Dash is a decentralized currency similar to Bitcoin. Dash uses the blockchain data structure and the proof-of-work consensus protocol. Dash solves some of the major issues that are caused by Bitcoin. Here are some issues related to Bitcoin:
- Transactions take a few minutes to complete, and in today's world, we need transactions to complete instantly. This is because the mining difficulty in the Bitcoin network is adjusted in such a way that a block gets created once in an average of every 10 minutes. We will learn more about mining later on in this book.
- Although accounts don't have an identity associated with them, trading Bitcoins for real currency on an exchange or buying stuff with Bitcoins is traceable; therefore, these exchanges ...