Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero
Mining Calculator Bitcoin, Ethereum, Litecoin, Dash and Monero
Bitcoin-Mining-Profit-Rechner in BTC & Euro bitcoinMag.de
9 Best Bitcoin Mining Pools: Legit Sites (2020 Companies)
Bitcoins: Geld mit dem eigenen Computer selbst ... - PC-WELT
DASH ELI5 | Bullet Point Format
Difference between DASH and Bitcoin
Bitcoin takes too much time to be accepted in point-of-sale(POS) application due the requirement for the network to varify the transactions.
Dash is based on the work of Satoshi Nakamoto with built-in privacy functions.
Dash Masternode Network
Full node servers running P2P networks receieve updates and events about the network.
The new reward scheme has been proposed Microsoft Research and Bitnodes incentive program.
Nodes provide the network with the ability to synchronize and fast broadcast messages throughout the network.
Dash masternodes have high availability and provide the standard amount of service needed to the network to take part in the masternode reward program.
Masternodes are full nodes, just like the bitcoin network but the owner of the node must provide a standard of service and and a collateral to participate.
The operator must have control over 1000 DASH should be online to provide service.
Masternodes are all paid from the block reward program, 45% of all DASH is dedicated to this program.
The reward for a particular day can be calculated using the formula (n/t)rb*a Where:
n is the number of masternodes an operator controls
t is the total number of masternodes
r is the current block reward (presently averaging about 3.3 DASH)
b is blocks in an average day. For the Dash network this usually is 576.
a is the average masternode payment (45% of the average block reward)
A special algorithm is used to create a pseudo-random ordering of the masternodes.
This is done so every masternode as a random chance of being selected to verify the transactions
Let us assume the dash network has 4800 active masternodes.
Each masternode as a collateral of 1000 DASH, which means 4,800,000 DASH is collateral.
To control the Dash network an attacker would need to buy 1000 DASH on the open market. Buying this amount is almost impossible as the price would also increase linearly.
There is also the pseudo-random order generator which does not guarantee the transactions validated will be from the attackers node.
The status of the node is broadcasted to the network using protocols.
Only two messages are needed to activate your Masternode:
Masternode Announce Message
Masternode Ping Message
Other messages are proof-of-service message, PrivateSend,and InstantSend.
Masternodes are formed by having 1000 DASH in a single address in the Dash wallet and will make it capable of being propagated across the network.
A secondary private key is used henceforth for signing.
Cold mode is possible by using the secondary private key on two different machines
The “hot client”, the machine holding the 1000 DASH, signs the 1000 DASH input including the secondary key in the message.
The “Cold client” see the message which includes the secondary key and activates as a masternode.
Now the “hot client” can deactivate and leaves no possibility of an attacker gaining access to the masternode.
When a masternode is started it sends a “Masternode Announce” message to the network.Message: (1K DASH Input, Reachable IP Address, Signature, Signature Time, 1K Dash Public Key, Secondary Public Key, Donation Public Key, Donation Percentage)
After that a ping message is broadcasted proving the node is still alive. Message: (1K DASH Input, Signature (using secondary key), Signature Time, Stop)
Dash believes in a standard teustless implmentation to improve privacy.
PrivateSend is an extended version of the CoinJoin by employing a series of improvements such as decentralization, strong anonymity by using a chaining approach, denominations and passive ahead-of-time mixing.
Lets say 0.5 BTC was sent. Private send will break apart the transaction to, for example, 0.3+0.19+0.01=0.5
The more transactions going through the mixer exponentially increases the difficulty
These sessions though can be de-anonymized at any point in the future.
Using masternode Quorums, users can receive confirmations DASH instantly.
Once there is a quorum, the transaction is locked and can only be spent on that transaction. This transaction lock takes around 1-2 seconds.
This feature allows point-of-sale applications and also face-to-face transaction.
X11 hashing algorithm
Mining supply: There is a reduction of 7% of supply per year.
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