Dash cryptocurrency is undeniably one of the best coins on the crypto market. Its characteristics are so extensive and useful that it seems that Dash has collected all the best that was in other cryptocurrencies and, to some extent, it is. Previous articles have repeatedly mentioned the advantages of Dash over other cryptocurrencies, but often this was done so superficially that it did not reveal it in full light. Well, it’s time to fix it. To get a better look at the whole picture, let’s compare Dash with the largest “monster” of the cryptocurrency market – Bitcoin.
Anonymity and speed of transactions
Yes, I agree, this is an overused topic and everyone has long known that in terms of anonymity and transaction speed, Dash is significantly superior to Bitcoin, therefore, without delving into the details, we will just briefly list the main points and summarize.
So! Dash uses the InstantSend mechanism, which allows transactions to be completed in just one second, and the PrivateSend mechanism makes these transactions completely anonymous.
There are no such mechanisms in Bitcoin, and therefore in the race for anonymity and transaction speed, with a score of 2:0, Dash confidently wins.
Network control
In the Bitcoin blockchain, only miners have the right to vote, and they do not need to be the owners of the coins. The Bitcoin network is currently controlled by several large mining companies, which is certainly not a plus.
With Dash, things are completely different. Only the so-called Masternodes – special nodes that support the operation of the “PrivateSend” mechanism, have the right to vote here. To be owners of Masternodes, investors need to have at least 1000 Dash on their accounts. Currently, there are about 4,100 master nodes, and to gain control of the Dash network (51% of master nodes), attackers will need about $ 750 million, which makes such an attack very costly and therefore unlikely. Thus, the Dash network is controlled exclusively by the investors themselves, which, of course, is a huge plus for any decentralized network.
Limited asset
Both Bitcoin and Dash have a limited total supply of 21 million and 22 million coins, respectively. However, if for Bitcoin this value is real, then for Dash it is only theoretical, in reality, the total emission will be only 16-18 million Dash. This is because 10% of the Dash emission goes to the development of the project, but these coins will appear only if an idea worthy of funding is proposed. If such offers are not received, then these coins simply will not appear on the network, and 10% fewer new coins will be created. Thus, the total issue of Dash will be even less than the issue of Bitcoin.
But that’s not all. Let’s go back to Masternodes. Currently, there are about 4,100 Masternodes, which means that at least 4.1 million Dash are frozen on the accounts of master node owners, which is more than half of the 7.5 million coins in circulation. Thus, there is only 3.4 million Dash in free circulation against 16.5 million Bitcoin. Do not forget that master node owners receive 45% of Dash emission as a reward, the same amount as miners receive.
Liquidity
So we finally got to that part of the race where Bitcoin simply has no equal. Bitcoin is the most popular and liquid of all cryptocurrencies. Bitcoin accounts for about half of the entire crypto market, despite all its shortcomings. Every new investor who comes to the crypto market comes first for Bitcoin. Bitcoin is like McDonald’s, everyone knows it, which, of course, cannot be said about Dash. Therefore, in the race for popularity, Bitcoin wins.
