While this kind of governance is more or less unique in the crypto world, criticism is sometimes expressed: people who want to run master nodes have to put aside a security of 1000 DASH. The critics believe that the fate of DASH would be in the hands of the rich.
What do you think about these concerns?
As much as one can understand such concerns: This reserve is a security reserve, a collateral reserve. Without this, an attacker could set up a large master node network at very low cost – and not only take control of DASH governance, but corrupt the anonymity and fungibility of the crypto currency. This security of 1000 DASH guarantees a decentralized network.
At this point I would also like to emphasize that our roadmap provides a concept called “Masternode Shares”, a concept that should ultimately allow everyone to participate in the network.
DASH on the market
In addition to DASH, there are other crypto currencies that focus on anonymity. Two months ago, Monero has grown drastically in terms of market capital. Recently, a strongly sponsored network called ZCash has been dancing in the round for anonymity. How do you position yourselves in this competition?
On the one hand, DASH’s primary focus is to offer the user a great user experience. Anonymity is only one of many features. Other projects that only focus on anonymity don’t have the whole picture in mind and often push anonymity in favor of usability.
DASH tries to realize anonymity in such a way that the use of mobile devices is not a problem. In addition, anonymity is deliberately kept optional – donations, for example, could be deliberately kept transparent so that DASH and Bitcoin can be used under certain conditions desired by the user.
DASH’s goal is to be a digital counterpart to cash for everyday transactions. That’s why we focus on solutions that can be used in everyday applications. In contrast, Bitcoin seems to be more of a valuable object like gold – which is why people often talk about digital gold.
By focusing on the aspect of “digital cash” (DASH does not stand for digital cash for nothing), we want to expand DASH’s position as a crypto currency for smaller, more frequent transactions.
DASH Evolution – the future of payments
We are approaching the end of the interview. Can you tell us something about the future plans under the heading “DASH Evolution”?
Oh, we have a lot to do! DASH Evolution is supposed to be the big milestone of development. We are working to make this milestone the future of payment systems.
Evolution will be a user-friendly, decentralized system that includes a web wallet for normal, non-technical consumers. Users will be able to pay as easily as with PayPal – without having to relinquish control over privacy or the money itself.
Sellers will benefit from the fact that the integration of a payment option via DASH can be integrated into an online shop with just a few lines of code. This will enable merchants to address the target group using DASH almost immediately.
Users and dealers will be brought together in a marketplace integrated in the wallet. In a nutshell – Evolution will offer a smooth user experience with regard to the purchasing process and correspond to the best practices of the large payments industry.
It’s always nice to see how enthusiastic people are about a demonstration of Evolution – in that respect Dash will also knock out the big marketplace!