A white paper is a public document of great interest within a business or sector. It serves as a reference or guide for users to help them solve certain problems, shows a different perspective, or help understand some advanced concepts. In this article, we will talk about the Dash whitepaper.
What is Dash?
Dash is a type of digital currency that is based on the idea of Bitcoin but has other elements of its own, such as the so-called masternodes, which is its own structure that allows it to function as a decentralized autonomous organization (DAO) within the Dash ecosystem.
The Dash whitepaper deals with the unique value proposition and key innovations in Dash from a theoretical and academic perspective. This is a document that is maintained as a GitHub wiki. Receive continuous updates and frequent translations from the community as new features and functions are implemented. Here are some of the points covered in the Dash whitepaper:
Dash operation and main features
The Dash whitepaper explains that decentralized blockchain governance will allow master node owners to vote on Dash treasury proposals and Dash-related decisions; It is also mentioned that the reward per block mined is reduced by 7.14% for each year. Some special features of Dash are mentioned, such as:
- There are several coins issued that are between 17.74 and 18.92 million.
- It has a Hash X11 algorithm.
- CPU / GPU / ASIC mining availability.
- It has a decentralized second-level network of master nodes.
- Superior anonymity in transactions made using PrivateSend.
- Performing transactions through InstanSend in a time of two seconds.
In this regard, it is explained that in addition to the traditional rewards for mining Dash based on proof of work (PoW), users are also rewarded for maintaining and running special servers called masternodes. Thanks to this two-tier network, Dash manages to offer innovative experiences in a decentralized and independent way. These master nodes are used to execute PrivateSend, InstanSend, and governance and treasury system.
Read the Dash Whitepaper
Now that we know about the Dash Whitepaper, we know how it works and what it refers to with the Master Nodes; if we wish, we can read all its content in detail, and for this, we can access the Dash whitepaper by visiting the following link.
What do you think about this topic? Have you read the Dash whitepaper yet?
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