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Dash Project Overview Amsterdam, 7 th October, 2015

Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

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Page 1: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash

Project OverviewAmsterdam, 7th October, 2015

Page 2: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash as digital money for everyday

financial transactions

Dash Vision

Page 3: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Agenda

3

2

1

Innovative Dash TechnologyMasternodes, InstantX, DarkSend and Budget System

Project Management in Dash

Introduction to Dash fundamentals

Page 4: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Agenda

1Introduction to Dash fundamentals

Page 5: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

What is Dash?

• Dash the monetary token and payment platform.

• Dash the decentralized organization behind it.

• Four fundamental aspects of Dash.• Incentivized infrastructure

• Decentralized Governance and Funding

• User oriented added value features

• Innovation

Page 6: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Incentivized Infrastructure

1000 DASH

Miners Masternodes

Page 7: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

DECENTRALIZED GOVERNANCE AND FUNDING

PROJECTS

Page 8: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

User oriented added value features

Instant transaction confirmations

Privacy and Fungibility

Future applications:

scalability, ease of use

Additional decentralized applications

Page 9: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Innovation

Page 10: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Agenda

2Project Management in Dash

Page 11: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Project Team and Organization

Page 12: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Centralized vs. Decentralized

Is decentralized project organization better?

Page 13: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Challenges

• Project Organization

and Collaboration

• Communication

• Quality Assurance

• Processes

Challenges

Page 14: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Marketing and

Promotion

Business

Development

Project Structure

and

Organization

Software

Development

and OperationsCrowdsourcing

Project Development Support

Page 15: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

How Do We Address The Issues?

Processes and Methodologies

Page 16: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Agenda

3Innovative Dash TechnologyMasternodes, InstantX, DarkSend and Budget System

Page 17: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

• Why'd I Start Dash?

• What Is Dash?

• What's the goal? Rethink Everything!

Introduction to Dash:

Innovation Security Scalability Decentralization the Human Effect

Page 18: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Solving Problems in crypto-currency

How do we solve

these problems?

Governance

Page 19: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Fixing Decentralized Scalability

Infrastructure and Team Scaling

• How do Centralized companies provide this?

• Decentralized projects can't grow effectively

• Team scalability

Should miners get 100% of the reward?

Solution: Second Tier

Page 20: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

What Is The Second Tier

• Managed Infrastructure

• On-Demand Services

(Privacy and

Instant Transactions)

• Voting Powers

• Quorum Powers

2nd tier

Users

1st tier

Operators

Page 21: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Solution: InstantX (Decentralized Oracles)

What is proof-of-work?

• Miners compete for blocks,

if they disagree?

Dash has a better concept

• Trustless decentralized oracles

to lock transactions

Fixing Speed

Page 22: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

$100

Fixing Fungibility

$220!$230 $240

Solution:

Second Tier

Mixing,

DarkSend

• Privacy using the 2-tier system

• Fungibility side: No one should have to

worry about if their money came from

an illegal transaction.

• Privacy side: The blockchain is public

and our users shouldn't be spied on

$100 $100

Page 23: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Solution:

Decentralized Governance

and Budget System

• Revolutionary Concept

• 100% Decentralized

• Use the human element

and wisdom of the crowd

Fixing Governance

Requirements:

• Clearly defined

• Quick

• Efficient

• Effective

Page 24: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash Decentralized Funding

• Core Team Funding

Provided by the Network

• Completely Trustless and

Decentralized

• Core Team Elected

by the Network

• run the virtual currency

• can be over turn

at any time

Page 25: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash Budget Proposals

Page 26: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash Budget Proposals

Page 27: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash Budget Proposals

Page 28: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Introducing the Virtual Corporation

• Core team is elected by

network

• Core team is paid by

network

• Governance is trustless and

decentralized

• Revenue Stream is provided

from the network itself

• Growth oriented : Aim is to

provide ecosystem growth

Page 29: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

What’s Next

For Dash?

Page 30: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash Evolution

Page 31: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Dash: Digital Cash

Reinventing Money

Page 32: Dash Presentation - 7 October 2015 - Evan Duffield, Daniel Diaz, Robert Wiecko and Balázs Király

Q&A