@Rmehta My understanding is they are offering the whole package, a service like Paypal. They have partners taking care of the PoS development.
@vrms The essentials you have for blockchain and crypto currency is:
A network which anyone can join with their computers. You get paid for your computational power which is used to confirm transactions. You get paid the more computation power you have but must consider power costs and the current rate for verifying transactions on the network. Ethereum is currently the leader in blockchain technology as it also allows for not only transactions but smart contracts.
Everyone on the network has a copy of the entire transaction history and is constantly comparing it to all other records on the network for a consensus. The main breakthrough of blockchain tech is removing the need to trust a middle party. It has a lot of potential for financial services (international payments, trading assets), creating secure records like land deeds, e-voting for business and governments, and providing a solution for unbanked persons.
Currency is held in a digital wallet, which you hold on your device in a .dat file. Hardware wallet devices are safest. During wallet creation you also get a 24 word phrase you can use incase you lose the file. There’s also online services, like exchanges, that can handle this for you.
Dash uses the same core technology but is different than bitcoin and Ethereum in part because 10% of the transaction fees go to a treasury and currency holders vote on what to do with. Anyone can submit a text proposal to these holders here: https://www.dash.org/forum/topic/pre-budget-proposal-discussions.93/ - then an official proposal here: https://www.dashcentral.org/budget/create
I’m interested in the technology for the previously mentioned reasons and for it’s power to help reduce costs for small businesses. The fact that the supply can’t be manipulated by governments is another drawing point for some. One problem with holding crypto currencies though has been price volatility which is being solved by USDT and other projects like Maker DAO. I’ve been following Openbazaar as well, a ecommerce market app with 0 fees - it still has many shortcomings but is a good example of what the tech can offer.
(2 link post cap) If you want to learn more I’d recommend checking out the “Welcome to r/Ethereum” post in Ethereum’s reddit.
You can also see all a list of all crypto currencies at coinmarketcap (the majority below the top 5 are usually poor imitations of the major innovators).
I know Dashs’ current PoS provider Blockpay charges something like .5 - 1.5% per crypto transactions so I’d definitely like to see a 0% option developed that small businesses could just download. I’m not too knowledgeable about PoS software but can different software be ran side by side? Having merchants being able to accept crypto and traditional card payments is a concern. Maybe you’d interested in such a project and could submit a proposal for funding. I look forward to discussing more.