How To Do Cryptocurrency and DAO Right: Dash is Featured on Forbes Along With Major Corporations While Tech and Adoption Reaching All Time Highs + What's New With PIVX
dash·@vimukthi·
0.000 HBDHow To Do Cryptocurrency and DAO Right: Dash is Featured on Forbes Along With Major Corporations While Tech and Adoption Reaching All Time Highs + What's New With PIVX
__Many of the top cryptocurrencies don't even have a working product and even the ons that do have their own problems. For an example, Ethereum has been doing about 15 Tx/s and it's the second biggest crypto on Earth. But EOS has proven to be capable of 3972 Tx/s and that's while barely breaking a sweat. Basically the entire Ethereum network can be a single smart contract on EOS adn doing that would actually make Ethereum less congested and better better performing. But EOS has barely 1/7th th valuation of ETH.__ __Dash is another underappreciated one. It is valued at almost 1/100th of the BTC marketcap, yet it is the most used crypto in Venezuela. The following video summarize many information:__ https://youtu.be/cBPWkrJKLNA __Just visit https://discoverdash.com and see the power of DAO in action. Almost everything related to Dash was funded by itself. upto 10% of all Dash goes into funding various projects and currently about 6600 Dash is being allocated like this. Nobody single entity has control over Dash. But there is a massive paid full time team developing the product and it is simply the most professional DAO in existence. Dash operates just like any other large corporation like Square, Inc or PayPal.__ ## That's Why Dash Got Interviewed By Forbes Along With BitMEX and ConsenSys __It was actually the Delaware based C Corp Dash Core Group Inc which is actually legally owned by th global Masternode system (through a trust) that got interviewed by Forbes. You can read more about it here: https://www.forbes.com/sites/jonathanchester/2018/08/20/a-new-signal-of-maturing-cryptocurrency-markets-corporate-and-foundation-investment-arms/#459e78615394__ https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fjonathanchester%2Ffiles%2F2018%2F08%2FRyan-Taylor-Dash-Headshot.jpg __That's Ryan Taylor, The CEO of the company owned by the Autonomous Organization. A government could shut down one group. But they can do nothing about the DAO itself. Except for very few less professional projects, most centralized crypto development projects do not have this level of quality and functionality.__ # [Quorums in Dash](https://blog.dash.org/quorums-in-dash-e1f19a66f4bf) >__A quorum is a collection of entities that are able to vote on something. Every member is generally allowed to vote only once. If >= 51% vote for the same thing, majority is reached. Something either got the majority of votes or not, there should be nothing in between.__ >__This is useful if the likelihood of disagreement is too high, which for example is the case when it comes to propagation of transactions and handling of conflicts if they arise. Bitcoin introduced a policy to handle this, which is the first-seen policy. Dash inherited this policy. It basically means that if a conflict arises (e.g. a double spending transaction) the first seen transaction is the only one a node should accept and propagate while ignoring all others.__ __It's bit of a technical post. But you will find some great insights. This is actually a great instance where the second tier of Masternodes become a massive deal for the network. BTC, LTC, XMR, BCH or any other coin except for a Dash ripoff like PIVX, ZenCash, SmartCash are utterly incapable of implementing this kind of solutions due to possibility of "Sybil Attacks".__ __A simple description of a Sybil Attack would be one person making 1000 nodes and pretending to be 1000 different individuals. With Dash (or similar project) you need a collateral (1000 Dash, 10000 PIVX etc) to become a masternode.__ ## Visualize The Blockchain at https://dashradar.com __Just try the link and experience it for yourself.__ # Latest News on PIVX __Dash isn't the only great payment option. It is simply the one who is leading the pack. Don't forget these smaller gems either. They are all way ahead of the top dogs when it comes to everything important except marketcap.__ https://www.youtube.com/watch?v=qfDbxJYiI68
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