Ryan Taylor, CEO of the Dash Core team, believes that instant cryptocurrency confirmations, such as those provided by Dash’s InstantSend and ChainLocks, can help solve the persistent issue of market volatility as expressed on a recent episode of the Abra Money 3.0 podcast.
In a recent interview with Abra founder and CEO Bill Barhydt on the Abra Money 3.0 podcast, Taylor elaborated on the issue of market volatility, which affects Dash more significantly than Bitcoin due to its smaller market capitalization, saying that he believes that instantly-confirmed transactions can balance out the issue of volatility:
“The volatility issue is real. It’s even more real for a smaller cryptocurrency like Dash, which has about 25% higher volatility than Bitcoin does. One of the advantages that Dash has is its speed, however, because volatility over time can be reduced if the time itself is compressed. When we have exchanges that honor InstantSend transactions, or honor one confirmation, it can allow them to only take cryptocurrency fluctuation risk for a period of a couple of minutes. Over the course of an hour, the price of Bitcoin or any of these assets can change dramatically. Over the course of two minutes, not so much. One of the answers we have to the volatility issue is if you’re really just getting in and getting back out, Dash’s speed offers advantages.”
Dash’s InstantSend functionality locks…………….
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Author: Dash News
Original link: https://dashnews.org/dashs-ryan-taylor-believes-instant-cryptocurrency-confirmations-can-solve-volatility/