AltcoinsBlockchain DAppsDash (Darkcoin)

DASH Plans More Public Awareness, Adds Blockchain-Based Decentralized Governance Model

The Dash Project, formerly known as Darkcoin, plans to increase public awareness of the privacy-focused cryptocurrency’s development and has adopted self-sustainable decentralized governance via blockchain, according to its latest strategy update.

In terms of development, Dash’s current goals are to make the open source peer-to-peer cryptocurrency much more accessible to the general public. This will include the release of Android and iPhone wallet as well as stable version of the reference client.

Dash’s lead developer, Evan Duffield, stated:

We also feel that the development of the client has gotten quite a bit ahead of public awareness of the Dash project and what we’re about. So a large portion of the next two years will be a robust campaign to capture the average persons interest and present them with the advantages of our solution. This is going to be accomplished by the brand new concept of Blockchain based-funding.

The Dash Project management team have also stressed working in accordance to industry standards and have adopted a suite professional tools from Atlassian. The Australian firm developed and hosts the platform of applications, including issue tracking system JIRA, collaboration tool Confluence, and continuous integration and delivery tool Bamboo.

Duffield described how each of these tools would be used by the Dash development team:

  • JIRA – an industry leading tool – will be used for assisting the development and quality assurance by organizing to-dos and prioritizing issues. It will also be open up to the public so the community can easily help in bug testing/reporting.
  • JIRA Service Desk addon will handle community submissions to the teams working on Dash, whether they be bugs, ideas, or suggestions.
  • Confluence will be used for both internal and external documentation, with the intention of improving overall project documentation, and having a central place where community members can find information.
  • Confluence Questions will be used as a place where community members can ask and answer questions about Dash. It’s like a community maintained FAQ, where both team and community members can contribute by answering the questions raised. Combined with the superb search functionality of Confluence this tool can be used as the central place for distributed knowledge related to Dash.
  • Bamboo will be used by the development team for automated tests and builds

Dash has also adopted a blockchain-based governance model, which will permit the project to fund its own development and expansion while retaining freedom to innovate.

Duffield noted:

Something like a decentralized kickstarter built within Dash, that pays out from the blockchain for projects and investments that the masternode operators, through their votes, see as worthy.

We plan on having the first proposal funded via this method by early September, after that we’ll allow more and more proposals to be funded through the system along with modest developer salaries for implementing the core technology. Being that the budget system is 100% decentralized, the core team has no direct control of what gets funded, but we feel confident the community will stand behind the core team to implement the following strategy.

Earlier in the year, Duffield articulated in a blogpost this blockchain-based decentralized governance model.

The Dash management team have developed a framework of how the budget allocation will progress through the decentralized governance model.

Dash budget

In the project update, Duffield also discussed the recent debate raging across the Bitcoin Ecosystem regarding whether or not to increase Bitcoin’s block size limit.

Duffield indicated Dash thoughts on the issue and potential countermeasures:

For the Bitcoin project, both sides are correct in their assumption that the blocksize issue is a real problem. However, they’re stuck in between a rock and a hard place. If they increase the blocksize, they will risk losing more full nodes due to the cost of operating a node, which in turn makes the network less robust and prone to DDOS attacks and other issues. If they don’t increase the blocksize, the network will become increasingly more expensive to send money on and naturally competitors will begin to look more attractive to the general public.

As for our position in this debate, we’re not in any immediate danger and have a plan for how to deal with this issue when it comes up. In fact we’re already planning the tools for how we will support a massive amount of transactions. What if we kept the blocksize limit at 1MB and had a great wallet for general users that used off-chain transactions the majority of the time? As a result we would have a small blockchain, low fees and nearly limitless transaction support. The goal is to stay lean and allow for growth at the same time.

Dash also has the next version of its reference client, which includes important changes, in the public testing stage and accessible on the project’s testing thread.

Duffield noted:

If you have the time and would like a sneak preview, you can go to our testing thread download the latest binaries and help test it using test Dash.

We expect V12 to be launched onto mainnet in early August, this will be followed by a campaign to get all pools updated then a hard-fork. Soon after that, we’ll start our outreach campaign and implementation of all future technology using the budget system.

According to CoinGecko, Dash is the fifth ranked cryptocurrency in the world.

Journalist, policy analyst, and evangelist of new, disruptive technologies including big data analytics, Internet of Things, and cryptocurrencies. Internet industry veteran with regional c-suite experience, and journalist credentials earned at, Internet World magazine, and Mecklermedia Corporation.
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