{"id":56667,"date":"2020-08-02T00:40:56","date_gmt":"2020-08-02T00:40:56","guid":{"rendered":"https:\/\/www2019.dash.org\/?p=56667"},"modified":"2021-09-18T11:41:42","modified_gmt":"2021-09-18T11:41:42","slug":"miners-and-masternodes","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/miners-and-masternodes\/","title":{"rendered":"Miners and Masternodes: Dash\u2019s Two-Tier Blockchain Architecture"},"content":{"rendered":"<p>A portmanteau of \u201cDigital Cash,\u201d\u00a0<a class=\"steem-keychain-checked\" href=\"https:\/\/www.dash.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dash<\/a>\u00a0is an altcoin that started life as a fork of Bitcoin in 2014.<\/p>\n<p>Since then, the blockchain has developed its own unique architecture to help fulfill its goal of becoming a dependable digital cash solution for the global economy. This is what Dash calls the proof-of-service algorithm \u2013 a two-tier network structure that uses both miners and masternodes on different layers.<\/p>\n<p>Anyone looking to get involved with mining or staking Dash will want to familiarize themselves with this model, which has also been implemented by many other cryptocurrencies.<\/p>\n<p>Miners, or nodes, are responsible for solving the complex cryptographic puzzles needed to introduce new coins to the network and facilitate transactions on the blockchain. Just like with Bitcoin and every other proof-of-work cryptocurrency.<\/p>\n<p>Masternodes represent a second, more superior layer of governance that not only helps with providing quicker transactions (<a class=\"steem-keychain-checked\" href=\"https:\/\/www.youtube.com\/watch?v=8SteyOmwMr8\" target=\"_blank\" rel=\"noopener noreferrer\">InstaSend<\/a>), and private transactions (<a class=\"steem-keychain-checked\" href=\"https:\/\/www.youtube.com\/watch?v=v_HwQAyIQns\" target=\"_blank\" rel=\"noopener noreferrer\">PrivateSend<\/a>), but also acts as an&#8230;&#8230;&#8230;&#8230;.<\/p>\n<p>&nbsp;<\/p>\n<p>Please read Full Story at:<\/p>\n","protected":false},"excerpt":{"rendered":"A portmanteau of \u201cDigital Cash,\u201d\u00a0Dash\u00a0is an altcoin that started life as a fork of Bitcoin in 2014. Since then, the blockchain has developed its own unique architecture to help fulfill its goal of becoming a dependable digital cash solution for the global economy. This is what Dash calls the proof-of-service algorithm \u2013 a two-tier network&#8230;","protected":false},"author":5,"featured_media":56668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miners and Masternodes: Dash\u2019s Two-Tier Blockchain Architecture - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dash.org\/news\/miners-and-masternodes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miners and Masternodes: Dash\u2019s Two-Tier Blockchain Architecture - Dash\" \/>\n<meta property=\"og:description\" content=\"A portmanteau of \u201cDigital Cash,\u201d\u00a0Dash\u00a0is an altcoin that started life as a fork of Bitcoin in 2014. Since then, the blockchain has developed its own unique architecture to help fulfill its goal of becoming a dependable digital cash solution for the global economy. 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