The sensual charm of DASH, Bitcoin & CO
Only those who have had this very sensual new crypto money experience actually know what we are talking about here: with DASH, transfers only take seconds (not days or weeks - even when it goes to the other end of the world). The whole thing costs "cents" - regardless of the total amount, without a bank, i.e. without any newer and higher fees, regardless of bank opening times, i.e. also without delay on holidays, Saturdays, Sundays and public holidays. And its peer to peer , 24 hours a day.... 7 days a week (not 4.5 as with banks).
Then there are hardware "wallets" that can read the blockchain securely from any virus-infected and bugged computer. They serve as "your own bank" with your own account, to which no other person has access than yourself. These - your own values - are "uncrackably" encrypted in the blockchain - and you can store them in any other medium you can think of. Bitcoin was recently unable to keep up with its own pace of transactions because it was overwhelmed by the phenomenal success of its own volume increase. For the time being - after putting on a second layer - Bitcoin has solved this problem.
Some early Bitcoin disciples continue to comfort themselves with the increase in value and Bitcoin's gold-like properties. But some fail to realize that at the rapid pace of development in the crypto-biotope, one cannot rest on initial achievements. Those who have invested early into their "escape money" only once in the right cryptos can hardly understand why they should change back into "valuable" dollars, because they still enjoy their fantastic course profits - even after the recent price decline .
Thanks to its network of master nodes, DASH, remains within seconds for transfers and can send these not only "pseudonymously" but even "anonymously" (as with real cash) with its "private send" function anywhere in the world. DASH wants to become the digital money of the future. The consumer experience is still very techno-, crypto-, and nerd-heavy in most crypto currencies, but currencies like DASH are working on new wallets like "Evolution" (which is not just name but also mission). Evolution should make money transfer for everyone as easy as sending an email - without visible or perceptible crypto-fuss.
The governance model of DASH
Another important feature of competition comes into play here: the so called "governance" of the respective currency. While sometimes "old-fashioned" crypto currencies such as Bitcoin and Ethereum are developing in chaotic, sometimes anarchistic - looking long debates and in leaps and bounds - sometimes with painful divisions, so-called forks. DASH has its own "governance" called DASH-DAO (= Decentralized Autonomous Organization) that prevents substance-sapping fragmentation of the currency - promoting "evolution". The internal advantage: Decisions that took years at Bitcoin can be made within 24 hours in an institutionally ordered and democratic process by the so-called "stakeholders" (who are the owners of the master nodes).
But there are other advantages as well: The DASH-DAO is a creature as the legendary Hydra: if you beat off one head, two will grow somewhere else.
That’s a competitive edge over the most powerful opponents, so many states, that are looking for ways to get rid of the unpleasant private money competition. DASH has now a network of more than 4,500 master nodes spread all over the world and these are made available by so-called "stakeholders" who each hoard 1,000 DASH for this purpose and can only then operate one master node. Masternodes get 45% of all new DASH's for the service they provide service, which corresponds to continuous revenue and guarantees DASH a robust, healthy and self-financed network infrastructure. Moreover, it is them, and not the miners or any obscure sponsors, who determine the direction of DASH policy transparently by voting proposals after public discussion.
To Part 1 - Bitcoin & DASH - the raptors are loose!
To Part 3 - How the suicide of the state monetary system fuels cryptocurrencies