All Cryptos > Dash (DASH)
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency, existing since 2014. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash's decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO).
Rooted in economic theory, the invention of masternodes laid a solid foundation that expanded dash's current and future network capabilities far beyond anything legacy networks are capable of.
Has one of the lowest transaction fees
Treasury: the Dash network can pay for its own development without relying on donations or grants from third parties
very user friendly compared to other coins
PrivateSend: You can choose to send anonymous transactions (untraceable) by using the concept of CoinJoin, which couples transactions blurring the flow of money to third parties.
The PrivateSend service has some skeptical reviews and concerns as it depends a lot on the number of active users, which many complain about the slow mixing process
Scalability problem: the block size is 1MB currently. This means only a small number of transactions can be processed per block.
Still uses the Proof of Work(PoW) algorithm, which is really a waste of computing energy and electricity and does not scale well
Share your Expertise
Anyone can add pros and cons. Help the community discover the best coins out there!
Promote a crypto by donating some BTC to their specific address.
Dash (DASH) Topics
Add/vote topics to make it easy to find similar coins