DASH PUBLISHED A ROADMAP

Updated: 07/07/2017 03:37
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dash roadmap published
Learn about the road map released by Dash top cryptocurrency to make up ambitious plans by 2020, experts opinion, plans for the future
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Learn about the road map released by Dash top cryptocurrency to make up ambitious plans by 2020, experts opinion, plans for the future

Dash, the top-level crypto currency, focused on payments, revealed its long-awaited road map, as well as ambitious plans for 2017-2020 and beyond.

The road map is an 8-page document, publicly available on the Dash website, there are detailed stages of the launch of the iconic product - a decentralized platform created with the emphasis on complete security, convenient for the seller and the consumer, worldwide accessible, fast, working on any computer or portable device And with commissions much lower, compared to any other payment method. Dash Evolution has been under development for almost a year and a half and has already overcome two-thirds of the way to its release in June 2018. The alpha test version of Evolution is scheduled for December 2017, it will be available to some Dash business partners. The limited functionality of Evolution will be available for the main network in February 2018, the release of the full version of the Evolution is scheduled for June.

Dash CEO Ryan Taylor says: "Dash Evolution will dramatically improve the experience of using a digital currency. Our aim with Evolution is to tear down the barriers to adoption for both merchants and consumers so that any person, no matter their age, nationality, education, or technical proficiency, can use digital currency everyday and for almost any purpose. Think of Evolution as online payments, a system similar to PayPal or Venmo, but completely decentralized, so that a user is always in control of his or her own money. Moreover, Evolution will be incredibly inexpensive, with no cross-border fees or restrictions. Disruptive innovation in the payments space is accelerating; with our approach, Dash could be the first to bring digital currency to a truly massive audience."

Evolution will join the extensive list of Dash updates that will allow the protocol to cope with millions of transactions per day, being confirmed in just a few seconds.

CTO of Dash Core Andy Freer said, "We are already in talks with channel partners who have access to thousands of merchants; the days of losing 3% cuts against each sale are numbered. Through continuous development and testing phases, Dash will begin onboarding merchants, fiat converters, gateway services and users, listen closely to their feedback, and adjust the platform accordingly. Evolution is a massive endeavor with gigantic promises, but we will accomplish our goals through the help of an All-Star team of dozens of the world's best programmers, researchers, project managers, technologists, and user experience experts. We're working every day to ensure that Evolution will be a superior payments option embraced by millions."

Dash plans to enable the function of processing large amounts of payments at merchant stores and sale points offline, on portable devices and through online services simultaneously, using the Proof of Service masternode model, as well as using Dash-specific chips capable of processing transaction much faster than a regular computer. This project on creating a special "hardware" will be run by the new Dash department, engaged in science and development - Dash Labs. It is headed by CTO Andy Freer, as well as the founder and senior advisor of Dash Evan Duffield.

"Dash Labs will be responsible for the research and development of custom, open-source hardware, including specialized chips for accelerated processing of blocks. We've seen how difficult it is for a blockchain to scale, especially when adoption is growing so fast. Both Bitcoin and Ethereum are having serious slow-downs when they approach 300,000 transactions per day. Ours is a different philosophy, one that actually aligns most closely with the Bitcoin inventor's vision that nodes would eventually grow into individual server farms, with users accessing from lite clients. The P2P network becomes the backend of the currency, with the frontend comprised of the end-users," Freer said.

Dash will reduce the unbalance of mining observed in other Proof-of-Work networks and allow the network to scale, as the system compensates for the operation of the equipment necessary for network maintenance. Masternodes will become more powerful, but the incentive model will be paid by providers for their work, so that they, in accordance with the increasing need of Dash in complex equipment, have the opportunity to purchase it.

Ambitious plans on creating the specialized hardware are expected to be implemented in 2020, these plans include the Masternode transfer to individual chips, which will scale Masternode to the point where it can occupy the entire data center.

"We are delighted to announce our intentions to the world. The Dash community aims to reinvent money and how it works to create a world of financial opportunity and freedom on a massive scale. By providing the world's first truly usable digital cash that can reach every person on earth with a phone, we believe the possibilities to transform people's lives is immense," says Ryan Taylor.


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