- May 26, 2014
Craig Wright indicated a friendly competition between Dash and Bitcoin Cash as both seek to replace Bitcoin’s vacant throne as king of digital cash payments.
In a debate on Twitter over scaling Bitcoin for fast and cheap everyday commerce transactions, Wright, the chief scientist at nChain, maintained the need for instant and cheap transactions in order for it to be useful for point-of-sale transactions:
The method for this result preferred by Wright was reliable zero-confirmation transactions, which may not settle on the blockchain immediately, but still are reliable to be trusted when broadcast for smaller amounts. Dash can be used in this manner as well, except has an added benefit of the InstantSend functionality, which uses masternodes to lock in a transaction until it has been confirmed by miners, ensuring that the transaction will definitely settle.