Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions and a self-funded, self-governed organizational structure. Dash is a fork of the Bitcoin software and is referred to as an altcoin.
Decentralized Autonomous Organization
Dash's self-funded, self-governed organizational structure, referred to as the treasury system or decentralized governance by blockchain, makes Dash a decentralized autonomous organization (DAO). A global network of masternodes vote on proposals for improving Dash's ecosystem. Approved proposals are funded from the treasury, which receives 10% of all newly created Dash, with 45% allocated to miners and 45% to masternodes. Running a masternode requires ownership of 1000 Dash.
Dash Funded Initiatives
The Dash DAO funds a number of initiatives.
ASU Blockchain Research Laboratory
Arizona State University's Blockchain Research Laboratory requested $350k in funding from Dash's treasury to create blockchain-focused scholarships, an online blockchain course and perform research pertaining to Dash. The proposal passed and Arizona State University received funding in December 2017.
Alt Thirty Six is a Dash-funded project that provides a payments platform for the legal cannabis industry in the United States. The company received $496,000 in funding from Dash's treasury.
An organization called Dash Venezuela has held 8 conferences as of 2018 in Venezuela aimed at community outreach and promotion of the cryptocurrency. It promotes Dash as a method of payment and operates a Spanish-speaking technical support centre for problems related to Dash.
KuvaCash is a Dash-funded startup that aims to offer a payment solution in Zimbabwe. The project received $550k in funding from Dash's treasury and passed with 871 votes in favour to 357 votes against.
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