Wilmar Toro
Active member
It is not necessary to make an extensive explanation of the snowball that has developed in relation to the network of Bitcoin and the effects that it produces in the way of handling the transactions.
Fees have been increased as a way to "accelerate" a transaction, which ultimately increases the costs of any operation we do. This has made Bitcoin an unattractive currency for day-to-day finances.
Dash tries to position itself as "digital cash", this means that not only must it have ease of use, it must also provide an economical way to make transactions.
We know that transaction fees are a way to make the network operable, while the miners are encouraged by their work.
Given the case of Bitcoin, I consider that Dash should not repeat the story, indeed, it should be used as learning.
I know that Dash's participation in the market will increase, both due to the natural evolution of the currency and the market, as well as to the implementations from the technology and businesses that have been developing. This means that transactions with Dash will increase exponentially.
Will we reach saturation of the Dash network?
Well, while the most experienced analysts are the right people to answer that question, since this moment that question must be considered and the implications it would bring.
Bitcoin is transforming itself: from currency to a way to storage wealth. Who should assume the place that leaves?, Dash represents the currency that can take that place, with advantages over other options: defined maximum supply, ease of management, InstantSend, PrivateSend, a system of governance (DAO), a monthly Budget to be accessed by any user, Evolution is about to be implemented, as well as continuous relationships, partnerships, alliances and businesses related to cryptocurrencies.
Faced with an increasingly likely future in which Dash is the most widely used "digital cash", the community must prepare itself to deal with situations that have already occurred in other cryptocurrencies (Bitcoin), without allowing Dash to cease to be attractive to all. It should be ensured that transaction fees do not increase too much (and therefore make daily use absurd), perhaps at the protocol level a parameter can be established for these commissions, for example by limiting a maximum amount of fee per transaction, to prevent fee falling prey into the supply-demand game, so that if a transaction pays more than "X" to accelerate it, it will be rejected by the network. Let's not forget that InstantSend exists for these procedures.
Dash must continue with its evolution as it has been doing, not only in marketing, but also creating the necessary conditions to make it the cryptocurrency par excellence to be called "digital cash"
Fees have been increased as a way to "accelerate" a transaction, which ultimately increases the costs of any operation we do. This has made Bitcoin an unattractive currency for day-to-day finances.
Dash tries to position itself as "digital cash", this means that not only must it have ease of use, it must also provide an economical way to make transactions.
We know that transaction fees are a way to make the network operable, while the miners are encouraged by their work.
Given the case of Bitcoin, I consider that Dash should not repeat the story, indeed, it should be used as learning.
I know that Dash's participation in the market will increase, both due to the natural evolution of the currency and the market, as well as to the implementations from the technology and businesses that have been developing. This means that transactions with Dash will increase exponentially.
Will we reach saturation of the Dash network?
Well, while the most experienced analysts are the right people to answer that question, since this moment that question must be considered and the implications it would bring.
Bitcoin is transforming itself: from currency to a way to storage wealth. Who should assume the place that leaves?, Dash represents the currency that can take that place, with advantages over other options: defined maximum supply, ease of management, InstantSend, PrivateSend, a system of governance (DAO), a monthly Budget to be accessed by any user, Evolution is about to be implemented, as well as continuous relationships, partnerships, alliances and businesses related to cryptocurrencies.
Faced with an increasingly likely future in which Dash is the most widely used "digital cash", the community must prepare itself to deal with situations that have already occurred in other cryptocurrencies (Bitcoin), without allowing Dash to cease to be attractive to all. It should be ensured that transaction fees do not increase too much (and therefore make daily use absurd), perhaps at the protocol level a parameter can be established for these commissions, for example by limiting a maximum amount of fee per transaction, to prevent fee falling prey into the supply-demand game, so that if a transaction pays more than "X" to accelerate it, it will be rejected by the network. Let's not forget that InstantSend exists for these procedures.
Dash must continue with its evolution as it has been doing, not only in marketing, but also creating the necessary conditions to make it the cryptocurrency par excellence to be called "digital cash"
