Dash Fundamentals

Understanding the core concepts

Crypto-currency

Community + Code = Cryptocurrency

Dash is "digital cash", a crypto-currency

Community

• Dash uses a peer-to-peer network
  • consumers & merchants create transactions
  • miners validate & transmit transactions
  • masternode operators provide governance
  • developes implement (codify) the protocol
• Users should know & guide the protocol

Code

• Dash is a protocol
• The protocol is secured through cryptography
• Cryptography involves private/public key pairs
• Private keys are just big numbers (256 bit)

Private Key

private_key  =~  random_number

private_key_computer  =  f ( seed, [PRNG] )

Public Key

public_key  =  f ( private_key , crypto )

public_address  =  f ( public_key, hash_function )

Bank

• bank chooses your account number
• you choose your password
• bank knows your all your information (password, balances, transactions, etc)

Dash

• you (or your software) chooses (creates) your private key
• your public address (like your account number) is derived from your private key
• all your information is private 

Demo (paper wallets)

Demo (private keys)

Security (private keys)

Thank you

Questions?