Governance of Dash in Venezuela

in #bitcoin7 years ago

While in most cryptocurrencies 100% of the block profit is destined for the miners, in Dash 45% of the profits correspond to the miners, another 45% is destined to the so-called "master nodes", and the rest is awarded to the Treasury.

When a proposal is submitted to the Dash Treasury, it is the master nodes who vote to approve or disapprove the project. Each master node corresponds to one vote and for a project to be approved, it must have at least 10% of the total votes.

A master node is one that has stored at least a thousand tokens of this cryptocurrency.

According to Eugenia Alcalá, founder of Dash Venezuela, it is this "decentralized assembly system" that makes the presentation of projects accessible to the treasury and facilitates decision-making so that it is approved, a system that, in turn, makes strong to the currency platform, it prevents bifurcations occur in the Blockchain as it happens with other digital currencies.

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