The DashnDrink is back!
Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services.
DashnDrink Returns Better Than Ever
Maus explained, the machine will feature an upgraded CPU from the initial Raspberry Pi unit to an Odroid Xu4.
“It will be done in time for d10e,” said Maus, “and will be four to five times faster to boot up.”
For anyone unfamiliar with the story, their invention, coined DashnDrink, launched in December as a project funded by Dash’s built-in self-governance system.
“A proposal was submitted to the DASH budget system for voting,” according to Maus and Eward, detailing the project for Eric Sammons of Bitcoin.com in January 2016.
“Within a week, it received enough votes and was successfully funded directly from the blockchain.”
For anyone unfamiliar, the cryptocurrency Dash is “a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that improves it.”
Its governance model is decentralized as well. Projects are proposed and Masternode owners, who also receive Dash in return for hosting a node or nodes, vote in order to determine if the development will proceed.
Maus explained, they wanted to demonstrate the power of InstantSend, to show Dash could send funds instantly, without issues of double-spending.
The DashnDrink was wheeled out to the North American Bitcoin Conference held in Miami in late January, where attendees successfully used the machine to purchase a drink using Dash in a matter of seconds.
The entire exchange made possible by InstantSend technology.
Evan Duffield, core developer of Dash, Holger Schinzel, head of quality management at Dash and Fernando Gutierrez released a whitepaper together on the concept in September 2014, titled, “Transaction Locking and Masternode Consensus: A Mechanism for Mitigating Double Spending Attacks.”
To summarize, instant validation (or near instant validation) of payment with Dash is possible because of the digital currency’s strong masternode infrastructure, which ensures the network is always operational and so transaction locking and pursuant consensus among Masternodes can be conducted to complete the transaction.
“In most cases a transaction should be validated by the network within a few seconds of originally being broadcasted,” the whitepaper read in 2014.
The 2016 soda machine proved that to be true.
The original machine, outfitted with a Raspberry Pi programmed to connect to InstantSend was put together in a span of two months, “a pretty big feat at the time,” says Maus, who is also currently working on a mobile payment solution called DashnGo.
DashnDrink has flown below the radar thus far, considering the fact that it represents a point of sale product that addresses a fundamental problem of Bitcoin — instant transactions.
The return to the limelight — and out of Eward’s garage where the machine has stood since leaving the Miami conference — may be the moment digital currency enthusiasts, supporters and investors begin to see Dash and its InstantSend capability as paradigm-shifting.
Images courtesy of DashnDrink.