This is gonna get interesting.
Talking to a blockchain that can talk back
i still cant grasp the utility of this thing, i guess its another bling-bling of innovation that Dash can buy with its massive funding budget.
In layman's terms, an API is a bridge that lets two computer programs talk to each other. In order for a merchant to accept Dash right now, they need to run their own full node, handle their own wallet.dat files, manually process all transactions, etc. No merchants have any interest in doing that, nor does it scale.
Merchants that accept crypto use APIs provided by companies like blockcypher, and these APIs handle all the heavy lifting. The merchant just puts a "Pay with Dash" button on their website, and blockcypher's API actually interacts with the blockchain and sends the transactions on the network. The API basically does all the "back office" stuff so that a merchant can just accept Dash and not have to worry about the technical nitty gritty details of how it works.
EDIT: If you go to Walmart, does the cashier take your credit card, call the number on the back of the card and verify your account balance? Then ask the person over the phone to please authorize a transaction for $x? No, of course not. Walmart has a pin pad and back office computer system that does all that--slide your card and the software queries the payment networks and handles all the heavy lifting. The cashier just sees "approved" or "declined."
what's the difference between this "DAPI" and the API of blockchain.info?
In guess that "the blockchain" aka masternode network give you the answer. But we already
established that PoSe isn't sustainable unless you give up the grace period (and there is still no penalty for lazy masternodes, so this is all theoretical)
oh, still remember this video. dnaleor, hey man, why are you so insecure?
