At block 332320 three budget proposals that got the required votes earlier will get implemented / paid-out, effectively giving birth to a new form of decentralised
budgetting system which has never before been implemented in the cryptocurrency scene.
Its yet another milestone reached for Dash and its very active Dev-Team.
https://dashninja.pl/budgets.html
https://dashtalk.org/threads/budget-proposal-promotion-reimbursement-core-team.6006/
This will be implemented through a hard fork which enables the following on blockchain level :
per block the payout will be :
45% miners
45% masternodes
10% decentralised budget
The decentralised budget payments will be paid out once a month in so called super-blocks, of which block 332320 is the first one.
Just make sure you are on Dash version 12 (pref v0.12.0.53) and everything will go smoothly.
budgetting system which has never before been implemented in the cryptocurrency scene.
Its yet another milestone reached for Dash and its very active Dev-Team.
https://dashninja.pl/budgets.html
https://dashtalk.org/threads/budget-proposal-promotion-reimbursement-core-team.6006/
This will be implemented through a hard fork which enables the following on blockchain level :
per block the payout will be :
45% miners
45% masternodes
10% decentralised budget
The decentralised budget payments will be paid out once a month in so called super-blocks, of which block 332320 is the first one.
Just make sure you are on Dash version 12 (pref v0.12.0.53) and everything will go smoothly.
In less than 450 blocks, the dash blockchain will create superblocks which pay the finalized budgets.
These budgets are submitted by anybody (Evan in this case) (and cost 5 dash to do so) and voted on by the masternode owners.
Once approved by public voting, the budget is finalized and can be funded at the next superblock cycle (every 16616 blocks)
The superblocks generate coin up to the amount that would have been generated by that block normally.
This works out because the previous blocks were generating 10% less than normal. (The superblocks make up the difference)
So, at the end of the month we have either the same amount of minted dash (if there are approved budgets allocated for all 10%), or less (which is the case this month).
Exciting stuff!
Thanks!!These budgets are submitted by anybody (Evan in this case) (and cost 5 dash to do so) and voted on by the masternode owners.
Once approved by public voting, the budget is finalized and can be funded at the next superblock cycle (every 16616 blocks)
The superblocks generate coin up to the amount that would have been generated by that block normally.
This works out because the previous blocks were generating 10% less than normal. (The superblocks make up the difference)
So, at the end of the month we have either the same amount of minted dash (if there are approved budgets allocated for all 10%), or less (which is the case this month).
Exciting stuff!
Tomorrow will be a big day in cryptoworld, Maybe we could set a countdown, a "superblock countdown"
Otoh will have to pick up the slack by increasing the frequency of his "hey guys I wasnt the one buying hurr durr.. i swear.. " in a desperate attempt to generate some buying interest and prop the price up a little longer while he dumps dozens of BTC worth of masternode payments on you every day. Keep listening to the guy who owns 1000 masternodes.. I'm sure he has YOUR best interests at heart 
