Review on Dash by Tibisay Alvarez
Dash one of the cryptocurrencies with the highest technical capabilities.
Dash was born in 2014, initially under the name of "Xcoin", and from the hand of its creator, Evan Duffield. Being created as an attempt to overcome the flaws of Bitcoin in its operation. Being a much faster currency when making purchases of goods and services.
Soon, the coin was renamed “Darkcoin”, starting to gain notoriety due to its widespread use within the black market. Until finally, in March 2015 ,the currency acquires what will be its final name: Dash. Also creating the Dash Descentralized Autonomous Organization (DAO).
Dash's primary function is to serve as a decentralized digital currency for conducting transactions. In other words, Dash aims directly to serve as a replacement for fiat money in the acquisition of goods and services.
To do this, it tries to improve several of the main problems that Bitcoin has. As we mentioned earlier, Dash has improved transaction time using its Blockchain.
As an operation in which the Dash is involved, it can be concluded instantly.
Thanks to this impetus for the improvement of the obstacles of cryptocurrencies. It has positioned itself as one of the main crypto assets in the market, occupying the 20th position among the currencies by capitalization of assets.
This is so thanks not only to the speed with which transactions are carried out using Dash technology. But, in addition, the Dash DAO has managed to implement a commission system minimum in your transactions. A measure that not only helps to promote the company and achieve mass adoption. Rather, it also serves to advance the process of democratizing finance. Since, by radically reducing the costs of carrying out financial operations, you make them available to the majority of the population. And not only from the owners of large capitals.
Pros
- Dash has amazing technical capabilities, executing transactions at a speed that Bitcoin could not even dream of.
- The Dash DAO, as is common among several organizations with their own cryptocurrencies. It offers a wallet for Dash storage, which can be downloaded from the official website of the organization on any platform. Likewise, other important wallets also offer support for Dash, such as Jaxx and Exodus.
- It is a stable cryptocurrency.
Cons
- Of course, the path of a cryptocurrency that aims to replace a giant like Bitcoin will not be easy at all. And it is that, despite its inefficiency in making transactions, taking more than half an hour to execute a transaction. BTC remains the visible face of the crypto world. Therefore, as it happened in the case of Bitcoin Cash, despite Dash's great technical capabilities, they are not enough to achieve mass among users. What the represents the biggest challenge of cryptocurrency today. Achieve a strong image of themselves to be a challenge for BTC.
