Dash Vs Litecoin Vs Dagcoin
There are only a few cryptocurrencies which have stood the test of time. Dash and Litecoin are two of those cryptocurrencies. They might not be as popular as Bitcoin, but over a couple of years, they indeed are successful in garnering a loyal following.
In the world of Altcoins, Dash and Litecoin have their own separate place. As a result, cryptocurrency enthusiasts are pondering over the future of Dash and Litecoin as to which coin will go ahead of the other. Moreover, the world of cryptocurrency is facing another storm in the form of Dagcoin which has completely revolutionized the field.
While, almost, all the cryptocurrencies come under the hood of investment options, Dagcoin comes as a welcome addition to the field with the aim of becoming an everyday currency which people could use for their daily spending.
Moreover, Dagcoin completely removes the traditional blockchain from the equation and brings in DAG or directed-acyclic-graph-chain which perfectly eliminates the problems of scalability and transaction costs faced by the blockchain. In this post, we are going to exclusively talk about Dash, Litecoin, and the Dagcoin, penning down specific features of all indicating as to what separates them.
What is Dash?
Dash cryptocurrency, deriving its name from the phrase ‘Digital Cash,’ popularly known as the next generation Altcoin, started its journey in February 2014 at $0.6. The primary aim behind the development of Dash digital currency was to create the most scalable cryptocurrency. Created on the core code of Bitcoin, the Dash crypto was an improvement over the shortcomings and the weaknesses of Bitcoin.
Cryptocurrency enthusiasts are particularly interested in how to mine Dash and where to buy Dash coin due to the advantages that Dash coin offers. The biggest advantage of Dash comes in the form of Dash master node technology which creates a trustless protocol ensuring the security of every transaction.
Moreover, the Master Node network ensures that a plenitude of features can be added to the Dash cryptocurrency, whenever required, in the future. Dash digital currency also provides one of the highest levels of transactional and financial privacy through the option of PrivateSend.
Speaking about the speed of Dash cryptocurrency, a transaction takes around 4 seconds to complete which is considerably faster than a lot of other cryptocurrencies. Moreover, a transaction in Dash cryptocurrency costs considerably less than the traditional banking and credit card transactions.
However, people doubt the decentralized nature of Dash digital currency. This is due to the fact that the development team members set aside 2 million out of the 18 million Dash coins for themselves. Dash coin mining for these 2 million coins completed within 2 days of the coin’s release. Hence, out of the entire Dash mining pool, 2 million coins are under the control of the developers, thereby raising suspicions over its decentralized nature.
What is Litecoin?
Litecoin, one of the top names in the list of Altcoins, is a peer-to-peer cryptocurrency. Cryptocurrency investors are particularly interested in how to invest in Litecoin, how to buy Litecoin, and how high can Litecoin go due to the unique set of advantages that the Altcoin provides over other cryptocurrencies.
First of all, the system on which Litecoin is constructed is entirely open source. This enables Litecoin to effectively and efficaciously execute and implement updates whenever there are considerable changes in the relative market. This makes Litecoin extremely adaptable and provides a highly positive answer in response to the question, will Litecoin go up.
Another point, which makes investment favorable in Litecoin, is that the upper limit of Litecoin is 84 million coins as compared to Dash’s 18 million coins. Moreover, if we speak about Bitcoin, it has a maximum limit of 21 million coins.
However, a transaction takes around 2.5 minutes to complete in the case of Litecoin, which though is considerably lower than the 10 minutes of time taken by a transaction to complete in Bitcoin but is more than the 4 seconds of time taken by a transaction in Dash coin.
Keeping all the above points in view, the future of Litecoin, as predicted by the cryptocurrency experts is, indeed, good as they believe that Litecoin has got a significant potential to grow. This reflects in their Litecoin price prediction 2019 as well as Litecoin price prediction 2020.
However, if you are thinking as to what could Litecoin be worth in 10 years, as of now, that is a difficult question to answer. So, if you are thinking should you buy Litecoin now or not, keeping in mind the opinion of the cryptocurrency experts, you, indeed, can go ahead and buy some Litecoin to diversify your cryptocurrency investment portfolio.
What is Dagcoin and how is it different?
Coming to Dagcoin, the freshest addition in the list of cryptocurrencies, the new digital currency is behind the beginning of a revolution in the cryptocurrency sphere. The revolution comes from the fact that, as mentioned in the beginning, Dagcoin completely removes the traditional blockchain from the picture.
The coin introduces DAG-Chain or directed-acyclic-graph-chain. If you are thinking as to what are the advantages of the DAG-chain over the traditional blockchain, then let us surprise you by sharing that the DAG-chain eliminates the problems of scalability and rising transaction costs in their entirety from Dagcoin.
You know that an external miner plays a crucial role in the transaction confirmation process over the traditional blockchain. However, in the case of DAG-chain, there is no role for an external miner. A transaction confirms itself by referencing earlier transactions.
This drastically reduces the transaction confirmation time in Dagcoin. Being based on a directed-acyclic-graph, the increase in the number of users won’t impact negatively the performance of Dagcoin. On the contrary, the increase in the number of users will make Dagcoin’s performance much better. This solves the problem of scalability. Speaking about transaction cost, with the increase in the number of users, the transaction cost will go down as the performance of Dagcoin network will continue to get better.
The developers of Dagcoin have left no stone unturned in ensuring that Dagcoin fulfills its primary aim of becoming the cryptocurrency that, apart from being a good investment option, people could also utilize for their daily spending.
The Dagcoin ecosystem comprising of DagWallet, Dagpay, Merchant Finder, and SwipeX ensures that people dealing in Dagcoin face no problem whatsoever in their financial transactions.
Overall, if blockchain developers are not able to find a working solution to the primary issues of scalability and rising transaction costs, Dagcoin may render blockchain obsolete. This gives Dagcoin a massive potential of becoming the cryptocurrency of the future.