by Kieran Smith
The Dash Core Group, which leads the development of Dash, have filed a provisional patent for the ‘Evolution decentralized payment platform’ that is due to launch at the end of 2018.
The patent, filed March 6, will be freely licensed to the public on “good faith” terms, but will also contain defensive clauses to protect the unique “registration and storage of metadata relating to blockchain-based user accounts on the Evolution platform.” This will help to prevent third parties from taking advantages of the technology for malicious purposes, and also prevent anyone from patenting and monetizing the innovations themselves.
This preliminary patent restricts the possibility of the technology being used by corporations or banks and will mean that more regular and detailed updates can now be released about its development, including several product demos over the next few weeks.
Dash Core Group CEO Ryan Taylor said:
“This patent filing is a major milestone for us, and enables us to start sharing Dash improvement proposals – a series of technical documents outlining the Evolution technology – with the Dash community in the weeks ahead. […] The Evolution platform is going to introduce dramatic improvements to Dash’s network, and we can’t wait to officially launch the Alpha version of the platform later this year.”
The patent details a new overlay on the existing Dash protocol which preserves the decentralization of the Dash network but implements metadata storage and enables blockchain-based user accounts. This is a step further in Dash’s ambition of making cryptocurrency accessible to everyone regardless of technical expertise.
Once the patent has been granted, Taylor stated on March 21 that they will be transferred to the The DASH DAO Irrevocable Trust, ensuring “ownership of the patents is held in perpetuity for the benefit of the Dash network directly.”
What is Dash Evolution?
Dash Evolution is the ‘pièce de résistance’ of Dash and will enable the average person to use the altcoin without needing to know anything about cryptocurrency. It is an ecosystem enabling users to buy, hold and transact all within a single platform. Evolution aims to create an easy, customer-focused user experience that doesn’t require dealing with any cryptographic addresses like public or private keys.
According to Dash Core CEO Ryan Taylor, “this ease of use barrier has stood in the way of the Dash vision of a revolutionary sound money system open for the whole world to use” and the Evolution platform will allow for a much more comfortable experience to appeal to the mainstream consumers with no previous cryptocurrency knowledge.
The alpha version is set for release in mid-2018, and a video demo of Dash Evolution is available on Youtube.
DASH sits at $447.00 at the time of writing according to CoinMarketCap, down 73 percent from its all-time high achieved in December 2017.