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How is Dash Different than Other Cryptocurrencies? - NEWSBTC 12/20/2017

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Hi it’s Invest Diva’s Kiana with News BTC and here is your cryptocurrency update. Today, we’re going to take a look at Dash, the 8th largest cryptocurrency by market cap as of today. Dash is currently trailing behind Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, IOTA, and Cardano, with its market cap standing just a tad below 9 million dollars. Dash surged and reached for a new high of $1262 on Tuesday, before erasing some of the gains by the end of the trading day. But how is Dash different than the other altcoins? Well, like many of them, Dash is a fully decentralized peer-to-peer (P2P) network. It is a next-generation digital currency based on the Bitcoin software. But Dash claims to have solved many of the problems inherent in Bitcoin by speeding up transactions, offering enhanced financial privacy, and developing decentralized governance and funding system. In fact, governance has become a hot topic in the digital currency world. Dash allows owners of 1,000 DASH to create a special node called a masternode, and owners of masternodes receive a vote on the future direction of the currency. Masternode owners also get to vote on the allocation of Dash’s monthly budget, which is the largest recurring budget among cryptocurrencies. Another point that makes Dash stand out, is its recent activation of 2 MB blocks. Unlike Bitcoin and Ethereum, Dash is pursuing an on-chain scaling solution. Dash’s current roadmap calls for an early version of Evolution to be launched in the summer of 2018. With that, we could expect the cryptocurrency to reach for new highs, perhaps above $2,000. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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solarguy (9 months ago)
It's hard to beat good fundamentals. Bitcoin struggled for more than two years to go from one meg blocks to two meg blocks. It never did get the job done. Dash made the decision to double block size from 1 to 2 megs...in a day. On a good day, Bitcoin transactions take minutes, often many minutes. Some take hours. https://blockchain.info/charts/avg-confirmation-time Because Dash block times are 4 times faster than Bitcoin (2.5 minutes vs 10) and because we have double the block size, we have 8x the transaction capacity of BTC, and for a little bit more, Dash InstantSend locks your transaction in under 3 seconds. Plus Bitcoin transaction costs are ~200 time greater than Dash transaction cost. Anything Bitcoin can do, we can do better.

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