LITECOIN
LITECOIN
Coin: DASH (DASH)
Dash's intends to replicate Digital Cash and its characteristics and code closely resembling Bitcoin.
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Tokenomics
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Security
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Scalability
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
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Team & Developers
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Usage & Adoption
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Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
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Overall Rating
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Dash was launched in 2014, by Even Duffield, inspired by Bitcoin's attempts to decentralize the way humans transact. The name Dash is given to both the blockchain network facilitating transactions and the Dash coins it operates. As the name suggests, Dash's intends to replicate Digital Cash, and its characteristics and code closely resembling Bitcoin. This is because Dash is a fork of Litecoin which was originally a fork of Bitcoin. Dash uses a Proof of Work Consensus mechanism like Bitcoin and has a maximum supply of 18.9 million coins.
Unlike Bitcoin, however, Dash can also achieve instantaneous transaction approval through its master nodes which have multiple responsibilities, including facilitating transactions, governance and holding the networks data. Master nodes are joined by miners who split their mining rewards 45% each and send the remaining 10% to the Dash Treasury. Dash has seen success in both South America and Africa who typically experience heightened levels of corruption, Inflation and limited access to financial institutions.
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