Review on Dash by francis fernandez
THE MASTER NODES OF DASH
Dash is a crypto currency born in the United States, but with a high level of acceptance in Latin American countries, such as Venezuela, Argentina and Colombia.
Unlike other crypto currencies, Dash's innovation lies in the implementation of master nodes, since the nodes that have been used in other digital currencies have been limiting the full nodes active on the block chain platform. The main function of the master nodes is to extend the services of the network by establishing connections in their encryption; and to be admitted they must have the capacity to store 1000 Dash. In addition, its acquisition has a cost that offers its payer the possibility of receiving a share or dividend. This cost would represent a way to prevent the dominance of 50% of the network by some user. Another of the great advantages offered by the use of master nodes is the implementation of the “Quorum without the need for trust” system; which allows confirming a random amount of transactions without the intervention of all Dash users, significantly reducing the speed of operations within your network. The master node system is also part of the DAO system; which under the figure of the Dash Treasury supports all the personnel participating in this project. The funds from this Treasury come from 10% of the rewards derived from each block mined within the Dash Block chain network. This is a huge draw for developers and technicians who want to be part of Dash's HR team
Pros
- It offers faster transactions due to the introduction of its master nodes within its block chain.
- It allows you to streamline your operations within the network thanks to the “Quorum without the need for trust” system
- Allows you to store a larger amount of coins, unlike other digital currencies.
- Thanks to its master nodes, the DAO system is formed; which allows the maintenance of all personnel working on this project, through the Dash Treasury system.
Cons
- Its production is limited, establishing a total of 18,900,000 coins for the year 2150.
- The acquisition of master nodes is subject to the payment of a price; which could not be accessible to all people.
