Cardano is known as a technology platform of Ada cryptocurrency which
is more than just a crypto. It is used to send & receive funds that
are secure through cryptography.
Cardano has ha digital cash which
depicts the future of digital funds and their transfer mechanism.
The
whole platform is in developing the process where each layer has its own
function and flexibility in regard to adaptation and modification to
current needs.
This is the only crypto project which is developed on the basis of
scientific philosophy and compromises on the research from academics
& engineers around the globe.
Influencers:
Cardano was founded by the co-founder of Ethereum in 2015.
There are 3 generations of blockchain in the market now where all crypto projects are being developed.
Generation 1: Bitcoin and Money Transfer
Generation 2: Ethereum and Smart Contracts And the most recent one is:
Generation 3: Cardano
It’s founder Hoskinson wanted to stay a step ahead from the world
because of few mostly addressed problems including Scalability,
Interoperability. And Sustainability.
Advantages:
More reliable than other crypto platforms.
Proof of stake validation eliminates the need for extra machines.
It is a two-layered system where each layer is responsible for a complete task.
Working more on interoperability of different crypto platforms.
Stellar is a non-profit payment network based on blockchain which eliminates the need for the bank by giving substitute of any bank institution. It is a distributed blockchain ledger that provides cross-asset transfers in no time along with its robust database system. Its digital asset is Lumens (XLM).
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Influencers:
This project is influenced by significantly major names of blockchain industry.
Nicolas Barry - CTO
Bartek Nowotarski- Developer
David Mazières - Chief Scientist
Boris Reznikov - Partnerships
Ella Qiang - Partnerships China
Technology:
Stellar has presented its own Stellar Consensus Protocol(SCP) which makes no assumptions about attackers. It has surpassed both existing consensus proof-of-stake & proof-of-work algorithms and opened a new door to modest computing & finances. By the use of SCP barriers to enter and open financial system is lessened.
Advantages:
A very little fee of any transaction which is about 0.00001 XLM ($0. 000005).
Instant transaction within 0-5 seconds.
A non-profit organization, community owned.
Big partners like IBM and DELOITTE.
Disadvantages:
It is a pre-mined coin.
A limited number of XLM are available.
XLM lower price.
What is Stellar Lumens:
Stellar Lumens is a Ripple-based cryptocurrency (created in 2014) that was designed for quick, extremely inexpensive transactions.
It’s a trustless system that gives users the ability to send money across countries and currencies inexpensively and instantly.
Like OmiseGo, Stellar Lumens aims to provide the whole world with inexpensive, decentralized financial services.
Every user of the Stellar Lumens network will benefit from this, but users living in poverty-stricken and underbanked regions will benefit the most.
The fact that Stellar is open source and geared toward developers also supports their mission as a sort of “people’s coin”.
Stellar Lumens Value, Market Cap and Volume:
[September-03-2018@11:21]: There are over 4.31 billion XLM tokens currently in circulation.
There is a total coin surplus and distributed at: 103,432,382,849 XLM coins.
There is currently privately owned coins at: 18,431,982,740 XLM coins that
The Stellar XLM coins can ever be mined to set value of 103,432,382,849 and no greater than.
This may point toward some difficulty in raising the value of the individual tokens.
Generally, coins with lower supply caps have an easier time gaining in value. However, if Stellar can manage to seat itself as the most usable coin for its purpose, the large supply of coins may not be such a hinderance.
The fact that Stellar is taking steps to form a good relationship with the developers’ community is a good sign that it is well-positioned to be adopted for wider use as a currency for everyday transactions.
For the first three years of its life, Stellar Lumens hovered between $0.02 and $0.04.
Then, in May of this year, it saw a sharp increase–at its height, a single XLM token was worth just over $0.06.
It has since fallen to around $0.02, but is likely to keep growing.
How Does Stellar Work?
To use the Stellar Lumens network, you must create an account.
You make a deposit on the network in your country’s currency, which is then credited to your account in the form of XLM tokens.
When you withdraw from Stellar Lumens (using an “anchor”), your money is converted back into your currency (or the currency of whomever you sent your XLM to).
“Anchors” on the Stellar network are entities “that people trust to hold their deposits and issue credits into the Stellar network for those deposits”.
In other words, anchors can be banks, farmers’ coops, or other mobile money operators that can issue credits, accept deposits, and can process withdrawals.
In order to qualify as an anchor, an entity must fit certain legal criteria.
Anchors on the Stellar Lumens “act as a bridge between existing currencies and the Stellar network”.
As a user of Stellar, you can go to a Stellar anchor and withdraw money into the “real world”.
Stellar, Low Fees, Fast Transactions:
Stellar is a “platform that connects banks, payment systems, and people”.
The Stellar platform can be used to send money across the globe in seconds, for literally a fraction of a fraction of a cent (0.00001 XLM).
By comparison, the average Bitcoin transaction fee has recently risen to over $8. The fees are among the lowest in the world of cryptocurrency.
Other than the tiny transaction fee, there are no other fees associated with using Stellar’s network.
The fee serves the purpose of preventing malicious users from “spamming” the network with hundreds or thousands of fake transactions (this is called a “Denial of Service”, or DoS, attack).
Essentially, DoS attacks “clog up” the blockchain, preventing regular users from accessing the network and causing a host of problems, including failed transactions.
In order to be a user of the Stellar transactional network, you must hold a minimum of 20 XLM, which amounts to a little less than $0.30.
This ensures that each of the accounts on the network is authentic, which also prevents fake transactions and DoS attacks from happening.
Micropayments for Humans:
Stellar’s low fees and lightning-fast transaction times make it a good candidate for micropayments, although other coins, like IOTA-coin may be able to achieve this even more efficiently.
However, since IOTA was designed more for m2m (machine-to-machine use), Stellar Lumens may be the best “human-use” equivalent.
Stellar also seems to be committed to serving the interests of its individual users rather than larger corporate entities (banks, for example).
Interestingly, Stellar has made moves to make anchor partnerships in Nigeria.
Many in the technological world view Nigeria as the land of hackers and online scammers, but the Stellar Lumens team sees the untapped potential of the creativity that lays in the Nigerian “cypherpunk” community.
Tether is bitcoin-based cryptocurrency which allows users to send, receive and store digital tokens by mirroring the value of the actual currency. Initially, it allowed only the USD but later on added Euro and Yen in the list. The main idea behind this project was to bless the world with a stable currency.
Stable Currency:
Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen.
The digital currency/coin serves as an alternate of actual money in any supported currency. For example, if anyone can buy 1 Tether for 1USD and store it as the actual value of its amount. That is the reason why Tether token price is never assumed to be increased.
100% Backed:
Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD.
Transparent:
Our reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.
Blockchain Technology:
The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.
Widespread Integration:
Tether is the most widely integrated digital-to- fiat currency today. Buy, sell, and use tethers at Bitfinex, Shapeshift, GoCoin, and other exchanges.
Secure:
Tether’s blockchain-enabled technology delivers world-class security while meeting international compliance standards and regulations.
Money built for the internet:
Whatever you can do with digital currencies, you can now do with digital cash.
Blockchain Companies:
Offer your services in a variety of digital currencies.
Price goods and services in a currency your customers are familiar with.
Reduce operating costs and times by bypassing financial institutions.
Exchanges:
Use tether as an alternative to traditional currency deposit and withdrawal methods.
Secure and manage customer assets purely through crypto-processes, including multi-sig.
Settle fiat balances between exchanges much easier and in real-time.
Individuals/Traders:
Seamlessly move currency between exchanges and wallets.
Enhance your cross-exchange and currency arbitrage strategy.
Be the custodian of your own funds and eliminate exchange custodial risk .
Influencers:
A list of high profile technical people is influencing Tether’s growth.
JL VAN DER VELDE: - Chief Executive Officer. GIANCARLO DEVASINI: - Chief Financial Officer. PHILIP G. POTTER: - Strategy Officer. MATTHEW TREMBLAY: - Chief Compliance Officer. STUART HOEGNER: - General Counsel.
In Depth Research:
Tether (USDT) that 10 largest “coin” according to Market Capitalization, has excess dollars in its bank accounts that the USDT in the circulation as on June 1, 2018, concluding USDT is completely backed. Tether which is considered a stable coin claims that its 1 USDT = 1 USD.
The coin has been in controversy as its name surfaced, along with BitFinex, in a report which claimed that the USDT was used to manipulate the Bitcoin prices in December 2017, which lead to the rise in bitcoin hovering over USD 20000:
BANK 1: $1,968,538,584.82 USD (unencumbered)
BANK 2: $576,528,652.00 USD (unencumbered)
TOTAL: $2,545,067,236.82 USD"
The report also noted that, According to Tether’s transparency page (https://wallet.tether.to/transparency), the amount of fully-backed USD Tethers in circulation as of June 1st, 2018 was equal to $2,538,090,823.52 USD Tethers This meant that the company had a cushion of around USD 7 million in excess.
Although the report was in favour of Tether, it was taken up controversially by the community as skeptics stated that since tether had hired Freeh Sporkin & Sullivan LLP(FSS) to conduct this investigation, the complete legitimacy and transparency of the report was questioned, even though FSS stated had they had not given any advance notice to the company regarding their investigation date.
Founded in early 2015, Tether is objectively a far less volatile
“investment” relative to other cryptocurrencies.
The Purpose of Tether
is to:“[convert] cash into digital currency”.
Tether is a “pegged”
token, which means that each Tether token is equivalent to the unit of
currency that it is tied to on a 1-to-1 ratio–for example, 1 USD₮ is
always equal to US$1.
Tether was built on the Bitcoin blockchainthrough the Omni Layer Protocol. Essentially, Tether acts as a means of payment and wallet safe storage with the security and versatility of blockchain technology.
Tristan D’Agosta, CEO and Founder of the Poloniex Exchange, said that
““Tether’s growing adoption and careful attention to legal compliance
have made it the leader in solutions for fiat on the blockchain.”
Tether
can be used as a means-of-payment in online businesses in applications,
as an easy way to invest in other cryptocurrencies, and as a secure way for crypto traders to store their money in crypto format without losing its value.
Because of the nature of its value, Tether is, in many ways, better
suited to a variety of uses than other coins with more volatile token
values.
Tether can act as a user-friendly bridge between the world of
cryptocurrency and other financial services, including payment
processors, ATMs, and even banks.
Tether’s conversion fees are extremely low, and the Tether network charges no commissions for sending or receiving transactions.
Tether Value, Market Cap and Volume:
Tether is not a cryptocurrency that should be thought of as an investment in the same way that other cryptocurrencies, like Bitcoin.
The dollar-value of coins like Bitcoin is highly volatile, and changes
over time. Bitcoins that cost US$0.01 at the very beginning of their
lives now cost over US$10,000. Tether is always 1-to-1, which makes it
suited to a variety of practical purposes, but it shouldn’t be viewed as
an investment that anyone expects to get a return from.
Even though Tether is less volatile than other cryptocurrencies, it
shouldn’t necessarily be thought of a “safer” way to invest or store
money. Tether’s legal policy essentially says that Tether has no legal
responsibility to guarantee that users will have access to their funds,
and Tether has no liability if anything happens to the funds (even if
it’s Tether’s fault).
However, Tether is a reputable entity that has been deemed
trustworthy by a number of leaders in the cryptocurrency industry.
Tether currently offers tokens “pegged” to three currencies: the USD,
the Euro, and the Yen. It plans to expand its range in the future.
How Does Tether Work?
Each “Tether Dollar” is backed up by an actual dollar in a “real
world” bank. The Tether Proof of Reserves system allows users to check
the amount of USDT in circulation (omnichest.info).
The amount of physical USDs held in reserves is proved by regular
audits and public publishing of information regarding the Tether bank
account. To view the bank balance, visit the Tether website’s
“Transparency” page.
Buying and Storing Tether:
The easiest way to buy and store is through Tether’s website,
Tether.to. On the website, you can create an account. There are two
kinds of accounts–one for individuals and one for corporations. Using
your account to deposit and withdraw cash, however, does require that
you verify your identity–a deterrent for users who wish to remain
anonymous.
Tether is widely used, and is therefore available for purchase on all of the world’s major exchanges (and many of its minor ones, too). You can purchase USDT at Omni, Bitfinex, Poloniex, ShapeShift, Ambisafe, GOCoin, HolyTransaction, expresscoin, RChange, CCEx, Kraken, Bittrex, Liqui, Cryptopia, MegaChange, and HitBTC.
Tether can be stored on the Tether online platform or in any Omni
Layer-enabled wallet, one example of which can be found at
omnilayer.org.
Tether for Businesses and Developers:
Tether has been designed to be easily integrated into pre-existing
online business and applications as a means-of-payment. Tether allows
the businesses and applications to easily change their conventional
transactional systems to blockchain-based networks. Tether can be
integrated using an API interface, and the Tether team offers “full
infrastructure support” to its adoptees.
History of Tether:
Due to some technical issues on the part of the Taiwanese bank that
Tether uses to store its “real world” backing, there was a point in its
history when a single USDT was actually worth US$0.93. Currently, a
single USDT is trading at $1.01. Users who bought up the cheaper Tether
dollars were able to sell them for a decent profit.
Tether Controversies:
On Tether’s “Legal” page, the following is published:
“There is no contractual right or other right or legal claim against
us to redeem or exchange your Tethers for money.
We do not guarantee any
right of redemption or exchange of Tethers by us for money.
There is no
guarantee against losses when you buy, trade, sell, or redeem Tethers.”
~ tether.to/legal
What this means is that Tether is not legally obligated to allow you
to redeem USDT for USD once you convert USD to USDT. This raises a
serious red flag for many members of the cryptocurrency community, as it
should. The legal page also includes an extensive Limitation of
Liability and Release clause that essentially says that the Tether
company is never responsible for what happens to your USDT, even if it
is technically their fault.
By nature, Tether is a very centralized platform. Unlike Bitcoin,
Ethereum, or most other cryptocurrencies, which are “trustless”, Tether
requires its users to put their faith in the company to be good stewards
of their money. While Tether has proved itself to be reliable, the
level to which Tether is centralized may be enough to send some
potential users running.
That being said, Tether is a network and company with a reputation to
uphold. Additionally, many other cryptocurrency “all-stars” have
publicly supported its use. Essentially, it has been adopted for
widespread use for a reason. Tether has proven itself to be trustworthy,
at least up until this point. Tether also takes a number of steps to be
as transparent as it possibly can.
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have which are its main differentials to Bitcoin.
The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.
The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.
In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.
Introduction:
Introduced as the “silver” to Bitcoin´s “gold” (don´t get confused with BCG - the "gold" in this case is just a likening to precious metals in the world of cryptocurrencies, and "gold" definitely means the original Bitcoin BTC).
Litecoin began as a hardfork of Bitcoin. It was released as an open-source code on Github in October 2011 by Charlie Lee, a former Google employee.
Right from the start, Litecoin had a different approach to block sizes and their generation speed (2.5 minutes), therefore achieving faster transaction confirmation times compared to Bitcoin.
Another major difference of Litecoin compared to Bitcoin is the use of scrypt as its proof of work algorithm. Litecoin’s scrypt hashing algorithm is memory-demanding, which encouraged GPU mining.
It was an attempt to resist the development of application specific integrated circuits (ASICs) which dominated Bitcoin mining in 2013 and exponentially increased its mining difficulty. However, first ASIC miners for Litecoin’s scrypt were introduced in 2014.
The main advantage of Litecoin seems to be its agile development. Although Litecoin is among the TOP 5 cryptocurrencies in terms of market capitalization, there’s less politics involved and less conservatism needed. Therefore Litecoin was the first of the TOP5 cryptos to activate the Segregated Witness (SegWit) protocol, already in May 2017.
The team behind Litecoin has been showing dedication since Litecoin’s introduction in 2011. Much of the 2017 Roadmap has been implemented, including the SegWit adoption and creation of the Litecoin Foundation which spearheads and organizes the development of the Litecoin cryptocurrency.
Also known as coblee, the creator and main proponent of Litecoin. Charlie has a broad love for cryptocurrencies in general, and seems to be doing anything in his power to keep them growing. Former Google employee, and ex-Director of Engineering at Coinbase, Charlie is now the managing director of the Litecoin Foundation.
Technology:
Litecoin is a decentralized currency with quick transaction times and close-to-zero transaction costs. Its total mineable amount is 84 million, which is 4X times the number of bitcoins. This makes Litecoin the “silver” currency, suitable for everyday smaller transactions.
Lightning Network:
Litecoin’s development team have always been progressive and they have been working closely with the developers of the Lightning Network. It’s very likely that Litecoin will be among the first crypto coins to adopt this feature.
Lighting network enables super fast payments with exceptionally low transaction costs by bundling and settling transactions off-blockchain and therefore removing the need to wait for confirmation. The security of these transactions is enforced by smart-contract-like rules. The developers boast millions to billions of transactions per second possible.
Advantages:
Quick block creation (2.5 minutes) and transaction times
Ability to process 8X more transactions than Bitcoin in a 10-minute window
Good liquidity and stable market price
Somewhat ASIC-mining resistant due to the Scrypt algorithm
Great community with high consensus for changes
Disadvantages:
Entirely based on BTC.
Lags behind Bitcoin core and runs on obsolete code.In the shadow of BTC and doesn’t offer that much novelty.
Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.
The Ethereum Classic mission statement is:
"We believe in decentralized, censorship-resistant, permissionless blockchains.
We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts.
We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests.
We believe in censorship-resistant platform that can be actually trusted - by anyone."
Total coins supply, total network hash rate, last block number and total difficulty are freely provided by Gas-Tracker.
In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb.
Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.
Introduction:
In massively increasing crypto words “Ethereum” is a well-known name after Bitcoin. Ethereum classic is certainly not a totally new cryptocurrency but a modified form of the existing Ethereum.
Both “Ethereum” & “Ethereum classic” hold the same list of features i.e. smart contracts, decentralized applications, and rewards.
In mid 2016, the hacker(s) found a place in the DAO (Decentralized Autonomous Organization) token and sneaked out $50 million dollars out Ether worth.
After this attack, the community took action where some of them moved to Soft Fork and some towards Hard Fork.
The soft fork is where after the update software can be downgraded again to the previous version, whereas in Hard fork backward compatibility is not available.
Influencers:
[Twitter] - Vitalik Buterin:
Vitalik is a programmer based in Toronto; who first dreamed of developing a platform inspired by bitcoin. He is also the co-founder of the Bitcoin Magazine.
He first started writing a huge list of blogs about blockchain technology and cryptocurrencies but later presented his own idea of the Ethereum platform.
[Twitter] - Dr. Gavin Wood:
Gavin is the co-founder of the Ethereum platform, he also contributed by writing yellow papers which specially described the technical depth including the Ethereum Virtual Machine (EVM), smart contracts, and the Ledger and etc.
[Twitter] - Joseph Lubin:
He is the co-founder of Ethereum and has also initiated a startup CONSENSYS which is purely working on building smarter decentralized apps (DApps).
Technology:
Same as other crypto platforms; the Ethereum ecosystem is also based on smart contracts which are automated and speed up the transaction time.
Despite bitcoin, Ethereum is programmable which provides its users to play how they want to.
Users are not obliged to use the pre-defined set of operations, but they can create and use their own operations at any level of complexity and integrity they want.
EVM is being used to execute code and logic of decentralized apps in a more-friendly programming language. Most market-present languages are supported, i.e. JavaScript & python. Ethereum is said to be a blank canvas ready to be used by anyone for their desired operation.
DAO was aimed to be used so that all future decentralized apps are developed on the Ethereum ecosystem. It was considered to be a complex smart contract which remains in the line of revolution.
Advantages:
A promising future in terms of new evolution in the overall Ethereum eco-system.
Back on feet with smarter teams.
A dedicated team of young people has the vision to pursue.
Closely follows the immutability philosophy of blockchain network.
Has recently got the backing of a few big players.
Recently announced great investments are raising high hopes.
Fast transactions confirmed in max. 30 seconds.
High level of transactions security.
Smart contracts.
DAPPS Framework for development upon Ethereum Virtual Machine the original Ethereum PoW technology.
Disadvantages:
Lesser trust because of the 2016 DAO attack.
A large group shifted to other platforms; faced a sudden drop.
Dash (DASH) uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work.
The DASH Coin aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions, this feature is called PrivateSend and can be found on the official Dashcore wallet.
PrivateSend mixes your DASH coins with other users who are also using this feature at the time, making your transactions untraceable.
Users can also earn Dash rewards by hosting a master node to help maintain the Blockchain. One must have a balance of at least 1000 DASH in order to host a Dash master node, this collateral is required to avoid 51% attacks on the network. Here is the Masternode stats from masternodes.online.
Introduction:
The Dash Cryptocurrency strongly focuses on the payment industry while offering a form of money that is fast, inexpensive, portable and divisible.
Dash was first known as XCoin (2014) and Dashcoin Can be spent online and offline in the same time with a minimal transaction fee.
It is user-friendly and also suitable for scalable payments.
Currently offers instant transactions and private transactions and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses for work that adds value to the network.
Dash has its own budgeting and decentralized governance system which makes its first successful decentralized autonomous organization.
See the graph below which shows how Dash’s masternodes network grown since 2014...
Technology:
We can imagine Dash as a digital cash, which can be spent easily and instantly online and at merchants and service providers worldwide.
Dash has a revolutionary governance and funding infrastructure over a decentralized framework and uses over 4000 masternodes to verify transactions.
Dash InstantSend fully confirms payments in 1-4 seconds and uses the second-tier masternode network to lock a transaction.
This makes Dash perfect for retail adoption and direct payments and we can say that it works like a decentralized digital cash.
It also protects personal spending habits and business trade secrets with a system of decentralized mixing called PrivateSend.
PrivateSend keeps your transactions private and fungible.
Evolution with is a tiered network design and works to provide efficient financial services along with Decentralized API (DAPI) access and a decentralized file system.
It significantly improves the usability of wallets and the blockchain.
DashDrive –blockchain and encrypted user data storage in masternodes. This allows for a 10,000x growth of the blockchain withoutsacrificing performance.
DAPI – decentralized API, which allows users to access the network securely.
DashPay Wallets–decentralized light clients connected via DAPI.
Social Wallet–a social wallet, which allows contacts lists, grouping of users, shared accounts and multi-user merchant account access.
Nearly Unlimited Transaction Speed–with Dash Evolution the transaction speed is estimated to increase to 10,000 transactions per second.
Advantages:
It has a $2,5 million budget for the monthly development.
The 90% of it are split of its block reward, or new coins created every month, evenly between miners and masternode stakeholders, with the remaining 10% up for grabs for whichever projects those masternodes vote to approve.
This is the thing which gives the Dash competitive advantage over almost every other coin.
Dash is more decentralized than other coins: -The reason is that Dash has a CEO and Because of the governance system mentioned earlier, investors, rather than remain helpless or attempt to whip up mining farms and try to hire another development team out of their own pocket, can actually vote on the direction of funding and development.
Dash figured out Bitcoin’s scaling and consensus problem: - Two problems are holding over the Bitcoin – scaling and consensus.
Dash solved both of them. Dash adopted a voting mechanism and has a perfect roadmap, which shows exactly how to be able to offer cheap and instant transactions at a rate of 4,000 or more per second, how to get to that point and how incentivize the nodes which are necessary to run the network.
Dash has never broken its privacy feature with a substancial bounty to prove otherwise.
Even it could be easy to forget that Dash has airtight optional privacy features.
Known before as Darkcoin, Dash came back in 2014 and since this time the PrivateSend has never been broken.
It „asks“ for a mass adoption: - Dash is on its way for a mass adoption.
We can see that while oher cryptocurrencies are stucked in an insular world of limited use, Dash is tailor-making a digital currency experience for everyone and when finished, it will use its considerable budget to be spread like a wildfire.
Disadvantages:
It seems like it’s pretty hard to find a disadvantage about the Dash cryptocurrency, but there are some.
We still have to realize that all cryptocurrencies are very young and they could still fail, so can Dash.
Here are the most frequented Dash disadvantages: -Its own current name - Some people can for example hate the name "Dash“, mostly because you cannot find it easy online or in the Google search.
Dash are also some totally different products and they can’t be connected with the Dash cryptocurrency at all.
The Dash Team: - Another weakness can be seen in the core Dash team.
Too many failed projects and wasted money plus the fact that the team had spent so much time and resources on relationships with exchanges and other businesses, rather that channeling resources toward actual usage of the currency in the real world.
Early-stage projects: - It could be seen that Dash will have a problems with its early-stage projects in the future.
Too many transactions on the Dash blockchain, not enough merchants accepting Dash and only a few people who use Dash Daily.
For Dash it seems to be a must to change its long-term „life“ a little bit.
Dash(coin) = Sh*tcoin? - Dash is sometimes critized and called a „centralized shitcoin“.
The reason are projects which failed its developer Evan Duffield. He is an owner of a substantial part od Dash and thanks to this he can aggressively reduce its price.
EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”).
This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. For more information, please read the EOS.IO Technical White Paper.
Introduction:
EOS is an operating system based on blockchain to support decentralized applications. It is designed to provide core functionality and let the other businesses to build their own blockchain applications in more simpler and finer way just as developing a web application. EOS is one of the competitors of Ethereum and moves forward with the same pace.
Influencers:
Brendan Blumer - CEO
He is part of blockchain industry since 2014 and now involved in trading of virtual currencies.
Daniel Larimer – CTO
His focus is to innovate new technology from VR to second generation cryptocurrencies. He is the inventor of most famous and widely used concept of “Proof of stake” and “DAC”
Block.one
The company who is behind the EOS development.
Technology:
EOS software uses decentralized consensus algorithm “Delegated proof of Stake(DPOS)” which actually meets the suggest performance requirements in blockchain industry. By using DOPS algorithm; users with the token on blockchain application(which is based on EOS.IO software) can select blocks and participate in production and voting.
Advantages:
List of advantages is quite similar to Ethereum.
It works with parallel processing which higher the transaction speed and overall process scalability.
Its evolutionary and have a margin of 5% inflation.
It has a constitution which is agreed by each stakeholder.
The user is not required to pay for every transaction.
Disadvantages:
Dan Larrimer is known to switch quite often from one technology to other and that is why people don’t believe this project to be long lasting.
A list of competitors is much cheaper and easier then EOS.
Not popular among those who are new to the crypto world unlike Ethereum.
