DASH is know for its instant money transfer through Masternodes and a voting mechanism to finance projects. In this talk Valentin gave us a great overview on DASH.

1. BlockchainHub Graz
BlockchainHub ■ Valentin Kalinov ■ April 24, 2017
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2. Contents
● History
● What is DASH?
● Masternodes
○ What are masternodes?
○ Masternodes and the block reward
○ Masternode network stats
● Private Send
● Instant Transactions
● Governance
○ The Treasury
○ Submitting a Proposal
○ Voting
○ Budget finalizing
● Dash Evolution
and the Block Re 2

3. History
● Dash was born in February
2014
●
● Founder of DASH is Evan
Duffield
●
● Originally named Darkcoin
●
● Rebranding to DASH:
Mach 25, 2015
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4. What is DASH?
DASH: Digital Cash
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Proof of Work
Block Time: 2,5 min
Proof of Work
Block Time: 10 min
Total Supply
Around 18* Million
Total Supply
21 Million
Instant Transactions X
Decentralized
Governance Structure
X
Built-in Anonymous
Transactions
X

5. MASTERNODES
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6. Masternodes
Second layer network
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7. What are
Masternodes?
● Full nodes
●
● Run in P2P network
●
● Provide a level of service
to the network
●
● Have a bond of collateral
(1000 DASH)
●
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8. Masternodes and
the Block Reward
● Average block reward is
around 5 DASH
●
● 45% goes to the miners
●
● 45% goes to the
masternodes
●
● 10% is dedicated to
funding projects
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9. 9
Source:
Dash.org

10. Masternode
Network Stats
● Total number of
masternodes: 4,485(April 22, 2017)
●
● Total collateral:
● 1000x4485 = 4 485 000 Dash
●
● Current Supply(April 22, 2017) =
7,246,432 DASH
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11. Masternode
Services
● Private Send(DarkSend)
●
● Instant Transactions
●
● Voting
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12. Private Send
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13. Private Send
Privacy
●
●
● Extended version of the
Coinjoin
●
● Darksend splits funds into
common denominations
and mixes them ahead of
time in a trustless way
●
● Provides fungibility &
privacy for users
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14. 14
Source:
Dash.org

15. Instant Transactions
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16. Instant
Transactions
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17. Why is Instant
Send needed?
● Point of sale transactions
●
● Preventing double-spending in
retail
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18. DASH’s Governance
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19. Cryptocurrencies
have two major
problems
● Governance
●
● Funding
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20. 20
Source:
daohub.org
Submit a proposal to
the masternode network
Masternodes vote
on the proposal
Funding and Development
Deployment

21. The Treasury
● 10% of the block reward is
reserved for Dash related
projects
●
● Total Available Budget:
6,651.85 DASH ($517,513.92)
(April 22, 2017)
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Miners MasterN. Treasury
45% 45% 10%
Block Reward

22. Submitting a
Proposal
● Anyone can submit a
proposal using the Dash
Core Wallet
●
● The cost for submitting is
5 DASH
●
● Masternodes vote on
proposals to allocate the
budget
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23. Voting
Only Masternodes can vote
● YES
●
● NO
●
● Abstain
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24. Neither Proposals nor Votes are
Stored in the Blockchain
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25. 25
Source:ttp://dashvotetracker.com

26. Finalizing the
Budget
● Submitting the finalized
budget
●
● Voting for the finalized
budget
●
● Issuing a superblock with
payments
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27. The Superblock
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28. DASH EVOLUTION
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29. The Problem with
cryptocurrency
● Alphanumeric addresses
●
● Passwords & backups
●
● Payments take time and
effort for the user
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30. “Evolution’s mission is to make digital cash
easy to use and access for all users, even
those who aren’t technologically savvy.”
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dash.org

31. 31Source: Dash Detailed, Youtube

32. 32Source: Dash Detailed, Youtube

33. 33Source: Dash Detailed, Youtube

34. 34Source: Dash Detailed, Youtube

35. 35Source: Dash Detailed, Youtube

36. EVOLUTION
Design
● Decentralized API (DAPI)
●
● DashDrive
●
● Private messaging
●
● Name Based Payments
●
● Masternode Quorums
●
● Oracle Services
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37. Thank you
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38. Follow us
blockchainhub.net
blockchainhub
@blockchainhub
Valentin Kalinov
valentin@blockchainhub.net
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