Review on Dash by Robiul Islam
Dash is undoubtedly a speculative investment that has a great potential ofβ¦
Dash is undoubtedly a speculative investment that has a great potential of becoming the next bitcoin. This potential is dependent on whether masternodes, developers, and the community will focus on users instead of short-term gains.
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Updated 5 years ago
Rating has not been changed
Dash is the most used Crypto in Venezuela so people are flocking to it. I just don't get this. There's zip adoption in Venezuela or anywhere else according to chain statistics. Blockchain transactions are a paultry 20k a day and most of that is traffic to exchanges. Merchant transactions are around the equivalent of a few grocer's shops per day. It may be getting used as a store of value but Localbitcoins is the largest market there and it's all bitcoin.
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As it is extremely undervalued, suppressed IMO, dash price was so coiled that a single spark was enough to cause the rise. BTW the last time dash did it we had a huge crypto bullmarket, if I remember it correctly!
It is very possible that Dash could do itagain. I hope it does. Once the bull run starts this could be much bigger than 2017.
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Pros
- Dash is quite similar to bitcoin, and this is due to the fact that it utilizes a blockchain database when coordinating the updating of values between individuals who are untrusted. Masternode owners govern how Dash is used. Some of these masternode owners are credited with the creation of Dash. It was initially referred to as Darkcoin. Dash has transaction fees that are considerably lower compared to credit cards or even banks. Actually, there is a minimal fee that is charged for using personal money as well as for sending micro-payments all over the globe. It significantly recognizes the concept of economic incentives. It has properly built these into its platform and proceeds to build adequate infrastructure to support it. This is because it is easy to set up a Dash masternode and begin earning income. This was initially associated with some risk, but now this initial risk is paying a few dividends.
Cons
- Instant payments are experienced with Dash. This is because its developers created a technology that is decentralized and unique referred to as InstantX. This technology ensures as well as confirms very fast i.e. in just under 4 seconds. This makes it much better compared to other digital currencies that take some time before confirming transactions on their specific network.
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Comments (6)
January 18, 2020
Yes I know Telx allows users to send and receive dash directly into a text messaging conversation without having to send a separate number or use a separate service.
January 17, 2020
By this I mean that it is easier to use. It is possible to make payments with Dash by text messages.
January 17, 2020
In this Dash has worked well, you know more important is that it is really used. I bought with dash and every time it is accepted in more places, although this is also due to different platforms that accept to store this asset.
January 17, 2020
Dash is a cryptocurrency that offers private, instant send transactions. Dash's masternodes deal with instant send transactions and anonymous transactions, two features that Bitcoin currently does not support. In my opinion, bitcoin is a store of value, while Dash is a means of payment (Transactions are almost instantly)
January 17, 2020
If you only want to speculate on Store of value then Bitcoin is the better place I guess.
In Europe most people only got debit cards.
In US it is a different picture though.
I see lots of problems with Banks and credit cards.
If you make a 500,000 usd transfer to buy an overseas house.
You will have to spend week's if not months in paperwork.
Anti money laundering.
Bla bla bla!
January 16, 2020
for the most part more bitcoin is used than dash in a certain way is that dash is being integrated as payment in many stores and is an alternative due to high bitcoin commissions
