18 January 2014 - Dash's birthday
It all started in the distant 2014 quite usual - like most other coins at the time, in Dash it was the miners who received all the reward for mining a block, but even then, the founder of the project - Evan Duffield thought about the future and made global plans.
25 May 2014 - Payments to masternodes starts
Five months after the launch of Dash, masternodes were launched, which in May began earning 10% of the mining reward for a block.
25 June 2014 - Doubling the payout to masternodes
However, Evan realized the need for additional measures to protect the network, as masternodes were already the basis for the important, even though optional, DarkSend (currently CoinJoin) feature. To increase decentralization and security, he doubled the reward of masternodes, effectively giving them 20% of the block reward.
November 2014 - Masternodes Network Strengthening Plan
In October, Evan said that the reward for masternodes would be gradually increased to strengthen the network and protect it from sybil attacks, making it more expensive for attackers to control a significant portion of masternodes. Between November 2014 and March 2016, the plan was to increase the share of masternodes to 60%, but the plan was never fully implemented, only partially - in April, the share of masternodes reached 42.5%.
May 2015 - Dash, the world's first DAO
The concept of the Dash DAO (Decentralized Autonomous Organization), invented and implemented, has led to new changes in the reward system. The reward for a block has been distributed not only between miners and masternodes, but also between the treasury, which in turn funds projects that make Dash and the Ecosystem better. Masternode and treasury rewards have been steadily increasing, and on April 11, 2015, masternode rewards were 45% and treasury rewards were 10%, a distribution that will remain unchanged for the next 5 years.
At this time, Ryan Taylor of DCG published a proposal to gradually increase the share of masternodes in order to incentivize the retention of existing masternodes and attract new ones, as well as to slow the growth of Dash circulating supply. This proposal would have allowed for a gradual increase to 54% of the block reward for masternodes, with no impact on the treasury's share.
But it is likely that evolution under this plan will stop at the 37.62% / 52.38% / 10% ratio, which has been active since August 2023.
Because in September 2023, CTO DCG - Sam Westrich, published a proposal for a new allocation:
- Miners: 20%
- Masternodes: 60%
- DAO treasury: 20%
See the spreadsheet with more accurate data | Open access with commenting, so if you see errors in my calculations, please report them.