In terms of adoption by merchants, businesses, and other “real world” applications , the rest of the cryptocurrency community lags severely behind Bitcoin . Recently, however, certain altcoins have begun to make inroads in business adoption ( Scotcoin for example). Dash , currently the fifth most prominent cryptocurrency , debuted a vending machine at the 2016 North American Bitcoin Conference , Dash N’ Drink, to showcase Dash’s InstantX instant secure transactions . Last month, a DashPayments for WooCommerce plugin was released, further expanding the cryptocurrency’s adoption possibilities.
CoinTelegraph spoke with Moocowmoo, Dash developer behind Dash N’ Drink, about the state of the cryptocurrency’s marketplace adoption.
CoinTelegraph: What made you come up with the idea for the Dash N’ Drink machine?
Moocowmoo: [Dash developer] solarminer was the driving force behind that project. He asked me what it would take and I built a prototype over a couple weeks. I was excited to show off what InstantX could do for point of sale transactions.
CT: How was the reception?
MCM: Everyone I spoke with were very interested in how Dash had solved the problem of trusting "zero-conf" transactions. After a few minutes explaining how collateralized masternodes secure the network and how quorums are leveraged to enforce input locking, most were very excited! Some were incredulous, but understanding how the network works in a five or ten minute conversation is difficult. The speed of the network consensus lock is surprising, usually taking about a second. Since then, one exchange, Exmo , has implemented InstantX for deposits and (I believe) withdrawals.
CT: I’m sure one-second confirmations are very different from what Bitcoin users are used to. Do you find a lot of people dissatisfied with Bitcoin’s current slower confirmations?
MCM: I think it depends on the use case. When the […]
