Dash Jumps to New All Time High on News of Arizona State University
Fortune and Dash Force News both report that Dash is launching a “Blockchain Research Lab” in partnership with Arizona State University. The new lab will be hosted at ASU’s Fulton College of Engineering and will focus on such pertinent questions as scalability, mining centralization, Blockchain security and energy efficient mining.
Earlier this year, Dash established offices at ASU’s Skysong Innovation Center, a type of incubator for technology-related startups.
Self-funded
The Blockchain Research Lab was funded directly by the Dash network to the tune of $50,000. Dash employs an innovative model by which 45% of the block rewards go to miners, 45% go to special nodes called masternodes, and 10% goes to fund the decentralized budget system. At current prices, Dash has a nearly $23 million annual budget.
In his budget proposal, Dash Core CEO Ryan Taylor stated:
“Dash is focused on becoming the first digital currency capable of mass-market adoption. We believe our incentivized infrastructure model offers a viable path to providing the capacity required to operate at massive scale. Validating and improving our approach through rigorous research offers enormous potential benefits to users over the long-term.”
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