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Review on Dash by ashiru muyideen
Dash is a linguistic blend of the words “digital” and “cash.” It’s an instant…
Dash is a linguistic blend of the words “digital” and “cash.” It’s an instant-transaction, privacy-centric, digital currency based on the Bitcoin software. In its short lifespan, Dash has gone through a series of name changes. It launched as XCoin, later changed to Darkcoin, and finally settled on Dash.
Pros
- Unlike Bitcoin, where all jobs are performed by miners on a single-tier network, Dash uses a two-tier network. The first tier is composed of nodes that are nothing but computers that communicate with another within the network. These nodes are handled by miners and they do certain basic network functions, such as verifying Dash transactions.
Cons
- Dash’s “instamine controversy” is a big red flag. Within the first two days after Dash (XCoin, at that time) was released, 11% of the 19-million currency limit was released. Such a move is highly sketchy and cast a doubt on Dash’s legitimacy. But it’s water under the bridge now.
