{"id":56667,"date":"2020-08-02T00:40:56","date_gmt":"2020-08-02T00:40:56","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=56667"},"modified":"2021-09-18T11:41:42","modified_gmt":"2021-09-18T11:41:42","slug":"miners-and-masternodes","status":"publish","type":"post","link":"https:\/\/wp.dash.org\/news\/miners-and-masternodes\/","title":{"rendered":"Miners and Masternodes: Dash\u2019s Two-Tier Blockchain Architecture"},"content":{"rendered":"
A portmanteau of \u201cDigital Cash,\u201d\u00a0Dash<\/a>\u00a0is an altcoin that started life as a fork of Bitcoin in 2014.<\/p>\n Since then, the blockchain has developed its own unique architecture to help fulfill its goal of becoming a dependable digital cash solution for the global economy. This is what Dash calls the proof-of-service algorithm \u2013 a two-tier network structure that uses both miners and masternodes on different layers.<\/p>\n Anyone looking to get involved with mining or staking Dash will want to familiarize themselves with this model, which has also been implemented by many other cryptocurrencies.<\/p>\n Miners, or nodes, are responsible for solving the complex cryptographic puzzles needed to introduce new coins to the network and facilitate transactions on the blockchain. Just like with Bitcoin and every other proof-of-work cryptocurrency.<\/p>\n Masternodes represent a second, more superior layer of governance that not only helps with providing quicker transactions (InstaSend<\/a>), and private transactions (PrivateSend<\/a>), but also acts as an………….<\/p>\n <\/p>\n Please read Full Story at:<\/p>\n","protected":false},"excerpt":{"rendered":"A portmanteau of \u201cDigital Cash,\u201d\u00a0Dash\u00a0is an altcoin that started life as a fork of Bitcoin in 2014. Since then, the blockchain has developed its own unique architecture to help fulfill its goal of becoming a dependable digital cash solution for the global economy. This is what Dash calls the proof-of-service algorithm \u2013 a two-tier network…","protected":false},"author":5,"featured_media":56668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"class_list":["post-56667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n