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Review on Dash by Samuel Clintoc
Dash was good back in December last year, now its not as relevant anymoreβ¦
Dash was good back in December last year, now its not as relevant anymore. What really turns me down is that it is slow and that it still uses the old Proof of Work (PoW) algorithm, they have not made much progress for some time now which is really disappointing. I really hope they will bring some good stuff out soon.
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Pros
- Dash has one of the lowest fees. Rooted in economic theory, the invention of masternodes laid a solid foundation that expanded dash's current and future network capabilities far beyond anything legacy networks are capable of. Its is also very user friendly and you can use PrivatSend to anonymous transactions by using the concept of CoinJoin, which couples transactions blurring the flow of money to third parties.
Cons
- The PrivateSend service has some skeptical reviews and concerns as it depends a lot on the number of active users, which many complain about the slow mixing process. Huge premine. Scalability problem: the block size is 1MB currently. This means only a small number of transactions can be processed per block. What is also a downside is that it uses PoW algorithm, which is a waste of computing energy.
