What is chainlink and what is dash

 

Dash



Introduction

DASH is an called  Digital Cash, it emerged from bitcoin as a branch coin to focus on speed and privacy. DASH is also considered to be one of the first decentralized autonomous 
organizations.

Dash, launched in 2014 as a fork of LiteCoin, is a decentralized open source network created to make payments easy, cheap and fast. It was designed to offer financial freedom to 
everyone. Payments using Dash are instant, easy and secure, with near-zero fees.

Who Is the Founder of Dash

DASH was conceived and founded by software developer Evan Duffil, who was the CEO of DASH core group until 2017 where he stepped down to become an advisor. He initially had the 
idea in 2021 about creating a network that adds more anonymity to Bitcoin and initially named it DARKCOIN.

The project was originally named XCoin, but changed its name to Darkcoin some weeks after. Finally in March 2015 in an effort to positively change its image, it was rebranded into what is called DASH.

What Makes Dash Unique

DASH claims to offer instant Instantly settled payments (InstantSend). This makes it stand out from other cryptocurrencies. According to the dash website, the goal of DASH is To realize this goal, DASH utilizes masternodes (servers tied to collaterals held in DASH) that are patterned to make available advanced secure services and governance over the DASH proposal system.

DASH also was the first to employ the Private Send Feature. PrivateSend is a unique Dash feature that allows anonymous transactions. 

How Is Dash Network Secured

DASH utilizes a Two-tier network with incentivized nodes and decentralized project governance (Masternodes). The first tier of the network consists of nodes that carry out mining operations under a proof-of-work consensus protocol.

The second tier of the network consists of nodes which enable instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks), and optional privacy among other features. MasterNodes can be run by coin holders with 1000 DASH per Master Node.


Chainlink

Introduction

Chainlink is open source technology and decentralized network that is collectively developed by a large community of developers, researchers for the public good and the benefit of the all entire blockchain ecosystem.

Chainlink provides real world data to smart contracts on the blockchain. *Smart contracts are pre specified agreements on the blockchain that evaluate information and automatically 
execute when certain conditions are met.

The Chainlink Network is drive by a large open source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The 
company focused on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

Who Is the Founder of Chainlink

Chainlink was created in 2017 by Sergey Nazarov and Steve Ellis, who co-authored a white paper introducing the Chainlink protocol and network with Cornell University professor Ari Juels in the same year

What Makes Chainlink Unique


Chainlink is one of the first generation of networks that enables the integration of off chain data into smart contracts.

Managed by a global, decentralized community of hundreds of thousands of people who serve as Nodes , the Chainlink Network currently secures billions of dollars in value for smart 
contracts across the decentralized finance (DeFi), insurance, and gaming ecosystems.

With ChainLink, you can retrieve data from any API, connect with your existing systems, and integrate with any blockchain of your choice.

How Is Chainlink Network Secured

Chainlink is secured by the proof-of-stake (PoS) consensus mechanism like most Ethereum-based ERC-20 tokens. PoS models are easily scalable and as such are becoming more 
popular and accepted than the PoW consensus that Bitcoin runs on.

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