Review on Dash by Muhammed Altın
my dash experience
dash is a decentralized cryptocurrency. It states that it solves possible problems in bitcoin by accelerating transactions, creating a decentralized funding system and management that promises a functional financial privacy.
Dash, formerly known as xcoin and darkcoin, aims to be the most scalable and user-friendly virtual currency in the world. For this, it is a peer to peer (p2p) virtual currency that has an open source code structure.
In addition to the basic features of bitcoin, dash offers privatesend (private transactions) and instantsend (instant transactions) for now. In addition, the dash network provides a decentralized management and funding system that allows individuals and businesses to reward. this system makes dash decentralized autonomous organization (dao).
Private: your payments with the dash system remain confidential. In this way, nobody can follow you, and no one else can see your balances and transactions.
fast: dash brings the technology called instanx to life by taking advantage of the masternode network. Money transfer users can make a much faster transfer by selecting the "use instantx" option in their virtual wallets. Funds sent via Instantx are credited to the recipient's account within 4 seconds. however, this process is irreversible.
secure: using a reliable and functional encryption protocol, your payments and other transactions are seamless.
low cost: In money transfers you make with the dash system, transaction fees only cost a few cents. It is much cheaper compared to companies that mediate money transfers such as moneygram, western union, paypal.
Pros
- economic
- fast
- user privacy is very important
- safe
Cons
- they have very strong competitors in the market
- difficult to use
