In 2019 Dash implemented ChainLocks, an innovation which keeps the chain proof-of-work, but uses staked masternodes to lock in the first-seen block and make it irreversible.
All Dash transactions are locked by InstantSend and irreversible instantly, and blocks are made permanent.
Our friends at @firoorg also use ChainLocks. @decredproject, @zano_project, and others have similar hybrid models, while @eCash and @Zcash are moving towards hybrids.
Over time, the hybrid model will become the gold standard for proof-of-work coins.
Can we have true decentralization without sacrificing freedom or scalability? 🧐
Join us this Thursday for another $GEEQ space at 8PM UTC with guest speaker @RionGull as we dive into:
“Blockchain Trilemma: Decentralization & Freedom”
Let’s break down the myths and realities.
🗓️ Thursday 7th of August
⏰8 PM UTC
📍https://t.co/mZrQ2G7Mid
#Crypto #Web3 #Blockchain #Decentralization
@realericmoutsos I assume his and his loved one’s lives have been threatened.
He has no real choices in his office. Nobody in his office does , most likely.
🎥 Demo dell'SDK JS basato su Wasm - @Dashpay Incubator
📣 Riguarda la LIVE di poche ore fa, con @RionGull e @pshenmic!
$Dash #dash#devs
https://t.co/iijPARDtSQ
If your crypto has ________, well Dash did it first.
◦ a DAO
◦ privacy
◦ instant
◦ user-friendly
◦ masternodes
◦ massively scalable
◦ the most secure
◦ data contracts platform
Dash is borderless sound money, the best cryptocurrency for mass-adoption as money we all use.
@RionGull - great comment :
Context: Vitalik's blockchain trilemma mentioned "decentralization" as part of the trilemma.
The comment: Decentralization shouldn't have been on that triangle because it's only a means to an end.
@Justin_Bons replies - agrees decentralization is not the actual goal. The goal is freedom, censorship-resistance.
Me: completely agree with both of you!
@cppo_defi: wish I could chat about the "trilemma". In my view, it was an attempt to rephrase the problems in the Impossibility Theorems in Section 2 here.
You can't actually take on the Impossibility Theorems head-on.
Great conversation, have to hop off!
@RionGull - great comment :
Context: Vitalik's blockchain trilemma mentioned "decentralization" as part of the trilemma.
The comment: Decentralization shouldn't have been on that triangle because it's only a means to an end.
@Justin_Bons replies - agrees decentralization is not the actual goal. The goal is freedom, censorship-resistance.
Me: completely agree with both of you!
@cppo_defi: wish I could chat about the "trilemma". In my view, it was an attempt to rephrase the problems in the Impossibility Theorems in Section 2 here.
You can't actually take on the Impossibility Theorems head-on.
Great conversation, have to hop off!
@evilduck92 Most of the world’s best workers (CEOs, entrepreneurs, builders, etc) are working for corporations, not DAOs. Why?
I think it’s more of a structural problem with DAOs, honestly.
But I agree that the DAO voters need to fix the issue, so they’re ultimately responsible.
The problem with DAOs is that they haven’t figured out how to employ people at scale.
Most people work for the government (non-DAOs) because DAOs aren’t hiring (the free market isn’t hiring).