Statistics released by the <a href="https://www.cryptoknowmics.com/crypto/dash-node-counts-exceed-bitcoin-cash-sv-litecoin-dogecoin-combined/">DASH</a> network has revealed that the crypto-network has more active nodes compared to <a href="https://www.fxstreet.com/cryptocurrencies/news/bitcoin-cash-technical-analysis-bch-usd-bulls-are-struggling-to-break-down-500-201906241637">Bitcoin Cash</a> (BCH), Litecoin (LTC), Bitcoin SV(BSV), and Dogecoin (DOGE) combined. BlockChair, a blockchain analytics company, conducted the survey to evaluate and compare DASH to other notable cryptocurrencies. 
What is a Node?

In <a href="https://www.cryptoknowmics.com/crypto/the-cryptocurrency-that-goes-up-360-this-year-and-its-not-bitcoin/">cryptocurrency</a>, a node can either be an active electronic device such as a computer, phone, or a printer that is connected to the internet and has an IP address. The primary function of a node in any blockchain network is to support the network by validating transactions and maintaining a copy of a blockchain. Each cryptocurrency has its own nodes which are structured in binary trees and functions to maintain the transactions records of a particular token.

So, what does these Statistics Mean?

Delving deeper into the statistics, DASH holds 4,383 reachable nodes compared to <a href="https://cointelegraph.com/news/price-analysis-22-06-btc-eth-xrp-ltc-bch-eos-bnb-bsv-trx-ada">LTC</a> which carries 1, 830, BCH 1,473, DOGE 514 and BSV ending the list with 383 nodes at a time. The analysis did not take bitcoin into account, which holds a massive 9,205 reachable nodes at a time thanks to its massive dominance in the hugely competitive cryptocurrency market.

While the data may point at a possible market dominance by the DASH coin, the company advises that the significant margin in reachable nodes between DASH and the listed cryptocurrencies is due to incentivization of the masternodes. This means that masternodes on the DASH network receive a commission on each block reward making the network users maintain a strong network since it's profitable even when blocks are not mined.

Masternodes eliminates the possibility of altruistic or concealed financial motives as the operators are always assured of profit even if blocks are not mined. Additionally, Masternodes are usually incentivized to ensure peak network performance.

The statistics also mean that DASH has widely been adopted confirming its recent reports indicating increased adoption in countries facing hyperinflation such as Venezuela. The increased adoption of DASH networks is due to its robust, efficient, and incentivized masternode network that allows for real-time transactions which are confirmed instantly. The InstantSend by default feature allows for real-time settling of transactions not achieved in other popular cryptocurrencies. The network is also extremely secure thanks to the ChainLocks feature that offers 51% immunity against mining attacks.

To conclude, while there have been numerous criticisms on the statistics attributed to masternodes and the market cap of LTC and other coins, the statistics could be a true picture of DASH widespread adaptability attributed to its more superior features.

Dash Node Counts Exceed Bitcoin Cash, SV, Litecoin, Dogecoin Combined

Am Wayne, a Blockchain enthusiast and expert in crypto trading. Currently, I cover trendy issues on digital currencies.

Dash Node Counts Exceed Bitcoin Cash, SV, Litecoin, Dogecoin Combined

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