Dash vs. Monero

Dash and Monero are two cryptocurrencies with an emphasis on privacy and security.

What problem are Dash and Monero solving?

Dash and Monero are best understood in comparison to Bitcoin.

Bitcoin (BTC) is the first popularized decentralized digital currency in the World. The idea of bitcoin is peer to peer transactions without the need for a central authority, third party, or middleman. This truly revolutionizes the way we have ever thought about money.

Dash (DASH) and Monero (XMR) started in 2014 highlighting two privacy issues for Bitcoin:

  1. Bitcoin is traceable Every bitcoin transaction is recorded on a public ledger. You can’t see the sender and recipients names, but you can see their wallet addresses. So bitcoin is not fully anonymous, most people refer to Bitcoin as being pseudonymous, or mostly anonymous.
  2. Bitcoin is not fungible —

What does it mean to be ‘fungible’?

“Fungible: The property of a good or a commodity whose individual units are essentially interchangeable.”

The US dollar is mostly fungible. For example, you and I could exchange 1 US Dollar, and each dollar is equal. 1 dollar = 1 dollar.

Bitcoin is not fungible

Because Bitcoin is traceable, there have been attempts to block, or blacklist bitcoin that comes from addresses where Bitcoin has been stolen, or gained illegally.

What problem is Dash solving?

  • Dash is like bitcoin with added privacy
  • It is like bitcoin with higher security
  • It offers point-of-sale (POS) improvements to bitcoin. Point-of-sale refers to the time and place a transaction occurs.
    • The timeframe for confirmation of transactions (of bitcoin) is far too slow, rendering it an impractical option.

What solution does Dash provide?

Dash’s technology includes three innovative features:

Masternode Network

Bitcoin’s network is maintained by miners only, whereas Dash’s is multi-faceted. Other than miners, Dash also has masternodes, and a budget system. Masternodes allow for PrivateSend and InstandSend to occur.


InstantSend is one service Masternodes provide for the Dash network. Due to this, users have the ability to send and receive instant irreversible transactions. InstantSend is a wonderful use case for point-of-sale (POS) systems.


PrivateSend is an updated version of CoinJoin. Combined inputs are seen identically from multiple users, while outputs are varying on Dash’s blockchain. This makes it nearly impossible to be tracked and traced by third parties. Fungibility is also increased due to coins being mixed with those of equal value.

What problem is Monero solving?

  • Bitcoin transactions are traceable, Monero transactions are untraceable
  • Bitcoin is not fungible, Monero is fungible
  • It is like Bitcoin with more privacy

Monero is untraceable — Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts.

It is fungible — Because it is untraceable, Monero cannot become tainted through use in previous transactions. This means Monero will always be accepted without the risk of censorship.

Monero is private — Monero is often referred to as a “privacy coin” due to it’s untraceable and fungible qualities.

How are Dash and Monero similar?

Both Dash and Monero are working to create a currency like Bitcoin, but more private.

How do they differ?


  • Dash is a fork of Bitcoin. This essentially means it was created from Bitcoin’s code but altered to enhance privacy.
  • Its privacy is optional with the option to use PrivateSend. However, Dash has a rich list, therefore not private.
  • It is essentially has a hierarchy of nodes with the Masternode Network, rendering them unequal and technically traceable as well.
  • Dash tokens aren’t fungible.
  • Dash also has a strong marketing team and has an ease-of-use approach to appeal to those new to the space.


  • Monero is not a fork of Bitcoin, or a copy of the Bitcoin source code. Monero is a fork of the CryptoNote protocol, Bytecoin.
  • It is private by default with use of a cryptographically secure system.
  • By taking advantage of a few key technologies, it is untraceable:
  • Nodes on the Monero blockchain are equal, without the ability trace transactions with multiple nodes.
  • It is fungible.
  • It is open source

Comparison Chart: Dash vs. Monero

Dash (DASH)

 Monero (XMR)Monero Logo
What is it? An instant, private, and secure cryptocurrency An untraceable, fungible, and private cryptocurrency
Creator(s) Evan Duffield Riccardo “fluffypony” Spagni, Francisco “ArticMine” Cabañas and 5 other core team developers
Went live´ January 18, 2014 April 2014
Supply Style Inflationary Inflationary
Supply Cap 18.5 million Once 18.4 million + .3 XMR/min.
Smallest Unit 1 duff =
0.00000001 dash
1 piconero = 0.000000000001 monero
Price View price View price

Where do I buy Dash and Monero?

Both Dash and Monero are readily available on multiple exchanges.

How much does they cost?

Visit coinmarketcap or coingecko for the latest prices.

dash vs. monero: How many tokens are available?


  • The max supply of dash is 18.9 million.
  • Every 2.5 minutes a new block of dash is generated.

Stay up to date on dash’s block time.


  • The max supply of monero is 18.4 million.
    Once 18.4 million moneroj (the plural of monero is moneroj)
    is reached the inflation rate will continue at 0.3 XMR per minute,
    which is 0.87% per year.
  • Every 1-2 minutes a new block of Monero is generated.

Stay up to date on monero’s block time.

Dash vs. Monero: What can I do with them?


Dash can be used to purchase Contraband Organic Coffee, Coin Wars, and a variety of VPN Provides.


Monero can be used to purchase goods on The Kava Society, Hammock Universe, Kidsweet, a variety of VPN and online services.

Dash vs. Monero: How do I store them?


Dash can be stored on hardware wallets such as the trezor, ledger, and KeepKey support dash. It can be stored on cold wallets such as coinomi and exodus. Learn more about how to store dash.


There are no hardware wallets available supporting monero, however Ledger has listed Monero on their roadmap. It is recommended to store you monero on a cold wallet. This is an offline paper wallet which is the most secure.

The safest way to store Monero is with Monero’s full node. When you download the full node you’ll be downloading the entire history of Monero to your computer — so you’ll need at least a few gigabytes worth of disk space. Monero also offers a paper wallet storage, and a web wallet. Read more about Monero storage options on the official Monero website.

Learn more about Dash and Monero:



What is Stellar?


Those familiar with cryptocurrencies know that Bitcoin is a protocol for peer-to-peer transactions without an intermediary. Stellar takes a different approach, acting as an inexpensive and accessible intermediary for international transfers of value.

Stellar is a payment network that supports use of its native asset called Lumens (XLM). According to, the non-profit behind the Stellar network,

“One lumen is one unit of digital currency, like a bitcoin.”

Stellar was initially forked from Ripple, but gained its place as a unique network with the introduction of its Stellar Consensus protocol.

What problem is Stellar solving?

When someone sends money past international borders (e.g. sending USD from the United States to someone in Japan accepting YEN) the transaction is charged high fees (from exchange rates, and the bank’s charge). Not only that, but the transaction will sometimes take days to reach its destination. As a result, Stellar fixes this problem by making it easier to transfer money across borders.

Stellar’s solution to cross-border currency 

Stellar is similar to Ripple, in that it was created to enable efficient payment processing between users. In most cases, these “users” are actually large financial institutions, as opposed to individuals.

Stellar uses anchors, which act as intermediaries between a traditional currency, such as USD, and the ledger of the Stellar network. If you think of Stellar as a highway, and the user as a car, then the anchor is the on-ramp. Paypal and your neighborhood bank are both examples of anchor-like institutions in the real-world.  Examples of Stellar anchors include Tempo, Stronghold, and Remitr. See the full list of Stellar anchors here.

One way to think about the way that Stellar simplifies the transaction process is this: Right now, some people use banks to send money online, others use Venmo, and others use PayPal. These are all different “anchors” in the sense that they issue you credit on their networks that you can send to other people on the same network. On the Stellar network, each of these anchors (the equivalent of banks like PayPal, Venmo, etc) instead connects to the Stellar network, and can interact with each other quickly and easily.

When you deposit money into your online account of an anchor on the Stellar network, the deposit is recorded as credit in your account. After you have been issued credit, you can send and receive payments from other users. Hence, the Stellar network will convert the credit into your preferred currency at the best available rate when it is time to withdraw funds.

Where do I buy Stellar?

You don’t buy Stellar, that’s the name of the platform. The crypto-asset on the Stellar platform is known as lumens.  Lumens (XLM) can be purchased on popular marketplaces and exchanges.

What is a Stellar Lumen?

A Stellar Lumen is the native asset for the Stellar network. Lumen is to Stellar as US dollar is to the American economy.

To make things slightly more confusing, Lumens were not always called Lumens. In fact, in 2014, before the launch of Stellar Consensus Protocol, the native asset on the Stellar network was called stellars. Then, in 2015, the name was changed to Lumens.

Each transaction made on the Stellar network has a comparatively-low fee of 0.00001 lumens. With one Lumen valued at approximately $0.40 at the time of this writing, this makes the cost of a transaction $0.000004. In other words, it’s very, very inexpensive.

And what happens to the small amount collected for transaction fees? No, the organization behind Stellar does not keep the money. Instead, this money is pooled together, and distributed through an “inflation vote,” which is when the Stellar network releases new Lumens into the network along with the amount collected from transaction fees. The users on the Stellar network cast votes to other users who they believe should receive the currency, and the network distributes the currency in proportion to the number of votes that a user receives.

How do you store Stellar Lumens?

Hot storage options: Stellar Lumens can be stored on an iOS or Android device using Lobstr, touted as “the only wallet for your Lumens.”

Cold storage options: Stellar Lumens can be stored on a Ledger Nano S. At the time of this writing, Ledger Nano S  is the only hardware option for storage of Stellar Lumens.

Target Audience: Who is using Stellar Lumens?

Because of its ability to facilitate rapid, inexpensive transactions to people using different currencies, Stellar is appealing to traditional and online financial institutions like banks and payment processing companies.

This differs from an asset like Bitcoin because it is primarily positioned for use by individual users.


The Stellar network began in 2014 as a fork from the Ripple protocol. It was created by Jed McCaleb, creator of Ripple, and the Bitcoin exchange Mt. Gox. By April 2015, the Stellar Development Foundation had released updated code and a white paper for its new algorithm.

There are two parts to the Stellar network which are Horizon and Stellar Core. If you’re a programmer, you can think of Horizon as the front-end, and Stellar Core as the back-end  of the network. The Horizon API facilitates interaction between external apps and Stellar Core. Stellar Core is “the backbone of the Stellar network.”  Therefore, it is the replicated state machine that maintains consensus of the ledger.


Stellar is similar to, and therefore a competitor to, Ripple. Both are mostly used by financial institutions to facilitate international transactions, however, Stellar is a non-profit that exists to increase access, especially for low-income users, while Ripple is a for-profit business that could offer shares of the company to users.  

Most noteworthy some large financial institutions like IBM have chosen Stellar to facilitate their international transactions.

Notable Supporters

As a non-profit, Stellar does not charge individual users or institutions for access to its network. Stellar received initial funding from Stripe (a notable international payment processing company), and has since received donations from BlackRock, FastForward and  Five percent of the initial lumens were set aside to pay for the costs of operating the Stellar network .

Also, Stellar’s ties to the established business world go further than just charity. The Stellar website lists companiesthat have integrated to, are working with, or are otherwise supporting the Stellar network.” The list includes IBM, DeLoitte, and Stripe, amongst others.  Within this list, the most notable press from Stellar arrived when IBM announced that it would be using Lumens to facilitate its cross-border transactions.

And when it comes to expert advice, the advisors for Stellar are a who’s who of the tech industry. Naval Ravikant of AngelList, Matt Mullenweg of WordPress/Automattic, and Sam Altman of Y Combinator.

Where do I learn more about Stellar?

Bitcoin vs. Litecoin

bitcoin vs. litecoin

Bitcoin and Litecoin are both cryptocurrencies. Today, money is created and managed by individual countries (e.g. the US issues USD, England issues pounds, etc). Bitcoin and Litecoin are revolutionary because the founders have created a global currency that can be used by anyone in the world, and isn’t tied to any country.

Bitcoin was announced in 2009 via an online academic paper. Two years later in 2011 Litecoin was forked (aka. copied) directly from the Bitcoin code because Litecoin’s founder Charlie Lee believed Litecoin could make some adjustments to the code that would offer consumers lower fees, and quicker transaction times.

The innovation behind both Bitcoin and Litecoin is that they allows two people to send money on the Internet without a third party (like a bank). For example, at the moment I can send you money via Paypal, Citibank or Bank of America, but in all of these scenarios we are trusting these companies to manage our transaction. The problem with this current system is that banks take fees to manage our money, and banks are being attacked by hackers daily. Bitcoin and Litecoin allow you and me to exchange money without using a bank, and without relying on a company.

Today, Bitcoin is often regarded as a store of value (similar to how the gold is valued as a global store of value), and for sending higher amounts of money (think: like a wire transfer), rather than for small casual transactions. Litecoin is often regarded as a currency for day-to-day transactions. The popular analogy is that: if Bitcoin is gold, Litecoin is silver (or a credit card).

Bitcoin is:

  • A decentralized global digital currency
  • Stored on a public ledger (known as a blockchain) where each transaction takes 10 minutes to clear (to be approved)
  • Developed by Satoshi Nakamoto — an unknown figure or group of people

Litecoin is:

  • A decentralized global digital currency
  • Quicker than Bitcoin because transactions take 2.5 minutes to clear
  • Developed by Charlie Lee (aka SatoshiLite)

Takeaway: Bitcoin is more like digital gold, whereas litecoin is often thought of as a digital cash.

Comparison chart: Bitcoin vs. Litecoin

Bitcoin (BTC)


Litecoin (LTC)



What is it? A currency (store of value) A currency (medium of exchange)
Inventor Satoshi Nakamoto Charlie Lee
Went live January 2009 October 2011
Supply Style Deflationary (a finite # of bitcoin will be made) Deflationary (a finite # of litecoin will be made)
Supply Cap 21 million in total 84 million in total
Smallest Unit 1 Satoshi = 0.00000001 BTC 1 Litoshi = 0.00000001 LTC
New token issuance time Every 10 minutes approximately Every 2.5 minutes approximately
Amount of new token at issuance 12.5 new bitcoin are issued every 10 minutes. This number will half (to 6.5 new bitcoin) everytime Bitcoin creates 210,000 new blocks. The next halving will be reached 2020. 25 new litecoin are issued every 2.5 minutes. This number will half (to 12.5 new coins) everytime Litecoin creates 840,000 new blocks. The new halving will be reached in 2019.
Utility Bitcoin has been trending towards becoming a store of value like code. Although it is also used for purchasing goods and services Used for purchasing goods and services, as well as storing value (much like how we currently use a checking account).
Price View price View price
Purpose  “Bitcoin is an innovative payment network and a new kind of money.”[฿]

 “Litecoin is a proven medium of commerce complimentary to bitcoin.”[Ł]

Coinbase Bitcoin

Where do I buy bitcoin and litecoin?

Coinbase is the easiest place to buy both bitcoin and litecoin. If you want slightly lower service fees and a more robust interface, then Gdax (a site owned by Coinbase) offers an alternative to Coinbase.

How much does it cost?

Cryptocurrency prices are constantly fluctuating given the supply and demand. To keep an eye on bitcoin, litecoin, or any other altcoin (an altcoin is coin other than bitcoin) head to coinmarketcap.

bitcoin vs. litecoin

bitcoin vs. litecoin: How many tokens are available?

  • The max supply of Bitcoins is 21 million. Every 10 minutes a new block of bitcoin is generated. The final Bitcoin will be mined 2140.
  • The max supply of Litecoins is 84 million. Every 2.5 minutes a new block of litecoin is generated.

bitcoin vs. litecoin: What can I do with them?

Bitcoin is trending towards a replacement of gold as a store of value. Whereas gold exists with mass and weight in the physical world, bitcoin is an improvement to gold because it can be split into into very small fractions, and instantly sent to people, businesses, and banks around the world.

Litecoin is promising to replace cash. Due to its lower price and faster transaction times, it’s the perfect solution for buying a coffee, tipping a YouTuber, or gifting a friend or family member.

How to store bitcoin and litecoin:

Both web wallets, and hardware wallets exist for Bitcoin and Litecoin, and there are a multitude of options ranging high to low levels of security.

bitcoin (฿) and litecoin (Ł) bitcoin (฿) only
Hardware Trezor
Mobile Coinomi Samourai
Desktop Exodus Electrum
Web Jaxx
Paper Bitcoin Paper Wallet
Litecoin Paper Wallet

Learn more about Bitcoin and Litecoin:


* This piece was researched and co-written by Gregg Sandler.

Proof of Work vs Proof of Stake

trezor bitcoin wallet

There are two common ways that blockchain networks mine new coins: proof-of-work and proof-of-stake. In this article we’ll explain the difference and what it means for bitcoin, Ethereum, and other altcoins.

Proof-of-work Proof-of-stake
Which blockchain adopts it Bitcoin, Ethereum*, Litecoin Nxt, Peercoin, BlackCoin, Gridcoin
How to select the block creator The one who has the proof of solving a math function. The one who locks up the wealth as a bet to enter a random selection algorithm
Reward Block reward + Transaction fee No block reward, just transaction fee
Hardware reliance Heavy Light
Potential issue 51% attack Nothing-at-stake attack

New to Blockchain?

Before reading you should know that blockchain refers to the record of transactions being sent and received on a network, for example, Bitcoin; and that miners are essentially the bookkeepers of those transactions. 

Proof-of-work: a method which requires miners to validate transactions on a blockchain by working out a mathematical function (called hash).

Proof-of-stake: a method which allows miners to validate block transactions according to how many coins they choose to put at stake on that network (as deposits). Here is a post where the founder of Ethereum explained a design philosophy of PoS.

Both methods exist to serve a common purpose on the blockchain: To validate that the person sending bitcoin (or any digital currency) has the correct amount of funds in their account. And that after the transaction is done, he or she no longer has the coin in their account (aka. to avoid double spending).

And yet, the two take an inherently different approach towards that goal.

PoW v.s. PoS: Buying a shovel v.s. Deposit in a bank

By definition, Proof-of-Work means to solve the hash function and prove the result is correct. While it’s hard to unravel the function, it’s easy for other miners to verify the result once a miner gets it – just putting it back to the function to see if it works out, like an algebraic problem. If it does, congrats! Here’s the prize. So take out your shovel, do the physical work, and show everybody you have mined the gold.

Proof-of-Stake, however, is a mechanism that needs no math. Instead, inside the network, you simply lock up a certain amount of your stake, i.e. your whatever cryptocurrency generated in this blockchain. That is your proof because something is at stake. The network uses a random selection algorithm to determine who the next block creator is, with factors like how many coins you lock up, what the coin’s age is, or how long you have locked up already, etc. Different PoS-based blockchain has various criteria, but the gist is not much hardware work is required. It’s somewhat like deposition and interests.

PoW v.s. PoS: Block reward v.s. No block reward

In PoW-based blockchain, miners do the hard work and will be rewarded. Recall Bitcoin and Ethereum, where a new block rewards 12.5 Bitcoins and 5 Ethers. But there’s another thing called a transaction fee. When you send a Bitcoin to me, that transaction needs to be validated and documented on the blockchain through the hash function math that miners are doing. But they are not doing it for free so you need to attach a transaction fee. The next lucky miner who creates the next block will receive all the transaction fees and the block reward itself, so it’s 12.5+ Bitcoins.

In PoS method, the blockchain has no block reward. Only transaction fees. That’s also why participants in the PoS blockchain should be called validators, not miners. They only facilitate the validation process of transactions without the mining activity like PoW does.

Ethereum Mining

Ethereum Mining

PoW v.s. PoS: Hardware heavy v.s. Light reliance

Because of the hefty math solving, PoW requires supercomputing power. For example, Bitcoin mining involves tons of mining chips which consume lots of electricity, depreciate fast, and could pile up at the landfill.

On the other hand, PoS relies substantially less on hardware. By just locking up your stake inside the blockchain network, you won’t expect a daunting electricity bill as you would from Bitcoin mining rigs.

PoW v.s. PoS: Potential Threat

Following the point above, since PoW mining requires physical hardware, the more powerful mining chips you have, the stronger computing capacity you own, then the more likely you can create the new blocks. It leads to a potential danger when one place accumulates over 51 percent of the entire network mining power. It is then capable of becoming a center, which is the fundamental situation that blockchain tries to eliminate. This is called 51% attack.

On the other hand, PoS imposes a threat called Nothing at Stake attack. The details can be very technical. But the important concept is that just as validators lock up a lot of their stakes, they can also lock up nothing. They may have no chance of creating the next block but because nothing is at stake for them, they have nothing to lose just to purposely mess up the blockchain. This video is recommended if you’d like a more technical explanation.

*Ethereum currently is still running on the proof-of-work protocol. But it is confirmed that proposals for Ethereum to switch to proof-of-stake, known as Casper, are being developed by the network’s founder Vitalik Buterin.