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Faster Than Bitcoin??? | Blockchain Central

Faster Than Bitcoin??? | Blockchain Central

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video provides an overview of Dash, a cryptocurrency based on the Bitcoin protocol with unique features like masternodes, InstantSend, and PrivateSend. Masternodes require a deposit and offer additional network responsibilities. InstantSend allows quick transaction approvals, while PrivateSend ensures privacy through CoinJoin. Dash's treasury system funds development and is governed by a decentralized autonomous organization (DAO). The video concludes with a summary of Dash's benefits and encourages viewer engagement.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main features of Dash cryptocurrency?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do masternodes differ from regular nodes in the Dash network?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of the deposit required to set up a masternode?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the concept of 'InstantSend' in Dash.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the mechanism called 'CoinJoin' and how does it enhance privacy?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Dash network fund its development projects?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do masternodes play in the governance of the Dash network?

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OFF

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