Hello everyone, I am getting excited about Dash the more I study it. I am still a big believer in the potential of Bitcoin, but I see Dash as a viable cryptocurrency in its own right. In my effort to distinguish the two, I have created this comparison infographic: I am happy to hear any critiques of the chart: Am I missing anything? Is anything inaccurate? Also, if anyone wants a print-quality PDF of the image, just PM me.
I like this one..... I'm glad you can see what Dash has to offer. These are definitely crazy times we live in....
Perhaps it's also worth mentioning the https://www.dash.org/x11/ X11 hashing algorithm which is composed of 11 different algorithms, that combined create a WAY MORE SECURE algorithm than the SHA256 Bitcoin uses. DASH should be resistant to the first generation of quantum computers while Bitcoin's encryption could be cracked. DASH is also ASIC proof for the next few years because of it.
Being this is an infographic, maybe you can include a miniature map of masternode distribution? http://178.254.18.153/~pub/Dash/Masternodes_Map.html
Perhaps also include a nodes/market cap ratio. I think this would make for an interesting metric. DASH has almost as many nodes as Bitcoin while having just a fraction of the market cap.
Talking of hashing algorithms, it would be nice to highlight it's power efficiency compared to bitcoin; more eco-friendly
Bitcoin market cap/node ratio 5,843,842,533 / 5547 = 1,053,514 DASH market cap/node ratio 24,091,278 / 3,501 = 6881 *LOWER IS BETTER Bitcoin node source https://bitnodes.21.co Dash node source http://www.dashnodes.com
- X11 (as mentioned) - Node Ration (as mentioned) - Blockchain download size/ QT maybe ? - decentralised Funding - Dash centralized (MIT) - BTC ? ping me when done, i definitely will share this
I just got through the Princeton University book on cryptocurrencies that someone linked a while back (see below), and the writers mention Dash and X11 by name. Apparently, X11 is not really that hard to create an ASIC for compared to SHA256, but rather the up front expense seems to be the limiting factor. Given this information, it seem that if we start breaking price barriers, we may see X11 ASICS much sooner than that. https://piazza.com/princeton/spring2015/btctech/resources Pablo.
Great work, ericsammons, and thanks for the follow on Twitter. I will gladly post the finished product on Twitter, and make sure my Bitcoin contact list sees it.
Perhaps, guess it depends on how the price goes but the most the quantum computer argument is more powerful and appealing I guess. Some gov agencies are already working on quantum computers as well as some private entities.
Should also consider adding the Dash sporks feature to the list. This is particularly important right now in the context of this Bitcoin Classic/XT Core debate Many Bitcoin folks are freaked out by hard forks. Dash alleviates these concerns by using sporks. These sporks allow for features to be fully thoroughly tested before implementation, making sure stuff's working fine.
Yes, definitely. Quantum computers are what don't let me sleep at night. Do you imagine the chaos if a Bitcoin address was legit "hacked" this way? I would suspect, givien the sort of funding the NSA and other technical agencies get, that this technology already exists, and has existed for some time, at a level capable of carrying out such an attack; it's just not public yet. Would be great if Evolution would be resistant to this attack vector. Pablo.
love the chart, saw it posted on Reddit, i am waiting with my sharing part (all official accounts) until this is final and finished ! tx
love the chart, saw it posted on Reddit, i am waiting with my sharing part (all official accounts) until this is final and finished ! tx
