Dash DCG CEO gives the scoop on the struggles and successes of masternode voting

When I dove into the world of crypto and blockchain governance, one of the first projects to capture my attention was Dash.

This project was first onto the scene with a revolutionary new governance model that allowed a broad group of stakeholders to democratically participate in strategic decision-making for the company.

When in the world of business had that ever been successful before?

Today, a number of projects have followed Dash’s lead to implement their own variations of blockchain governance. Each with new innovations to increase the democratization and sustainability.

In order to move forward, it’s important to learn from the projects that have gone before. As such, I’m excited to share with you today an interview with Ryan Taylor, the CEO of Dash. To give Insiders insight into the successes and challenges faced by this remarkable project’s governance model.

1) Dash has a very unique governance model, which does not have a centralized management but instead invites key stakeholders in the project (masternode owners) to vote on the direction of the protocol. How did you decide on which project stakeholders should have a vote?

Masternode owners do not normally vote on individual protocol changes, though that is possible if contentious situations occur. In contrast, the governance model we selected determines the allocation of funding to various…………

Please read Full Story at:

Author: Dean Steinbeck
Original link: https://cryptolawinsider.com/dash-struggles-and-successes-of-masternode-voting/