Galactrum

Bitcoin is a revolutionary digital currency that emerged in 2009 and was hard pressed to gain public acceptance. Over time Bitcoin has been more openly accepted and implemented into an increasing number of applications. This has mainly been a result of its practical use and value as a medium of exchange. Bitcoin has provided us a baseline demonstration with great practicality and security, as well as paving the road for blockchain technology[1]. On the downside, Bitcoin's technology is becoming outdated. With much faster and more reliable systems already competing for the market space, Bitcoin has a slow and difficult time adapting to changing conditions[2]. Additionally, Bitcoin has lost its integrity as being a decentralized currency due to Application-Specific Integrated Circuit (ASIC) mining equipment that has created a monopoly over the minting of coins. This erosion of fairness has grown for multiple proof-ofwork (PoW) algorithms, including SHA256 and X11, used by Bitcoin and Dash, respectively[3]. Dash was founded on January 28, 2014, under its original name Xcoin. XCoin, which was rebranded as Darkcoin 10 days later, eventually took the final name Dash in March 2015. Dash achieved many of its goals and quickly grew into a highly valued digital asset[4]. One of Dash’s main features is an incentivized masternode network that requires locking 1000 Dash. The Dash masternode network was easier to join in its early stages. Dash witnessed a huge growth period as demand increased dramatically[5]. Over time Dash grew into a peer-to-peer network of thousands of nodes. While this imposing growth gave Dash compelling network stability, it came at a cost. Dash now faces the same issue it set out to solve; growth potential in the peer-topeer network. As demand for Dash grew, it became more difficult to acquire, to the point of being impossible for the general public to obtain the 1000 Dash needed for a masternode. This demand indicates future growth and development will be centralized towards institutional investors and ASIC mining monopolies[6], further undermining the goals of a “decentralized” currency.