Categories: Bitcoin Business

Dash-To-Ripple Gateways Heading to Market: Altcoin Watch

Click here to view original web page at

In this ever-evolving digital currency ecosystem that is seeing plenty of demand for altcoins, it should not be surprising to see new ways for altcoins to work together without going through Bitcoin first. This week, we have seen an announcement of two new options for those looking to go from Dash to Ripple.

There are two ways this can go, one is an open-source gateway and one is for-profit. According to Dash Central, one is produced by “akhavr” and could potentially hit the market on June 19, after it gets the funding it needs, predicted to be 134 Dash, or less than $12,000. As of Saturday morning, the voting system within Dash has shown widespread interest and approval for this proposal, with “yes” votes outpacing “no” votes 14:1. The proposal needs another 62 votes to proceed.

The other option is posted by “ggololicic” and is not open-source in nature. This has a similar deadline on Dash Central (both are listed as June 19, 2017) and it will take similar funding (150 Dash, or just under $15,000.) So far, it is doing well but not as well as akhavr’s proposal, with a 2:1 approval rating. However, it still needs over 200 more “yes” votes, so it seems likely that it will be the second gateway to market.

“I’ve noticed a couple proposals to make a Ripple gateway,” said Dash Lead Developer Evan Duffield on Medium. He added:

“While I don’t have a problem with a service like this and adding ourselves to it, we should strive to support the most open and transparent ecosystem possible. As far as the two proposals go, one of them is open-source, directly from some stakeholders in the community and the other is a private for-profit company which desires to charge us to create a portal that they will keep the source.”

Akhavr’s open-source proposal features things like automated Dash deposit and withdrawal, trading against any currencies issued on the Ripple network, provable reserves and maintaining Ripple network ID with no KYC requirements. This would be a working gateway with no KYC as a proof-of-concept. Further, gateway operation might be funded either from fees or by the Dash network (through a separate proposal). Akhavr estimates a six-week period of implementation.

Ggololicic’s for-profit option Dash will be added to the Ripple network via integration intoGateHub Fifth, that currently provides BTC, ETH, ETC and REP issuance on the Ripple network.

This is said to deliver automated Dash deposits and withdrawals to and from the Ripple network via the GateHub Fifth gateway. In addition, it will provide Dash trading against all currencies already issued on the Ripple network by any gateway plus currencies issued on RCL in the future, plus other features.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

  • Altcoins

Denarius – A true cryptocurrency in a sea of ICOs

In a sea of altcoins, Denarius is by far one of the more interesting, innovative blockchain projects released yet. With… Read More

8 mins ago
  • Bitcoin Business

Donald Trump’s bitcoin takedown signals global currency war

US President Donald Trump’s tweet attacking bitcoin ( BTC-USD ) highlights his increasing interest in controlling global currency markets —… Read More

6 hours ago
  • Bitcoin Business

Iran Legalizes Crypto-Mining As “Official Industry”

After weeks of uncertainty, the Iranian government’s Economic Commission has approved a mechanism of cryptocurrency mining in the country, according… Read More

6 hours ago
  • Bitcoin Business

Bullish For Bitcoin? Trump Turns Up Pressure on Federal Reserve to Cut Interest Rates

President Trump is continuing to pressure the Federal Reserve for dragging its feet on interest rate cuts. For some, such… Read More

6 hours ago
  • Bitcoin Business

Blockchain Center’s grand opening attracts local, international leaders

Pictured (l-r) are Eryka Gemma, Nick Spanos, Miami Mayor Francis Suarez, and Scott Spiegel. (Photo credit: World Red Eye) Blockchain… Read More

6 hours ago
  • Bitcoin Business

Bitcoin buyers beware

by Mike Connon As advisors, we typically advise families to take a patient, long-term approach to investing in the market,… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More