Review on Dash by Temitope Babatunde
Coin of Privacy and Speed.
The history of Dash can be traced back to 2014 when Evan Duffield developed xcoin and late changed it to Darkcoin before it was finally rename as dash coin in 2015. Dash coin compose of two layers.
The first layer is where the miners will mine for blocks and after that place them on to the blockchain. The second layer has to do with masternode which hold the entire blockchain of Dash crypto and given network. Running a masternode required a minimum of 1000 dash coin which serve as collateral for the system, the coin for masternode are locked and once it is locked it can not be unlocked.
Dash coin is mine through the power of works protocol, which means that mining the dash coin is capital intensive, though it can be mine by cpu or gpu but most miners today are using ASIC.
Dash coin can be traded in both bigger and smaller exchanges that listed it. Almost all major wallet support it. The dash network use both instantsend and privatesend when sending a dash coin.
Pros
- It can be mined
- Better privacy and lightning speed transactions in comparison to bitcoin
- It has a system for blocking double spending
Cons
- Running a masternode is very expensive
- Mining dash is costly.
