Review on Dash by Hasnain Ali

Name: Dash
Item: Dash
Rating: 5

September 01, 2018

The coin introduced the concept of masternodes. Nodes become masternodes after…

The coin introduced the concept of masternodes. Nodes become masternodes after meeting certain criteria in the network, that replace the centralized servers. The use of masternodes has allowed the developers to create a highly stable currency.
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The key features of this cryptocurrency are summarized below:
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Currency name: Dash (DASH), formerly DarkCoin (DRK)
Genesis Block: January 18, 2014
Total Supply: 19 million
Algorithm: PoW (X11)
Features: Anonymity and Speed
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Pros

Digital Cash or DASH is preferred by users to make instant, private payments online. It’s a value-focused cryptocurrency and offers an improved level of anonymity to the users. The coin comes with a low exchange rate and provides quick confirmation time. It uses PrivateSend technology that is written into it at the protocol level. Multiple transactions are merged into one master transaction which is signed by each sender before being broadcasted to the network.

Cons

This makes it extremely difficult to determine which input resulted in which output. Since it’s one transaction that everyone signs, it is not possible to determine with certainty which sender sent the payment to which recipient.