Dash News: Different Budget System, Dash Trust Protector Election Software

The Deputy CTO of Dash Core Group Nathan Marley who developed the software announced the launch of the software in a blog post on Saturday, March 9, 2019.

He wrote:

“A couple [of] months ago I was approached and tasked with building a voting system for gathering votes for the Dash Trust Protectors…This is done, and I wanted to announce the release of this software.”

In his post, Marley explained to the Dash community the details of the software, its features, as well as its front end and back end functions.

Another tweet has been posted to Dash wall that read:

“Dash Trust Protector Election software has been released! A full voting system comprised of Vote Collector API, a front end website, and Vote Verification and Tally for gathering votes and electing Dash Trust Protectors.”

Dash blockchain has released a new version of its blockchain election software known as the “Dash Trust Protector Election software” as an effort towards complete decentralization of the Dash Autonomous Community.

A New Decentralized Voting Software

Firstly, Nathan argued that the network needed the special voting site as the regular could not fully serve the purpose.

He explained:

“This is actually different from the current budget system in that it’s not a simple binary yes/no, and the MN owners or e.g. share their voting keys with MN operators, may not want to delegate or shareability to vote for the Dash Trust Protectors…we determined that we needed to use the MN collateral key for signing and verifying messages.

Last two years, Dash Autonomous Organization was created to oversee all the operations of the Dash Core Group (DCG). However, the Trust Protectors of mostly became members of the DCG thereby undermining the decentralization of the network, hence the need for the special voting software.

Governance on DASH is handled through a form of decentralized autonomous organization in which decisions are made on a blockchain via master nodes who must have up to 1000 DASH coins.

Features of Dash Trust Protector Election software

According to Nathan, the software architecture involves 3 interwoven sections namely the backend API, the frontend website and the vote validation and tallying tool. The set up will validate or reject votes and collate them after the voting period ends this month.

Other Dash News

Dash, which started out as a fork of Bitcoin now supports a number of other applications beyond cryptocurrency payment. Its flagship product, the Dashpay is its effort to improve financial remittances in third-world countries as it prides itself as ‘Money for people who are free.’

As Smartereum reported last week, DASH Core group proceeded to cut down its staff as an effort to stay financially sound. CEO Ryan Taylor first announced the “cost-cutting measure” last month ad set a March 7 date to implement the cut. At the time DCG recorded 49 members. At the time of writing, the team is down to 45 members as Head of Strategy Alexander Chopan, and Head of Business Development Bradley Zastrow lead the list notable exits. The entire Human resources division was also cut off.

Dash team of developers is currently focused on its Dash Evolution project (Dash Evo) and Nathan noted he had to work alone on the Voting software to allow the team delivers aspects of Evo like the DashPay wallet on time.


Dash (DASH) Price Today, How much is 1 DASH?

Dash is down about 2% from the last 24 hours currently trading at $81.7 to the USD. It is ranked at 15th position with a total coin market capitalization of $709 million. Its transaction volume in the last 24 hours reached $200 million and about 80% of the trades happened on South Korean Bithumb exchange according to data from coinmarketcap.

Find All RLC Crypto, Zcoin, NEO Coin, Dash Crypto Price News in Smartereum.com.

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.


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