A Dash Update – Evan Duffield Speaks About LaBitConf

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November 6, 2016 – Evan Duffield popped into the Dash Nation Slack Channel today to provide a nice little update on where the project is heading, and impressions from the 2016 LaBitConf conference in Buenos Aires, Argentina. Dash had a premium speaking spot there and made quite a few new contacts there. Here’s what Evan had to say:

Hello everyone!

I just wanted to pop in and say the conference was wonderful, labitconf is one of our best events of the year, maybe the best event. This time we were giving a premium slot, more time to talk and an audience that is geared exactly to what we’re building. Many people came up to me afterward and there was a line to speak to me. People were dazzled by what we’re doing. We were also able to speak to many of the new businesses at the conference directly and have made some new inroads that will result in some very good partnerships we’ll be announcing over the next few months.

The booth in general was also a success, I personally spoke to many people and saw their eyes light up when describing our decentralized app marketplace concept, showing off some screenshots of our Evolution GUIs we’re working on, then finally describing our plans for a replacement to online banking. These concepts, backed by pure decentralization really resonate with the people of latin america. It seems like a great strategic place to grow Dash usage, due to this it could become our primary growth target for the next few years.

The information that we were sharing at the booth was private at the time and I’m happy to show off some of the more fancy pieces of evolution that we’ve been working on. Here is an image of our current mockup of the evolution, as you can see in the image, the idea is that no matter where you login you’re hitting the same backend, powered purely by the masternode network and seeing the same resulting data. Automatically syncing between devices, just like a centralized entity.

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So what do these tabs do?

Accounts allow you to move funds seamlessly between the public ledger and the private ledger, using just a simple DAPI call which mixes coins on the fly. The savings account is a completely new concept, where masternode shares are automatically created, masternodes are ran on the users behalf and then some of the rewards are then paid back to the user, creating a form of “interest”. The “interest rate” (in quotes because the concepts don’t exactly match) of an individual masternode is about 15% currently, even if it’s split 2/3 to the administrator, that still yields 5%, which will allow us to compete with the banking industry directly.

Apps, or our Marketplace as I like to call it, will have every merchant available in our space. Ready for use with a single click. Say you want to buy a television, you will be able to search this tab via keywords and find all matching merchants that are supported. When you find one you like, you can “authorize” them, allowing the two of you to privately exchange money and products.

Our network will manage every “mission critical” process that it requires to buy, sell, or mediate user transactions. Mediation will be done via sentinel business rules and a new class of governance object, called the payment request.

As another note, we’ve decided we don’t need a physical office. I was exploring the concept and eventually decided it’s too early in the project and I’d like to open the first office sometime in 2017, however, we don’t have any idea where yet. I’m going to be traveling a lot in 2017, as well, I want to work directly with some of our main talent. There’s no better way to build Dash out over the next year, then just diving into it head first. I’ve finally been freed up of most of my responsibilities as well, so I’m going to be jumping back into coding 12.1 and helping to finish the release as soon as I get back to Phoenix (which will be tomorrow). Once the release is looking solid and ready to push out to the network, we are going to do an hour long (or even more) demonstration of the various pieces that we have almost complete. We’re working presently on DashDrive, DAPI, 12.1 and preparing for 12.2. We are very, very close to being ready to start the next phase of this project and popping our project into the next gear.

As for what we do need instead of an office, it’s more highly talented c++ developers, that understand blockchain technology. I want another 2 or 3 Udjins/Tims (our highest talented core developers) to help with 12.2, but we’d like to onboard them now. It takes a good amount of time to onboard someone like that, so we would like to start asap. If you know anyone that’s highly talented and interested, please email me at evan@dash.org.

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