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Dash
It solves Bitcoin's following problems :
- no privacy in its transactions on the blockchain (Dash has optional privacy for its transactions on the blockchain that users can use -> PrivateSend)
- slow confirmation time for its transactions (Dash has a much faster confirmation time then Bitcoin and also provide optional instant confirmations --> InstantSend)
- governance issues, just look at the whole block upscale debate that not only took forever to solve but also severly divided its community (Dash has decentralized governance through its masternodes system, which means decisions can be done fast and measured reliable)
- funds issues, Bitcoin relies too much on funds from third parties which makes it vulnerable to outside influences (Dash has decentralized funding by allocating 10% of its mined blocks to a budget system where masternodes vote over)
- user unfriendly (Dash is focussing on making the whole process of interacting with Dash much more user-friendly so that even your mom can use Dash.. this will be done through the Dash Evolution update thats worked on)
- offchain upscaling, which leads to larger centralization and also seems less efficient as solution, Bitcoin roadmap plans to use the Lightning Network for this (Dash is focussing on an onchain solution by making sure the masternode network and the miners can process much larger blocks (in november 2017 Dash will activate 2 MB blocks and it plans to expand the blocks all the way to 400MB in the course of time)
how is it better than monero?It solves Bitcoin's following problems :
- no privacy in its transactions on the blockchain (Dash has optional privacy for its transactions on the blockchain that users can use -> PrivateSend)
- slow confirmation time for its transactions (Dash has a much faster confirmation time then Bitcoin and also provide optional instant confirmations --> InstantSend)
- governance issues, just look at the whole block upscale debate that not only took forever to solve but also severly divided its community (Dash has decentralized governance through its masternodes system, which means decisions can be done fast and measured reliable)
- funds issues, Bitcoin relies too much on funds from third parties which makes it vulnerable to outside influences (Dash has decentralized funding by allocating 10% of its mined blocks to a budget system where masternodes vote over)
- user unfriendly (Dash is focussing on making the whole process of interacting with Dash much more user-friendly so that even your mom can use Dash.. this will be done through the Dash Evolution update thats worked on)
- offchain upscaling, which leads to larger centralization and also seems less efficient as solution, Bitcoin roadmap plans to use the Lightning Network for this (Dash is focussing on an onchain solution by making sure the masternode network and the miners can process much larger blocks (in november 2017 Dash will activate 2 MB blocks and it plans to expand the blocks all the way to 400MB in the course of time)
