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Dash Decentralized Governance Blockchain Budget System Review - Dash Force News

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The Decentralized Governance Blockchain Budget (DGBB) is really Dash’s superpower.  It provides a way for the network stakeholders to manage and fund the direction of the project.  The following introduction comes from the official Dash wiki.

“Decentralized Governance Blockchain Budget (DGBB), is Dash’s attempt to solve two important problems in cryptocurrency: governance and funding. Governance in a decentralized project is difficult, because by definition there are no central authorities to make decisions for the project. In Dash, such decisions are made by the network, that is, by the owners of masternodes. The DGBB system allows masternodes to vote for or against proposals that will impact the network. The DGBB also provides a means for Dash to fund its own development. Dash uses 10% of the block reward to fund its own development. Every time a block is mined, 45% of the reward goes to the miner, 45% goes to a masternode, and the remaining 10% is not created until the end of the month. During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10%* of the masternode network, then at the end of the month a series of “superblocks” will be created. At that time, the block rewards that were not paid out (10% of each block) will be used to fund approved proposals. The network thus funds itself by reserving 10% of the block reward for budget projects.” Dash’s decentralized governance by blockchain consists of three components: Proposals Proposals are a request to receive funds. Proposals can be submitted by anyone for a fee of 5 dash. The proposal fee is destroyed on submission. Proposals cannot be altered once submitted.   Votes Votes are cast by Masternode owners. Votes can be changed at any time. Votes are counted approximately every 28.8 days. (16616 blocks)   Budgets   Budgets are propos...
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