Review on Dash by Fanuel PORPORTY
Digital cash
Dash is a fork of Bitcoin, but with many changes and improvements that have differentiated it since its launch in 2014. The creator of Dash, Evan Duffield, designed it to address three key problems he had identified in the existing Bitcoin network: confidentiality, governance and speed of transactions. In recent years it has risen to the forefront of the world's major cryptocurrencies despite a very competitive market.
Dash’s main goal is to make digital money more usable. Currently, you can use Bitcoin for online transactions and value transfers. However, the waiting time for confirmation of the transaction on the Bitcoin blockchain makes it impossible to use Bitcoin for in-store transactions or other value transfers that require almost instant confirmation.
Bitcoin's high fees also make it a poor choice for small transactions, which limits its general utility as a digital currency for purchasing goods and services. it aims to solve these problems thanks to its innovative architecture.
Pros
- Masternodes provide functionality and consensus that goes beyond what more standard cryptocurrencies can do, without compromising decentralization
- Large community, a lot of Dash-related proposals that come to fruition, supported by funding.
Cons
- A childish struggle between the community of Dash & Monero (XMR) which is not likely to create a climate of trust.
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Comments (1)
April 28, 2020
The success of these currencies proves to us that the blockchain can keep very confidential information. it is a trusted technology
