I will not make a long presentation of myself. But what I would say is that I will be moving to steemit in order to do what I like to do, write about crypto currencies and share information and technical analysis. I will try to keep regular post for everyone.
Seven years ago the mysterious and brilliant Satoshi Nakamoto developed a revolutionary software called Bitcoin. A paradigmatic technology at the same time revealed to the world an efficient payment system and very low cost with the use of digital currency, also called "cryptocurrency", which in addition to decentralized rely on the security provided by encryption, thus not depending on any central authority or government. Being a cryptocurrency, Bitcoin uses a decentralized network called "blockchain" to keep track of the balances of users and making financial transfers of a Bitcoin address to another.
However, Bitcoin has two disadvantages:
1 PRIVACY -
For operating in an open registration system, anyone can freely have access to the balances and transaction histories from others.
2 - SPEED -
The Bitcoin network a financial transfer can take up to an hour to be performed and confirmed, which makes it impractical on a day-to-day business environment.
Dash has solved the first problem, which is lack of privacy, and is rapidly advancing towards a solution to the second problem of Bitcoin, speed. The solution that will give instant transactions to Dash has already been announced by Evan Duffield, and is scheduled for the next stage of development, after having been open source code.
The opening of the source of financial software code as the Dash is vitally important to allow people to have full assurance that your privacy is protected, leading to increased confidence in the quality and system efficiency. Users can easily scan the code to ensure that there are no vulnerabilities, backdoors, or other problems of any kind. And more than that, anyone can, based on the current code, develop and improve, as has been done over the years with Bitcoin.
Evan Duffield, the developer of Dash, also announced that the development of privacy solution has already left the stage "beta" of development, no longer a simple "release candidate", which means that Dash is ready for general use , with safety.
Future cryptocurrency updates are expected with regularly, and include advances such as the cryptographic communication technology by multipath, which is already in development, and that will bring another layer of privacy to the system, allowing users to communicate securely with network, without exposing their IP addresses at the same time hiding the identity of the nodes Darksend. Thus, it becomes extremely difficult, if not impossible, to third parties to obtain information from users. Through the multipath routing, you can send to users, redundantly, multiple encrypted messages for different routes on the network "mesh".
But perhaps the most revolutionary feature is the instant confirmation of transactions system, as described in a recent whitepaper (https://www.darkcoin.io/downloads/InstantTX.pdf). This technology will allow the Dash compete with credit card in terms of transaction speed. The launch of instant transactions technology will also cause it to become the cryptocurrency faster confirmation, allowing, for example, that commercial transactions are processed in seconds, eliminating the need (and the inherent risk) to make funds deposited in brokerage since the financial transactions will be instantaneously.
You can support my write making a donation in any of this currencies;
DASH: Xk7PGzaSpDNwrwVGj5LxeShDWXRJYMtb8n
ETH: 0xb02e628261ca95b3c0dcf7a6dbf7eddb1753151e
ETC: 0x0a01861dff54a22f306191c8a0d7f05634b0edfd
BTC: 1AnHq6hS7DdqtMMWCfxxDV3w5gQG6GcGwE
When btc becomes regulated (wich it probably will some day), alot of people are going to move over towards the more private cryptos, such as Dash and Monero.
Keep in mind that what made bitcoin big, was the fact that it was "private". When bitcoin becomes regulated, money that made bitcoin big will make Dash/Monero big aswell.
I wish I could use Dash more. Right now, all my income is in Bitcoin, and even then I have to get creative to be able to spend as much as possible without having to convert to fiat. But as soon as Dash is accepted more places (and especially gets into the gift card app market like eGifter), I will be doing much more with Dash.
I think the larger crypto community is starting to 'get it' that Dash may be 'The One'. It has more than just privacy and speed. It is basically a DAO already. It pays for its own management and promotion off of its own blockchain and POS supernode network. How cool is that?
I'm glad that Jaxx is bringing it to mobile very soon. However I haven't heard anyone say if the Jaxx implementation will support PrivateSend (or whatever it is now called)? I think that has been only avail if one is running the Dash QT client, correct? This NEEDS to be a mobile thing! With the current interest and small market cap, it's not surprising that the price seems to be going up 10% or more every day for that last few days.
We are a huge fan of Dash! This is a great post!
I like Dash project, steady grow for years. It seem to be well driven! I'm wondering who will be the anonymity cash winner - if Dash, Monero or ZCasch or someone else - MaidSafe maybe. We will see in a year or two.
I upvote U
Hi.. This post should be Chinese.. see my proposal for steemit and language tags. https://steemit.com/languagetags/@leprechaun/use-iso-language-tags-for-steemit-is-multilingual . Vote up if you think it is a good idea.