Budgeting system

[slava_m]

Where do those 10% from mining go? Is it stored somewhere? Or does DASH system has some kind of escrow wallet for this purpose?

Thanks in advance!

 

[Nitya Sattva]

In Short: The master nodes in the network vote on how the 10% is spent, they vote on proposals done by the community and do this monthly in a decentralized way that is built into the network protocol. Currently, there is no escrow, but core team members have been used as escrow for some larger proposals in the past.

In depth info:
* https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=8585240
Proposals discussion:
* https://www.dashcentral.org/
* https://www.dash.org/forum/topic/pre-budget-proposal-discussions.93/
Proposals and Budget stats:
* http://dashvotetracker.com/

 

[slava_m]

In Short: The master nodes in the network vote on how the 10% is spent, they vote on proposals done by the community and do this monthly in a decentralized way that is built into the network protocol. Currently, there is no escrow, but core team members have been used as escrow for some larger proposals in the past.

Thanks! Now it seems to be more clear)