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Dash Birthday / Trademark Resolution / Blocksize Limitation

Discussion in 'Official Announcements' started by eduffield, Jan 18, 2016.

  1. eduffield

    eduffield Core Developer

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    Hello Everyone!

    As many of you know January 18th is the birthday of Dash and makes the project two years old. During that time we’ve accomplished an amazing amount as a team and as a community. I would like to congratulate everyone involved and it’s been a very exciting year and we’re super excited to see what we all can accomplish in the coming months and years.

    Happy Birthday Dash!


    [​IMG]


    Trademark Resolution

    We are also happy to announce the legal procedures have concluded and we and our service providers can safely use the brand Dash in everything that relates to virtual currencies. With this Dash becomes one of the few cryptocurrency projects with well-defined trademark rights.

    This was the first big win for the Foundation, and we would like to thank them for their hard work over the past year on all of these legal matters.. Their work has been been invaluable to our currency and will undoubtedly continue to serve us well. Also, we need to thank the Foundation members for their financial support. Without their fees we would not have been able to afford the necessary legal work, since it began long before we had the blockchain governance system in place. As a side note, the resolution of the trademark issue means we can officially rename the foundation from the Darkcoin Foundation to the Dash Foundation.

    Block Size Limitation Increase

    We would also like to propose we raise the Dash block size limitation to 2MB to prepare for the future growth of the network. We want to know if the stakeholders support this idea. For this, we would like the nodes to vote using our decentralized governance system to make sure we have the community behind us.

    With the current 1MB block size limit we have approximately 4x the capacity of the Bitcoin project in transactions per second capability, due to the 2.5 minute block spacing and a current 1MB blocksize. With our current limitations our network could theoretically allow nearly 28 transactions per second. We propose a change to a 2MB block size limitation, allowing up to 56 transactions per second. This will allow the currency to grow to approximately 8x the current transactional capacity of the Bitcoin project. It is important to plan for the long term success of the network and future adoption, by making this change we will be ready to scale and also give ourselves ample time to continue research and development to look for additional ways to improve efficiencies of the network.

    The reason why raising the block size limit is not a centralization concern on our network is because of the full node incentive model. As the volume and usage rise on our network, the profits of the masternode network will also increase, creating excess funding to process the extra bandwidth without losing decentralization. This is in sharp contrast to projects without a full node incentive program, due to the inverse relationship between the full-node count and bandwidth requirements.

    To implement 2mb blocks and prepare for Evolution, we must take care of some security concerns as well. There is a concern even with 1MB blocks that an attacker could add a transaction that takes 30 seconds to process, with 2MB blocks it’s actually possible to add a 10 minute script to process (https://www.reddit.com/r/Bitcoin/comments/3yulwv/any_examples_of_the_10_minute_script_thats_a/). To close these attack vectors there will be no more “ completely free” transactions in blocks, instead we will use a flat fee per kb when adding transactions to the blockchain that should be negligible for normal usage. This can be done via the spork code, which can set system-wide variables in the code. Once set, all blocks will be subject to this limitation, otherwise will be rejected by the network.

    As far as determining if this proposal passes, we will consider more yes votes than no votes approval by the network as long as more than 33% of the network votes. If less than 33% of the network votes, we will consider the proposal denied and will not raise the blocksize limitation.

    If approved, a proper development, testing and deployment process would start before it reaches production. Let’s give Dash room to grow.

    If you support this proposal, please vote yes for the following:

    mnbudget vote 74e9003906b2ddba7b0115e9bc728367255122cf8da64b5bafec22b9d35683af yes

    Thank you for your continued support,

    Evan Duffield
     
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  2. Ryan Taylor

    Ryan Taylor Well-known Member
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    Happy Birthday Dash!!!

    What a great way to celebrate Dash's birthday... I just voted "yes"!
     
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  3. splawik21

    splawik21 Grizzled Member
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    Excellent!
    Great we can have Dash Foundation now.
    Evan what bandwidth increase are we talking about?
    Is mining with 2mb blocks will become even harder?
     
    #3 splawik21, Jan 18, 2016
    Last edited by a moderator: Jan 18, 2016
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  4. Minotaur

    Minotaur Well-known Member
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    Awesome work, congratz to the foundation on securing proper trademark rights. That is a great boost of confidence for the investors.

    Also, lets raise that blocksize limit! Go Dash always leading and pushing the limits! Literally this time. I vote Yes!


    And most importantly Happy Birthday Dash! What an amazing first 2 years!
     
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  5. Walter

    Walter Active Member
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    Just voted yes. No brainer.. as they say! [​IMG]

    Walter
     
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  6. tungfa

    tungfa Administrator
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  7. sangoku

    sangoku Active Member

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    Happy birthday Dash !!
    Two years after Dash and his community are more stronger ;)
    Good job guys ;)
     
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  8. daf

    daf Active Member

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    Amazing work. My yes vote is on its way.



    Can you please give us more details about what will be protected by this trademark resolution?
     
  9. InTheWoods

    InTheWoods Well-known Member
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    I'm tempted to vote yes. The only concern I have is the mining profitability. Some say DASH is not very profitable to mine as of now. Won't this change make DASH mining even less appealing and risk a drop in hashing power, which can have side effects?
     
  10. yidakee

    yidakee Well-known Member
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    As I understand it, you can now legitimately open up a business using our Dash name&logo without fear of the Kardashians sueing you silly :tongue:

    .
     
  11. yidakee

    yidakee Well-known Member
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    How is that? Block time would remain the same 2.5mins with the same rewards system. What am I missing?

    .
     
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  12. noobtrader

    noobtrader Active Member

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    imagine if we managed to reach 2M blocksize before bitcoin and the news spread heard by everyone LOL 0.5 btc per Dash is possible
     
  13. InTheWoods

    InTheWoods Well-known Member
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    Well if that's the case I'm all for it.
     
  14. Otoh

    Otoh New Member

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    ditto MIno above, great achievements, voted Yes.
     
  15. daf

    daf Active Member

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    I hope you're right and everyone (especially people believing in the project) will be entitled to use Dash logo and name.
     
  16. daf

    daf Active Member

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    (« Current Dash price is $2.62 »… There is something depressingly broken in DashTalk… :) )
     
  17. elmanager

    elmanager New Member

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    Happy Birthday!
    -Yes :)
     
  18. AndyDark

    AndyDark Well-known Member

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    Congratulations everyone! Such a great community and team behind this project, love it :)

    I have a feeling birthday #3 is going to be a corker ;)
     
  19. Minotaur

    Minotaur Well-known Member
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    Yes, we had a trademark litigation case going for a long time. We could not talk a lot about it because it would affect our chances. We finally reached a friendly agreement with the other party and the case has concluded. All contracts signed and sealed. Dash has the right to use the Dash brand in anything and everything related to virtual currencies, also Dash third party services have this same right. Exchanges, services providers, etc.

    We can't reveal a lot more detail because there is still a confidentiality clause in the contract. The important part is we no longer have any potential trademark liability and neither does any Dash service provider or Dash related 3rd party business.
     
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  20. yidakee

    yidakee Well-known Member
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    Ooops... I hope it's not the Kardashians then, as per my previous post! It was a joke :oops: :what:


    .
     
  21. qwizzie

    qwizzie Well-known Member

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    Pls dont forget to update the details of this proposal on Dashwhale and claim it there as owner as well.

    Lets also get as much participation as possible.. which means activating our Tao ;)
     
    #21 qwizzie, Jan 18, 2016
    Last edited by a moderator: Jan 18, 2016
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  22. eduffield

    eduffield Core Developer

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    Mining profitability will remain unaffected. We're not using all of even the 1MB blocks yet and mining profitability is mostly determined by the price of the coin, not really the bandwidth of our network at this point.
     
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  23. Lebubar

    Lebubar Active Member

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    Happy bithday Dash!

    Just a little thing : I'm not fan of the fee on all transactions. I know we have to do it to mitigate spam attack on the network...

    Can we have more detail about how much the fee will be?
     
  24. oaxaca

    oaxaca Well-known Member
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    If this passes before Thursday, then it will be quite the talking point in Miami. Well done!
     
  25. bluebit

    bluebit Active Member

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    In like 2 years can we have something like for this for us discuss plans to expand into space?

    [​IMG]
     
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  26. qwizzie

    qwizzie Well-known Member

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    1155 masternodes need to participate of 3498 total active masternodes and there has to be more yes then no voters ... we are already almost halfway there (552 voted yes)

    personally i hope we end up with at least 51% yes voters .. at the end of the month.
     
    #26 qwizzie, Jan 18, 2016
    Last edited by a moderator: Jan 18, 2016
  27. crowning

    crowning Well-known Member

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    Come on eduffield , it's not about block size, we've still plenty of spare room.

    Your secret plan, if this passes, is to address this in your conference speech to rub some salt into the bitcoiner's wounds.
    Deeply.
    With a friendly smile in your face.
    And watch them suffering!
    You're a bad, bad guy...

    I like that [​IMG]
     
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  28. qwizzie

    qwizzie Well-known Member

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    i understand that and i'm totally behind it.. but all in all it would be nice if we got a majority behind this in the end.
     
  29. fernando

    fernando Powered by Dash
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    Doesn't the proposal say that? I totally read that :)
     
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  30. ericsammons

    ericsammons Active Member
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    Can't we instead have a contentious ongoing debate that splits apart the community? /s
     
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