7 Reasons Why The Dash Is A GREAT Long Term ? Cryptocurrency Hold (The Cryptoverse)

Dash has been all over the news lately, and understandably so considering what has happened to the price since the 7th of November.

So here are 7 major reasons why I think this is happening.

1 – It Knows What It Is
The name Dash is derived from the words ‘digital cash’. It is being developed as a payment network to replace the likes of PayPal.

The Dash community know exactly what they are building, why they are building it and who they are building it for.

This makes development much faster since decisions are made based on whether it makes Dash a better or worse payment network.

Which brings us on to reason number 2.

2 – The Dash Network Runs Like A Business
The Dash community are not primarily obsessed with ideology, neither is it overly politicised.

Dash are building a product for the relentless demands of the consumer, which is where the majority of their energy is spent.

Which brings us on to reason number 3.

3 – Dash Stays Focused On The Actual Users Of The Product
Being absolutely clear that Dash is a payment network allows the community to then focus on making the best product for the users.

This again helps decisions be made much faster due to the level of clarity on the outcome that they want to achieve.

For example, Dash is working on a joint venture with KuvaCash
https://www.kuvacash.com/ a project aimed at resolving the out of control currency inflation in Zimbabwe.

Another example is the series of Dash conferences being held in Venezuela, another country experiencing a currency collapse.

The first Dash conference was attended by 600 people who were hungry to learn about a real solution to the currency problem their government has failed to solve.

Which brings us onto reason number 4.

4 – Dash Improvement Proposal 0001
https://github.com/dashpay/dips
By the time you view this video, an upgrade to the Dash network will likely have activated.

This upgrades increases the Dash block size to 2 MB while at the same time reducing transaction fees by a factor of 10.

With transaction fees less than a penny, Dash takes aim at third world countries like Zimbabwe and Venezuela who can’t afford $1 transaction fees that are charged by the Bitcoin network.

5 – An On Chain Governance System
https://www.dashcentral.org/budget
https://dashvotetracker.com/
Dash pioneered the idea of having an on chain voting system that would allow stakeholders to vote on the direct the network should evolve.

This allows Dash development to move many times faster than it’s rivals since decisions can reach a conclusion quickly and progress can continue.

This is how the increase to 2MB blocks was decided and how future changes to the Dash protocol will be made.

6 – A $3.5m Monthly Budget
https://dashvotetracker.com/
10% of all newly created Dash is set aside for the Dash treasury.

People submit proposals for work they would like to do which will add value to the Dash network.

Using the on chain voting system, these proposals are accepted or rejected and the worker is paid in Dash, giving them a huge incentive to do their best work.

Even with companies like Blockstream funding the Bitcoin Core developers, I doubt they would be happy to invest $3.5m per month of their own money developing a system they do not own or control.

This allows Dash to pay it’s developers and anyone willing to do valuable work, rather than relying on volunteers and donations.

7 – Ryan Taylor
https://www.dash.org/2017/10/09/interviewryan.html
Ryan Taylor is the leader of the Dash core team.

Before working on Dash full time he covered research for the payments industry in a multi-billion dollar New York hedge fund.

Ryan’s whole job was to understand how the payments industry works, what the leverage points are and why new startups in the payments industry succeed or fail.

This experience ties directly into the focus on Dash being a payment network to replace the likes of PayPal, and you have a leader whose experience is in perfectly alignment with the direction Dash wants to go.

7 Reasons Why The Dash Is A GREAT Long Term ? Cryptocurrency Hold (The Cryptoverse)

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Kane Dane