphaning previous blocks on the original chain. This can result in users of the network losing money as transactions in the invalidated blocks are also invalidated.

ChainLocks will significantly reduce the risk of a 51% attack occurring on the Dash network. A Long Living Masternode Quorum is selected, and each member signs the first block it sees — extending the active chain at the current height. When enough members see that block, they will propagate a message to all nodes in the network. When this message is received by a node, it rejects all blocks at that height that do not match the block specified by this message. This not only makes reaching consensus quick and unambiguous, it makes chain reorganizations below this block impossible.

This means that transactions can be considered fully confirmed after the first on-chain confirmation inside a block protected by ChainLocks, and there is no need to wait for more confirmations until a received transaction is considered secure. This feature also removes all incentives for miners to cause chain reorganizations by mining in secret, because a failure to publish blocks immediately could give an honest miner the opportunity to publish a block that would be locked by a LLMQ, and thus made irreversible. This would result in the secret chain being ignored when the malicious miner attempted to publish it.

Link : https://blog.dash.org/product-brief-dash-core-release-v0-14-0-now-on-testnet-8f5f4ad45c96

But what about the longest-chain rule?

The longest-chain rule is one of the most important parts of Proof of Work based consensus. The idea is that every node should consider the chain with the most accumulated work as the locally active chain (but only if it is also valid by all other consensus rules). The reason for this rule is that otherwise it wouldn’t be possible to find consensus on which chain to extend. Nodes need to find consensus based on limited information, and the only reliable information which is viable for this is the information found from the chain of headers. Using only the accumulated work (calculable from the headers) makes sure that every node can disconnect and reconnect, and still find consensus at any time.

With ChainLocks, this rule is still in effect, but it can be overridden by a valid CLSIG message. Effectively, only the members of the responsible LLMQ are fully following the longest-chain rule, as they are the ones creating the CLSIG message in collaboration. As the CLSIG message can only be created if enough LLMQ members agree, the presence of the CLSIG message serves as a proof that the referenced block was (or still is) the block resulting in the longest-chain.

This puts quite some trust into CLSIG messages and the Masternode network, but we consider this to be an acceptable tradeoff. The assumption is that the majority of the masternode network is honest, which is basically the same assumption applied to miners in a plain Proof of Work system.

The difference with ChainLocks is that miners AND Masternodes representing 51% of each of the layers would have to collude in order to perform a working attack. And even if an attack succeeded, the attackers would still not be able to cause deep reorganizations, as previous CLSIG messages can’t be invalidated by the attackers. The worst thing that could be achieved is to NOT sign blocks, which would be noticed by all nodes. Also, if any LLMQ with mostly honest masternodes signed a block in-between the attack, all previously unsigned blocks would become fully confirmed as well, making reorganizations for these impossible as well.

Link : https://blog.dash.org/mitigating-51-attacks-with-llmq-based-chainlocks-7266aa648ec9

[iCEBREAKER]

(an imperial shitload of gish-gallop, techno-babble, & speculation-as-fact)

That's a lot of fancy talk to distract people from the basic, essential truth that Dash v.14 no longer follows the longest chain and is no longer protected by the proven security model of Nakamoto Consensus.

BitcoinXT had a lot of fancy talk to rationalize its checkpoints, too.  How did that work out for them?

Bcash-BAB is also using checkpoints because the real world of thermodynamics and proof-of-work is too mean/hard/scary for them.

How is Dash's version of checkpoints any better than XT or Bcash's?

Masternodes don't make Chainlocks better, they just massively expand the chainlocked network's attack surface by opening up new vectors (hello partitioning attacks ) for malicious and/or incompetent Masternode operators to abuse their trusted third party privileges.

tx for banning me after 5 years for NO REASON !


 

_{#REKT
Tungfa  
Shill  
Spam}