Review on Dash by evita parra
PRIVACY DASH AND SPEED IN YOUR TRANSACTIONS
Within the digital market few have been the projects that remain in the first places of the cryptographic billboard; This is clearly influenced by two main characteristics that a cryptocurrency must have: privacy and speed.
Dash was created with the objective of solving these two great aspects of cryptography; becoming a decentralized digital currency that allows the exchange of assets through the execution of private and fast transactions.
The speed and privacy of the operations monetized by DASH is due to the use of the InstantSend and PrivateSend protocols used in the transfer of assets.
Another outstanding and attractive feature of this digital asset is its ability to generate blocks in a short time; approximately 2.6 minutes to create a block.
This in turn influences the decrease in the annual reward miners receive for each block.
DASH operation is contingent on the use of full nodes in the chain (master nodes). Being a master node requires a payment. To be admitted as a master node you must have 1000 DASH. In return, the owner of the master node gets dividends as part of the return on invested funds.
Masternodes play a vital role in transaction validation by being randomly chosen to make up the “Trustless Quorum”.
Through this approval mechanism, the time and cost of transactions is reduced.
Also the full nodes or master nodes constitute DAO, the DASH Treasury, responsible for the distribution of funds among the experts of the chain.
Pros
- Offers privacy in transactions
- Provides speed in chain operations
- The generation of blocks is done in a shorter period of time
Cons
- It has a limited supply
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Comments (1)
April 11, 2021
Hello, Evita. This particular cryptocurrency has helped me resolve many financial issues that I have had to deal with. So far it is one of the ones that I use the most for the benefits I have obtained and above all it has served me to keep my capital safe in an economy as distorted as that of my country where our national currency is worth less and less. Transactions are incredibly instantaneous and secure.
