Julin GYS автор ресурса
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11 сентября 2017

China prohibits ICO. Dash vs Bitcoin, who wins? - Release # 78

Greetings to all, Dear Friends! This is seven-day coverage of news on Dash cryptocurrency. And here’s your newswoman – Julin GYS, creator of the channel WORLD of INTERNET BUSINESS. The price of  Dash for the past week attained the minimum $ 291.92 and the maximum of $ 367.98.

At the beginning of September Max Keiser and Stephen Baldwin from the popular RT media channel are starting a road trip across America named Great American Pilgrimage, producing a 16-episode reality show to record their journey. The Dash network raised $500,000 worth of donations to sponsor this show. For its money, the Dash community gets branding wrap on Keiser and Baldwin’s RV, and the hosts will wear branded merchandise. Keiser likes Dash structure, got turned down by Monero. He reportedly said he was approached by several blockchain-related projects to sponsor the show. He eventually chose Dash, he said, due to its enthusiastic community.

This month was a record setting month for the Dash Treasury Proposal system.  Over $1,500,000 in funding was allocated to 19 projects – none of which were submitted by the Dash Core team. The full increase is going to one huge project – Dash GAP which was for 2,000 Dash. From the Ukrainian Dash Community there is a proposal for a general sponsorship of the International Security Exhibition 2017. The Institute for Austrian Asset Management annual roadshow will also be sponsored by Dash. This is a good audience as they are “asset managers” and should welcome the Digital Cash message.

Why and how to buy Dash peer-to-peer. The main reason to use a peer-to-peer service is to avoid risks associated with centralization, namely that the service can be centrally shut down, hacked, or otherwise hampered due to its single point of failure. With a peer-to-peer exchange, the consumer base is able to play a direct hand in creating functionality, providing both liquidity and demand in whatever region is lacking. This allows Dash to spread more quickly in underserved areas if there is an upsurge in demand. Many buyers and sellers of cryptocurrency may not want their legal and financial identity associated with their crypto transactions. While centralized exchanges are forced to collect customer documents as part of AML/KYC regulations, peer-to-peer platforms are not, making them the preferred choice of those who value their privacy. For detailed information read the article.

But from their inception, ICO’s have raised concerns from some quarters. The top concern being: ICO’s tokens can be considered as forms of valuable security, and therefore are they subject to government regulations surrounding security offerings? It is difficult to understand why most of ICO are not valuable security. And just this past Monday, we saw the first shoe drop. The People’s Bank of China declared that ICO’s are illegal under Chinese law. ICO fiasco demonstrates the Dash fail-safe project. Thanks to blockchain and its block rewards that a project can solve the funding problem without running into the problems that other funding solutions have encountered along the way.

A series of free Dash-themed conferences is set to begin in Venezuela, starting in September. According to Eugenia Alcalá Sucre, Dash Caracas founder and organizer of the conferences in Caracas, the reception so far for the upcoming conferences has been positive and immediate These conferences are intended to be beginner’s conferences, introducing new users to Dash.  In a country experiencing heightened levels of political and economic strife, some enterprising citizens have turned to cryptocurrency, mining in particular, to find some financial relief. While cryptocurrency is still legal, in some cases there have been reports of arrests of miners over concerns of “energy theft” because of the electricity used in mining.

Dash vs Bitcoin: Has Dash Successfully Overcome Bitcoin’s Shortcomings? What Bitcoin blockchain weaknesses does Dash seek to overcome? Bitcoin’s weaknesses include a block size limit that slows transaction processing time and a 10-minute block creation period that constricts Bitcoin’s real world transaction usage by users. Dash developers baked their new blockchain to be the world’s first self-funding and self-governed blockchain protocol, with instant payments running on a network of incentivized Masternodes. Unlike Bitcoin, Dash introduced Masternodes to incentivize users with payments to secure the network and add cool transactional features like InstantSend. While Bitcoin transactions are pseudonymous and can be traced to their users, Dash introduced PrivateSend transactions that allow Dash users to opt for full privacy in their transactions. Read in the the article about other Dash developments.

With help from the community, we have discovered a potential exploit in the current InstantSend implementation which provides the chance for an attacker with 6 or more Masternodes to dominate an InstantSend quorum by brute forcing collateral transaction hashes in a certain way as to increase their chance to be selected for an IS quorum, which could provide the possibility to perform a double spend or a potential network fork.. Such attack executed on the network has not been seen yet and the developers believe the risks are low. However, for safety we have disabled InstandSend to ensure this attack cannot be performed. As a result, any InstandSend transactions made before 12.2 deployment will fallback to normal confirmation times, therefore users are advised to refrain from selecting InstantSend on payments in wallets until 12.2.

The Brazilian Dash-activist will tell you in English about success in development of Portuguese DASH-YouTube-channel.

And this was the news of the last week. Do not forget to subscribe to news on social networks, and you can discuss this and another news about Dash at the Dash-forum or on the Telegram-chat, links are given in the description. See you next time, friends!

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876 Автор Julin
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