1 Level
12 Review
4 Karma
Review on Dash by ikrar nusa
It is based on the following idea: “When you want to make a payment, find…
It is based on the following idea: “When you want to make a payment, find someone else who also wants to make a payment and make a joint payment together.”. When making a joint payment, there is no way to relate input and outputs in one bitcoin transaction and thus the exact direction of money movement remains unknown to third parties.
Pros
- 1. The targeted users of DASH is the general public: There are some signs about it, including its name, “DASH — Digital Cash”,which is quite easy to recognize. It is also very user friendly compared to others. 2. InstantSend: Verifies transactions in just one or two minutes 3. PrivateSend: You can choose to send anonymous transactions
Cons
- Scalability problem: Like Bitcoin, the block size is also 1MB currently. This means only a small number of transactions can be processed per block. Although it states that the blocksize can be increased in the future followed by a higher transaction fee, this does not solves issues such as there won’t be enough storage capacity soon if the network keep growing with the same block growth rate and an increased blocksize, revealing that this is not a long term solution.
