Dash Cryptocurrency is another digital or virtual currency like Bitcoin but much more powerful and versatile with a lot more flexibility in terms of conversion to liquid currency.
How to Check GPS Location with a Live Tracker in Pakistan
Dash cryptocurrency
1. Dash Cryptocurrency
Dash may have reason to believe that its cryptocurrency is far advanced in comparison with
Bitcoin. From the perspective of the consumer though, Dash's claims are refutable as Dash
coins like SpectroCoin can be transferred to a bank account and thereby one would have
funds on one's debit card for use wherever its an acceptable mode of payment. Unlike in
other parts of the world, in the U.S. for example, consumers would be lucky enough to find
merchants offering the convenience of accepting direct dash coin payments for the purchase
of goods and services as they are indeed few and far between.
Listed on Dash's website are ATM machines among other places dealing in dash coins which
is a reflection that trading in dash coins is in its incubation stage yet. Until recently the size of
the average transaction has been in excess of a few thousands of dollars which is an
indication that it's trading mainly as an investment similar to bitcoin.
The self-funding system of Dash is indeed unique in the sense that while minting new dash a
nominal amount is earmarked for the purpose of improving the ecosystem of the
currency. Dash has plans of investing a maximum of over a million dollars in Alt Thirty-Six
- a point-of-sale payment software platform accepting dash for the purpose of targeting the
legal marijuana market in the U.S. The power users of Dash have voting rights in the
decision-making process when it comes to funding of projects. Conversely, Bitcoin is
dependent on donations from volunteers for funding of software development projects.
The structure of Dash has two tiers which are a unique feature. While Bitcoin miners are the
ones doing all the hard work on the blockchain, in contrast, Dash has a layer of super-users
known as "master nodes" and the key role of these master nodes is essentially decision-
making in regards project funding and facilitating private transactions on Dash's platform.
According to a recent update, with a purchase of a minimum of 1000 dash coins with a buy-in
price of almost a million dollars would one qualify as a master node. 45% of the new coins
created are assigned to miners with an equal percentage to master nodes and only a meager
10% to the network.
Crypto Intelligence
As a result of Dash's master node system with the concentration of power among a handful of
users, some critics believe that Dash isn't actually a decentralized network. There are others,
2. who are of the opinion that the distribution of coins, to begin with, has been unfair as creators
and early adopters alike were awarded almost a whopping two million dash on the very first
day of mining. Dash's rebuttal has been that a software bug is the cause of quick mining of
coins and that there was a proposed re-launch of the currency to rectify the error. The
community, however, voted against.
Nonetheless, the coin is rallying big time, and some analysts view it as the most eligible and
worthy successor of bitcoin, and more so because its affordable even with a strong
ecosystem.