Dash would modify reward system to raise the price of the criptomoneda

The current structures that support the project Dash as criptomoneda could change drastically after that Dash Core Group (DCG) opened the debate for members of the community to contribute ideas and try to improve the price of the criptomoneda.At an event held over the weekend in Arizona, the united States, the CEO of Dash Core Group, Ryan Tylor, noted that he had to correct the quote to Dash and that to achieve such a goal would be a potential reduction in the reward of mining, changes in the incentives to the operators of the master nodes and changes in its system of consensus.The current system of rewards in the Dash works in the following way: 45% of the incentives for new blocks is going to the miners, another 45% goes to the operators of the master nodes and 10% goes to the treasury, to fund proposals for greater adoption of the criptomoneda on a global scale.Although nothing is yet defined, the potential proposals would have to pass by the vote of the master nodes, who in the end will decide what changes will be applied and which are not.For more details on this new process of deliberation, Breaking News contacted Fernando Gutierrez, chief marketing officer (CMO) Dash Core Group, who explained that the current system is not favoring the project, and that the volatility is playing against.

We’ve noticed that the combination of Proof of Work (PoW), Masternodes and our inflation, leading to greater volatility, both on the upside and the downside. This is bad for the project because it inhibits the use and put at risk all those who receive their income on the Dash. This weekend we have done is to open the discussion with the community to see what we can do about it.Fernando Gutiérrez, chief marketing officer (CMO) Dash Core Group.

Gutierrez is one of those who considers that in the year 2014, when the program began Dash, the Working Test was the only safe system, but today there are other alternatives of production of blocks that could be explored without sacrificing security.In relation with the current distribution of the rewards, the executive stated the following: “it was a choice that was made without prior experience and that we already know is not optimal. What is more likely is that we bet for a flexible system that allows the masternodes to move it in function of the moment”.

Costs for the miners

The debate over what should be the way to go for the Dash is just beginning, but one of the topics that will be most discussed is that of mining. On this theme Ernesto Contreras, business developer for Latin america, DCG, stressed to this newspaper that the costs are still very high, and that to cover the operations of the miners have to sell their incentive to cover it.

One of the components that it is proposed to review is the of the miners that use PoW, who operate with high costs, which creates that need to sell the coins mined to cover the cost. Given that there are ways of greater efficiency in order to maintain the network, then create the questions: can this mining process to be more efficient? can you better align the incentives for the network given the current realities of the market and the learnings of the last few years?Ernesto Contreras, business developer for Latin america of Dash Core Group.

Both members of DCG pointed out that the changes that could be considered to maintain long-term, which would serve to improve “the economics of Dash” which involves, according to Contreras, the supply of Dash, the amount of Dash working, the incentives that have the miners, the master nodes and users to acquire, use, and sell Dash, among other factors.The decisions that are made in the Dash would aim to raise the price of the criptomoneda, but the measures to implement are not a guarantee of that happening at 100%, you could even generate an opposite effect of the bearish tendency to the deep modifications that would apply. At the time of writing this article the price of Dash was 50,73 dollars per unit, with a decrease of 2.44% in the last 24 hours, according to the index of markets Breaking News.

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