Dash, one of the world’s top cryptocurrencies, recently made headlines after showing a humongous gain of about 70% over 48 hours. It’s trading at the time of writing at $103.34.
Formerly popularized as ‘Darkcoin’, Dash zig-zagged out of Bitcoin to provide faster, transparent, and more secure transactions to users., A recent podcast by Ryan Taylor, CEO of Dash Core Group, spoke about the blending technique of coinjoin, which the cryptocurrency offers. They believe that this technique is capable of providing an extra layer of privacy. which otherwise would be lacking. He suggests that even though all cryptocurrency offers a decent amount of privacy, the outreach of privacy offered varies and this is where Dash triumphs.
Dash wallets grew over by 400% in 2019, in Venezuela. The travesty which the economy experienced led to this outward burst. He believes cryptocurrency isn’t the alternative, but dash is.
He also shared his two cents on the growing adoption rate of the past few years, mentioning Venezuela :
“There’s a great deal of adoption in Venezuela. Dash is neck to neck with bitcoin in terms of usage.”
Facebook Libra launch unlikely in 2020, claims Dash CEO
Taylor also believes Facebook’s Libra launch would not be entering the market in 2020 stating :
“Libra might get certain obscure third world countries to allow the experimentation where things are so bad that people are desperate for an alternative, but I don’t think things are going to work out for Libra this year.”
Taylor also unfolded that inflation is not the only fact behind people being enticed by cryptocurrencies. He observed that since developing countries are lagging behind in financial structure development especially the power structure and all other ways in which payment is bound, people are seeking alternatives. He believes the panacea to these real-world problems resides in crypto-adoption adding that- “Dash is enabling use cases that other cryptocurrencies couldn’t.”