Announcing DIP 27 - Dash Core Credit Pool

[thephez]

We're pleased to announce the release of DIP 27! This new proposal describes the mechanism for locking and unlocking Dash in a new store of value on the Core chain. The store of value, called the credit pool, mirrors the credit balance on Dash Platform. New special transactions (asset lock and unlock) enable locking Dash in the credit pool for use on Platform and unlocking it to withdraw back to Dash on the Core chain.

You can read all the details about DIP 27 on GitHub. Thanks to the authors that assisted in creating this DIP, and special thanks to everyone who contributed to writing and reviewing it.

 

[vazaki3]

Once again the deamon possessed DCG deals with bullshit.

There are one billion ways to die, one way to live.

You are spending your time to meaningless things, and you are going straight to hell.

How the market reacted to the release of the EVO bullshit?

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Dash, the pulse of the Dead....

Vote the numbers, stupid!
Vote the numbers!

 

[GrandMasterDash]

I wouldn't say it's meaningless. My understanding, this is basically the equivalent of payment channels on lightning. From a macro point of view though, this does nor help with future scaling i.e it discourages alternatives to the masternode network and, random guess, opens up an attack vector to clog up the Platform chain, which should be faster e.g. deposit, withdraw, repeat. Some classification would be helpful.

 

[thephez]

I wouldn't say it's meaningless. My understanding, this is basically the equivalent of payment channels on lightning. From a macro point of view though, this does nor help with future scaling i.e it discourages alternatives to the masternode network and, random guess, opens up an attack vector to clog up the Platform chain, which should be faster e.g. deposit, withdraw, repeat. Some classification would be helpful.

This DIP is just describing the way Dash is converted to credits (and vice versa) from the Core perspective. You send an asset lock to put Dash in the credit pool and use proof of that transaction to get credits on Platform. When you want to go from Platform credits back to Dash, you send an asset unlock transaction with a signature from Platform approving the release of Dash to you from the credit pool.

Or, summarized a different way...
DIP-27 allows users to securely lock Dash on the Core blockchain and convert it into credits for use on the Dash Platform. This system simplifies the conversion process by pooling locked Dash, which helps manage fees and ensures predictable costs when converting back to Dash.

To lock Dash, users create an Asset Lock transaction. On the Platform, users can spend these credits for various activities. When they want to withdraw Dash, they request an Asset Unlock transaction, which is validated and signed by a group of Platform validators.

This design addresses the challenges of using small UTXOs (unspent transaction outputs) by allowing withdrawals to come directly from the pooled balance, rather than individual inputs. It also includes safeguards, like withdrawal limits and finality checks, to ensure the system remains secure and reliable.

 

[GrandMasterDash]

Thanks for the explanation.

 

[vazaki3]

DIP-27 allows users to securely lock Dash on the Core blockchain and convert it into credits for use on the Dash Platform. This system simplifies the conversion process by pooling locked Dash, which helps manage fees and ensures predictable costs when converting back to Dash.

The filthy plan of the demonical DCG is revealed.

They want to lock most of the Dash, and convert it into EVO credits.

The EVO platform is used as a parasite, that will devour Dash cryptocurrency.

Finally I am the last one in the dark.
In the dark.
The 1.5 Dash I hold, will never be locked!
Dash will remain real pure money, because this is what the government agents are afraid to.

 

[andreeoren]

In your scenario, EVO is depicted as a parasite, gradually consuming Dash's value and power, with the ultimate goal being to lock up users' holdings. Holding onto your 1.5 Dash without locking it symbolizes your resistance against this perceived plot.

fnf​