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Munich
4 Level
63 Review
699.75 Karma

Review on Dash by The hsotaka

Revainrating 4 out of 5

Review of the Dash Coin and its technology

Today i want to tell you something about the Dash coin and the technology of this coin.
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General informations:
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Like many other older cryptocurrencies, Dash is a fork of the Bitcoin protocol.
The currency was launched in January 2014 as "Xcoin" by Evan Duffield.
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It was rebranded as Darkcoin, which received press for being used in dark net markets. In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'. As of now, Dash is no longer used in any major dark net markets.
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As of 2018 coins were mined using a proof of work algorithm with a hash function called "X11", with eleven rounds of hashing, and the average time to mine a coin was around two and a half minutes.
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Currently the Block reward is 3.11 DASH for one block and the block time is 2.5 minutes.
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Dash counts as coin with relatively anonymous transactions. It also provides the functionality to execute instant transactions, of course you have to pay higher fees for that.
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My opinion:
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Dash is a good project with a good code base and dev team. My problem with this coin is that i don't see the advantage compared to other projects and cryptocurrencies.
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Pros
  • Old coin and a fork of the great bitcoin code base.
  • Instant transaction functionality
  • Relatively anonymous transactions.
Cons
  • No unique functions, other coins offer the same functions.
  • Because of no unique functions, there are no unique usecases for Dash.

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