{"id":16951,"date":"2016-06-27T22:38:05","date_gmt":"2016-06-27T14:38:05","guid":{"rendered":"https:\/\/www2019.dash.org\/2016\/06\/27\/dashs-dao-at-10-months-a-progress-report\/"},"modified":"2021-09-18T11:40:10","modified_gmt":"2021-09-18T11:40:10","slug":"dashs-dao-at-10-months-a-progress-report","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/dashs-dao-at-10-months-a-progress-report\/","title":{"rendered":"Dash\u2019s DAO At 10 Months: a Progress Report"},"content":{"rendered":"
Like all blockchain-based networks, Dash has been a Decentralized Autonomous Organization (DAO) from the start. But unlike almost all networks that are forked from or similar to Bitcoin, Dash\u2019s ecosystem has been\u00a0massively remodeled<\/a>\u00a0since its birth.<\/p>\n In August 2015, 10% of Dash\u2019s block reward became available for funding whatever the network deemed necessary above and beyond its miner and masternode infrastructure. The following month in September, the first\u00a0payouts<\/a>\u00a0were voted upon by Dash\u2019s then ~3100 masternodes.<\/p>\n Contractors<\/p>\n The first proposals to receive requisite \u201cyes\u201d votes from Dash\u2019s masternodes were to hire various contractors. A\u00a0\u201cCore Team\u201d salary<\/a>\u00a0was voted in, supporting both full and part-time contractors under an umbrella fund created by lead developer Evan Duffield.<\/p>\n Andy Freer has been hired to develop Dash\u2019s forthcoming\u00a0Evolution<\/a>, and Ira Miller of Git Guild has been hired to integrate Dash into a series of\u00a0Lamassu ATMs<\/a>.<\/p>\n Projects & Events<\/p>\n In addition to ongoing contractor payments, many standalone projects have been funded:<\/p>\n In a category that might be called \u201cbasics,\u201d there\u2019s been the creation of a Dash\u00a0foundation<\/a>, the web design of Dash\u2019s\u00a0homepage<\/a>, the purchase of domain\u00a0Dash.org<\/a>, and the acquisition of\u00a0DashTalk forum<\/a>.<\/p>\n For general usability, there\u2019s been the funding of\u00a0\u201cliquidity providers\u201d<\/a>\u00a0to decrease PrivateSend mixing times, coding of\u00a0Electrum wallet<\/a>\u00a0for Dash support, a Dash debit card via\u00a0SpectroCoin<\/a>, integration with hardware wallets such as Trezor and KeepKey, a vendor-geared\u00a0Wi-Fi portal<\/a>, a\u00a0WooCommerce<\/a>\u00a0\u201cPay with Dash\u201d plugin, and an integration with the\u00a0ROKOS<\/a>\u00a0operating system.<\/p>\n And in the promotional category, there\u2019s been material distribution at a\u00a0Brazilian tennis match<\/a>,\u00a0sponsorship of The Daily Decrypt<\/a>,\u00a0promotional graphics<\/a>\u00a0by Alex-ru, the\u00a0DashnDrink<\/a>\u00a0vending machine with InstantSend support, a four month marketing campaign from\u00a0The Vanbex Group<\/a>, and a three month video campaign of\u00a0DASH: Detailed<\/i><\/a>.<\/p>\n Speeches and presentations have also been funded, given at the Latin American Bitcoin Conference, Miami\u2019s TNABC, Amsterdam\u2019s Bitcoin Wednesday, Satoshi RoundTable, and Anarchapulco.<\/p>\n Policies & \u2018No\u2019 Votes<\/p>\n Several proposals have received \u201cno\u201d votes, from hiring a specific marketing agency to \u201ccatch-all\u201d proposals for sending un-allocated coins to a \u201ccore\u201d fund; from changing Dash\u2019s mining algorithm\u00a0away from X11<\/a>\u00a0to funding research for \u201cproof-of-labour\u201d security alternatives.<\/p>\n Policy matters have also been decided, such as increasing Dash\u2019s block size cap\u00a0from 1MB to 2MB<\/a>\u00a0should it become necessary (\u201cyes\u201d) to de-activating Dash\u2019s YouTube channel mirror (\u201cno\u201d).<\/p>\n Effects on Capitalization & Network<\/p>\n When the new DAO was adopted by the network in August 2015, Dash\u2019s market capitalization was roughly $18 million USD. Now, ten months later, that number has tripled to $58 million USD. This puts Dash near its post-release all time high capitalization of $60 million USD \u2014 a feat many, and perhaps most, blockchain networks have not accomplished.<\/p>\n The network\u2019s voterbase and infrastructure has also grown, as masternode count has increased 20% from an initial ~3100 to today\u2019s ~3900.<\/p>\n http:\/\/dashpaymagazine.com\/index.php\/2016\/06\/23\/dash-dao-10-months-progress-report\/<\/a><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" <\/a><\/p>\r\n Like all blockchain-based networks, Dash has been a Decentralized Autonomous Organization (DAO) from the start. But unlike almost all networks that are forked from or similar to Bitcoin, Dash\u2019s ecosystem has been\u00a0massively remodeled<\/a>\u00a0since its birth.<\/p>\r\n In August 2015, 10% of Dash\u2019s block reward became available for funding whatever the network deemed necessary above and beyond its miner and masternode infrastructure. The following month in September, the first\u00a0payouts<\/a>\u00a0were voted upon by Dash\u2019s then ~3100 masternodes.<\/p>\r\n Contractors<\/p>\r\n The first proposals to receive requisite \u201cyes\u201d votes from Dash\u2019s masternodes were to hire various contractors. A\u00a0\u201cCore Team\u201d salary<\/a>\u00a0was voted in, supporting both full and part-time contractors under an umbrella fund created by lead developer Evan Duffield.<\/p>\r\n Andy Freer has been hired to develop Dash\u2019s forthcoming\u00a0Evolution<\/a>, and Ira Miller of Git Guild has been hired to integrate Dash into a series of\u00a0Lamassu ATMs<\/a>.<\/p>\r\n Projects & Events<\/p>\r\n In addition to ongoing contractor payments, many standalone projects have been funded:<\/p>\r\n In a category that might be called \u201cbasics,\u201d there\u2019s been the creation of a Dash\u00a0foundation<\/a>, the web design of Dash\u2019s\u00a0homepage<\/a>, the purchase of domain\u00a0Dash.org<\/a>, and the acquisition of\u00a0DashTalk forum<\/a>.<\/p>\r\n For general usability, there\u2019s been the funding of\u00a0\u201cliquidity providers\u201d<\/a>\u00a0to decrease PrivateSend mixing times, coding of\u00a0Electrum wallet<\/a>\u00a0for Dash support, a Dash debit card via\u00a0SpectroCoin<\/a>, integration with hardware wallets such as Trezor and KeepKey, a vendor-geared\u00a0Wi-Fi portal<\/a>, a\u00a0WooCommerce<\/a>\u00a0\u201cPay with Dash\u201d plugin, and an integration with the\u00a0ROKOS<\/a>\u00a0operating system.<\/p>\r\n And in the promotional category, there\u2019s been material distribution at a\u00a0Brazilian tennis match<\/a>,\u00a0sponsorship of The Daily Decrypt<\/a>,\u00a0promotional graphics<\/a>\u00a0by Alex-ru, the\u00a0DashnDrink<\/a>\u00a0vending machine with InstantSend support, a four month marketing campaign from\u00a0The Vanbex Group<\/a>, and a three month video campaign of\u00a0DASH: Detailed<\/i><\/a>.<\/p>\r\n Speeches and presentations have also been funded, given at the Latin American Bitcoin Conference, Miami\u2019s TNABC, Amsterdam\u2019s Bitcoin Wednesday, Satoshi RoundTable, and Anarchapulco.<\/p>\r\n Policies & \u2018No\u2019 Votes<\/p>\r\n Several proposals have received \u201cno\u201d votes, from hiring a specific marketing agency to \u201ccatch-all\u201d proposals for sending un-allocated coins to a \u201ccore\u201d fund; from changing Dash\u2019s mining algorithm\u00a0away from X11<\/a>\u00a0to funding research for \u201cproof-of-labour\u201d security alternatives.<\/p>\r\n Policy matters have also been decided, such as increasing Dash\u2019s block size cap\u00a0from 1MB to 2MB<\/a>\u00a0should it become necessary (\u201cyes\u201d) to de-activating Dash\u2019s YouTube channel mirror (\u201cno\u201d).<\/p>\r\n Effects on Capitalization & Network<\/p>\r\n When the new DAO was adopted by the network in August 2015, Dash\u2019s market capitalization was roughly $18 million USD. Now, ten months later, that number has tripled to $58 million USD. This puts Dash near its post-release all time high capitalization of $60 million USD \u2014 a feat many, and perhaps most, blockchain networks have not accomplished.<\/p>\r\n The network\u2019s voterbase and infrastructure has also grown, as masternode count has increased 20% from an initial ~3100 to today\u2019s ~3900.<\/p>\r\n