• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Dash (DASH) Cryptocurrency Review: Pros and Cons

Anca F. by Anca F.
November 7, 2018
in Crypto 101, Cryptocurrencies

What is Dash?

Dash is a cryptocurrency initially created in 2014 by coping Bitcoin’s code and first called Xcoin. It was subsequently rebranded to Darkcoin, but due to its dark web connotations, it rebranded again to Dash.

Unlike Bitcoin which is popular as a store of value of trading medium and Ethereum which is a popular ICO platform launcher, Dash aims to be an actual payment method.

Dash is a decentralized autonomous organization whose native coin has features such as privacy and speed which surpass that of Bitcoin.

Technology

Masternodes are computers which host a Dash wallet and vote to make decisions regarding the distribution of the funds for the Dash network. A qualified masternode is required to stake a sum of 1000 Dash, have an established IP address, and has to be operational for 24 hours a day in order to receive 2 Dash per week. Also, masternodes receive 45% of every block reward.

PrivateSend is a coin mixing mechanism which masks the identity of transactions for an additional fee. By mixing at least 3 transactions together, this makes the process of tracking the real transaction extremely difficult.

InstantSend is a software for Dash users which enhances the speed of transactions in exchange for a slightly higher fee.

The team

Evan Duffield, a former hedge fund analyst, developed Dash in 2014 aiming to create a decentralized autonomous organization. Duffield stepped down as the CEO in 2017 to serve as the organization’s strategic advisor.

The new CEO of Dash is Ryan Taylor, which assumed his position after leaving a multi-million dollar New York hedge fund.

Amanda B. Johnson is a Dash digital content producer and presenter who has a positive reputation in the wider altcoin community and has played a big role in Dash’s marketing division.

www.dash.org

The pros

  • Dash is a cryptocurrency that ensures users their financial and transactional privacy by using the PrivateSend option.
  • Transactions are made faster with InstantSend, a technology which ensures this feature as well as confirms very fast i.e. in just under 4 seconds. This is a much better number when compared to other digital currencies that require a large amount of time to confirm transactions on their specific network.
  • Rewards from block development are split between the miners, the masternodes, and a funding pool for Dash developments. These rewards are used to incentivize masternodes and to support Dash developments.
  • Decentralization is accomplished through the democratic voting of the masternodes, allowing for quick decisions in regards to funding developments and other aspects which concern the community.
  • Dash features transaction fees which are significantly lower when compared to credit cards or even banks. The fee for using personal money as well as for sending micro-payments all over the globe is actually quite minimal.

The cons

  • There is controversy over members of the core development team setting aside for themselves 2 million of the total 18 million coins by fast mining them within the first 48 hours of its release.
  • There are also speculations that believe a large amount of masternodes are owned and run by the core development team, which makes the community doubt the legitimacy of Dash’s decentralized nature.
  • Regarding Dash’s privacy features, some developers claim that its mixing process is nothing more than a coin tumble which in theory can still be traced if someone controlled the masternodes that the transaction passes through.
  • In spite of all its marketing campaigns and partnerships that make it seem widely-used, Dash still lacks a significant number of users or merchants.

Verdict

While Dash does have some interesting features such as privacy, speed, and decentralization, and it currently has a rank of 12nd on CoinMarketCap, trading at $171.60, there are still some aspects that should be improved.

Tags: CryptocurrencyDashdigital currencyMasternodes
Previous Post

Plans to Create an Israeli Nationally Back Crypto — Digital Shekel, Has Been Halted

Next Post

Bitfury Has Secured a Series C Funding of $80 Million

Anca F.

Anca F.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

by Hellen
January 18, 2023

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are some of the cryptocurrencies widely reported in the media....

Decentralized Marketplace

What are Decentralized Marketplaces?

by Hellen
January 16, 2023

A decentralized marketplace is a network where trade and transactions take place independently and transparently.  This ecosystem offers minimum transaction...

Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

by Hellen
January 11, 2023

Cryptocurrency is changing the way we think about money and the economy. We will explore five reasons why cryptocurrency is...

Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

by Hellen
January 10, 2023

Web3 pets have come to revolutionize the idea of owning a pet while bringing color, fun, and possibly some crypto...

Crypto Swapping

A Definitive Guide on Swapping Cryptocurrency

by Hellen
December 21, 2022

If you’re new to crypto or have heard about swapping but don’t know how to do it, this definitive guide...

crypto casino games

What Are the Most Profitable Crypto Casino Games?

by Hellen
December 8, 2022

In this article, we will talk about what crypto casinos are, how they work, and what are some of the...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.