Monero vs Dash

Dash was a Bitcoin fork that launched in 2014 as Xcoin, and subsequently adopted the name Darkcoin.  The idea with creating Dash was to overcome the privacy and transaction speed shortcomings of Bitcoin. It can take 10 minutes to process Bitcoin transactions, and the public ledger that is its decentralized blockchain, unfortunately, allows anyone to examine transactions and potentially identify the parties involved. In contrast, Dash transactions can be completed in seconds and participants remain anonymous, thanks to a conjoined mixing technique that helps to hide their identities.  As of this writing, DASH is sitting in 19th position on the list of top cryptocurrencies by market capitalization. It is worth $72.50 and has a market cap of $661 million.

Monero is another privacy coin, albeit one with a different heritage. It was initially forked from Bytecoin in 2014 and it’s grown in popularity thanks to its ability to perform anonymous transactions. Where Bitcoin users have to divulge their addresses to complete transactions, Monero users don’t. Using Monero is safe because transactions are un-linkable and untraceable. When you send coins to someone they are diverted via randomly generated addresses (called stealth addresses) that are only used for that one transaction, and they aren’t publicly recorded in the ledger. Its ring signature covers up funding sources too, by grouping them in with other transactions.

Dash vs Monero - The Differences

When choosing between Dash vs Monero, most people assume that they are similar, but they achieve their aims in different ways.

Dash and Monero both facilitate digital cash transactions and both are scalable. Dash was created to build on Bitcoin’s disadvantages, adding better security and quicker transaction speed, but Monero beats it in terms of absolute transactions. Its use of the ring signature feature makes transactions untraceable, while Dash uses a coinjoin technique called PrivateSend. It has been argued that because Dash’s privacy features are optional, it isn’t as secure as Monero, which automatically makes every transaction private.

Dash vs Monero - The Best Investment

All cryptocurrencies have tended to be eclipsed by Bitcoin, but that doesn’t mean that there aren’t opportunities waiting further down the line among the privacy coins. Many people prefer Dash for its market growth, but for superior privacy, many go with Monero.

Monero uses cryptotone technology, which offers greater privacy to its users, while Dash employs masternodes for validating transactions. The privacy aspects of the currency are optional, which goes against it.

For investors, Dash may appeal more because transactions are completed more quickly. Monero transactions can take 30 minutes to complete, whereas Dash can achieve them almost instantaneously, and by using the optional PrivateSend feature they should be untraceable too.

Dash vs Monero

Looking at these two cryptocurrencies, there are benefits for each of them which inspire trust.

  • Consensus Algorithm: Monero and Dash both use a Proof of Work (PoW) algorithm for mining transactions that protects the network from cyberattacks.
  • Masternodes: Dash uses them to help maintain its blockchain. Monero doesn’t include this feature.
  • Premine: Dash had a 25% premine to raise funds and generate interest. Monero did not.
  • ASIC resistance and untraceable mixing are both included with Monero but not with Dash.

Dash and Monero both came along in the wake of Bitcoin intending to improve on its features. Both achieve this in their own way.