| Advantages | Disadvantages |
| Most cryptocurrencies are decentralised to some extent, but some are much more than the others. With over 4,500 voting on key decisions, it is much more centralised than many other currencies. | Dash has already changed it’s name twice but it may need to do so a third time, which is not good for brand reputation. |
| Dash’s governance system allows it to reach consensus on decisions more easily than Bitcoin. | The Dash community has expressed concerns about masternodes voting poorly and without sufficient knowledge due to low barriers to entry. Anyone who owns 1000 dash, can become a masternode. |
| Dash’s ‘PrivateSend’ feature enables users to transact completely anonymously, thereby increasing privacy. | Dash is focused on being a digital currency. Thus, it has a limited use case. |
| Dash’s ‘InstantSend’ feature allows transactions to be executed in seconds, whilst Bitcoin takes up to an hour. | Dash is in direct competition to Bitcoin. Other cryptocurrencies, like Ripple, complement Bitcoin and, therefore, have more room to grow. |
Current Status of the DASH coin
Just like bitcoin there is a cap on how many Dash coins can be mined, this cap is fixed at 18 million. Hence, only 18 million Dash coins can be mined. About 2million of them were mined within the first 48 hours of its launch. At present, a total of 7.4 million of the Dash coins have been mined. Dash has a variable block reward which decreases at 7.1% rate every year.
Competition
Both bitcoin and Litecoin aim to become a medium for digital transactions one day, when cryptocurrencies would probably go mainstream. Litecoin’s market value surged in 2017 when Steam (a popular diversion platform) announced that it would be using Litcoin instead of bitcoin on its platform. However, over the years Dash has definitely taken the advantage.
Conclusion
In this article, we gained a brief idea about the popular cryptocurrency Dash. We were introduced to it, learnt about its history and how it was founded. We then went into depth to understand the working of this crypto and finally compared it with the all time popular, Bitcoin in order to gain a deeper perspective about Dash.
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