Review on Dash by Aniruddh Ravel

Name: Dash
Item: Dash
Rating: 5

June 18, 2019

Set up a masternode and start earning

COIN SUPPLY
Total Dash supply is dependent on the hash rate and rate at which coins are successfully mined. There is a theoretical limit of about 18 million coins which could be reduced to as low as 15 million if the network brings mining rewards lower.

TECHNOLOGY
Dash is based off Bitcoin core code and uses much of the same blockchain technology as its predecessor. Improvements have been made in security and speed, with masternodes being layered on top of a traditional proof-of-work mining structure.

PRIVACY
Dash prides itself on privacy with PrivateSend technology. PrivateSend breaks down transactions into denominations (0.01, 0.1, 1, 10) to protect transaction amounts and wallet information. Multiple identical inputs are mixed into a transaction to significantly reduce the likelihood any given transaction can be traced.

DEVELOPMENT TEAM
Creator and developer Evan Duffield is joined by a team of over 50 full- and part-time employees. The team pulls a salary from the Dash DAO, allowing them to focus on the development of the technology itself.

VALUE PROPOSITION
With Dash, users get the same kind of digital currency as Bitcoin, with the security and speed that it still lacks, all while being governed by a completely decentralized organization that has no hidden agenda or ulterior motives. This creates a new, better version of digital cash to be used for digital payments on a global scale.
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Pros

Any user can easily set up a masternode and start earning Dash
Masternodes have voting rights for proposals presented to the Dash decentralized autonomous organization (DAO)
Block reward is split between miners and masternodes
PrivateSend functionality is based on CoinJoin method of anonymizing transactions
Block mining reward is split 45% to masternodes, 45% to miners, 10% to the Dash DAO

Cons