Home Blockchain How to Spend Dash Cryptocurrency on Block Rewards Reallocation Rationale

How to Spend Dash Cryptocurrency on Block Rewards Reallocation Rationale

dash block reward sspend

Dash has been continually advertised to be the digital money that is better than Cash and this means it should be possible to spend it like real money. 

Dash tweeted:  Unlike many other cryptocurrencies which require waiting for multiple confirmations before you can spend it. Dash operates just like digital cash. Once you have received payment, you immediately have the freedom to turn around and spend it.

Sydney Ifergan, the crypto expert tweeted:  “The instant re-spend-ability factor makes the Dash cryptocurrency Great and practical.”

Masternodes help Dash Network to run efficiently even in situations when the transaction rates are very high.  Masternodes make on-chain scaling powerful and practical.  The network is powerful because of the robust internet connections and powerful hardware.

Dash Thailand are excited about the Dash Next announcement about their exciting partnership with the TradeX ecosystem and their new sports betting platform. By way of this partnership and integration, only Dash users will be able to enjoy up to 10% additional tokens, which they can use to bet on the TradeXSports app.

Dash Block Reward Reallocation Rationale

Amanda B. Johnson in the recent Dash Talk spoke with Ryan Taylor, Dash Core Group CEO.  The topic was about the proposal on how the Dash Block rewards get allocated and on the information to the community about What it is? Why? And, What the rationale is? He stated it obviously feels good to reach this milestone.

When asked why in his opinion the Block reallocation should happen in Dash, he responded stating, it is a very complicated answer, but I will try to simplify this as much as I can. Whenever a master network on Dash is created, it requires the collateral of a thousand Dash. In the past the numbers of Masternodes on the network has been increasing for a long period of time. And, that limited the grown of the circulating coins that weren’t collateralized in Master Nodes.  I did some research that showed that, there was not only correlation, but causation between these attributes on the network. And, that trend had reversed.

The numbers of Masternodes was actually shrinking and projected to continue to shrink. And, as that occurred, a large number of coins were reentering circulating supply and our growth rate over the last 3 years has exceeded 20% per year. You know and that creates a kind of inflation, especially against some of the other coins in the market place. And, that really was causing the coin itself to lose value. And, for people to lose faith in its ability to retain value, which has somewhat of a snowball effect to it.  And, so what this proposal is all about is addressing that short coming of the network in a way that permanently fixes that, in a way that extends our run way beyond this period of time, when the number of coins being created can cause that happen.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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