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- Algorithm: While Bitcoin uses SHA-256 proof-of-work, Dash uses X11, a modified proof-of-stake algorithm, which results in faster block times.
- Faster transaction times: The 10-minute block time of Bitcoin is 4 times longer than the speedy 2.5 minutes block time of Dash.
- Transaction validation: The Bitcoin transaction validation process is carried out by all miners in the network, which can result in clogging and backlogs. In order to remedy this, Dash uses a different system involving masternodes, ie. owners of at least 1,000 DASH, which simplify the verification and validation process.
- Governance: In contrast to Bitcoin, which offers the successful miner the block reward and transaction fees in their entirety, Dash splits the block reward into three parts: 45% for the masternodes, 45% for the miners and 10% for further development of the cryptocurrency.
- Rewards: Whereas the reward for mining one block of Bitcoin is currently 6.25 BTC (about $129,000), one block of DASH awards a total of 2.48 DAH (about $112).
- Halving: Bitcoin's block reward is halved every 210,000 blocks (roughly every 4 years). While Dash has a similar setup for tailing off the minting of new coins as the maximum supply approaches, it isn't the same as halving, with the block reward dropping by 7.14% every 210,240 blocks (about every year).
- Supply: Bitcoin's total supply is 21 million, while Dash's is 18.9 million.
Other Irish Open Results
Place | Player | Chips |
---|---|---|
1 | Stro | 2,755,739 |
2 | bigmoneysundays | 2,724,767 |
3 | selectedgolem | 2,718,637 |
4 | Angry Regular | 2,458,239 |
5 | andone0199 | 2,387,534 |
6 | sknara | 2,268,222 |
7 | mathematic13 | 2,142,481 |
8 | Gestintuvas0 | 2,074,585 |
9 | maxbro | 2,028,179 |
10 | billouris13 | 2,011,194 |
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