Dash CEO: “…privacy is important because a user’s safety can get compromised when it becomes easy to track their wallet balances”
As the number of malicious cyber frauds and attacks on cryptocurrency exchanges is growing at the speed of a bullet, crypto enthusiasts and investors have become more cautious about the privacy and security features of the altcoins. The vulnerability of cryptocurrencies towards fraudulent activities have been speed breaking the adoption and expansion of the virtual currencies. In an exclusive interview with Cryptodawn, Ryan Taylor, CEO of Dash Core Group spoke on-
As a solution to the aforementioned issues and to attract more investors to its network, Dash has implemented an optional privacy feature called PrivateSend. This feature enables users to keep their balance private as Dash regards privacy “as immensely important”.
The other key features Dash boasts about is its transaction speed. Dash transactions happen at such velocity that they are viable even at the point of sale (PoS) machines.
Blockchain for everyday purposes
For its growth, the company is in the constant process of creating new ways of employing Dash for businesses as well as consumers. It has partnered FuzeX, an all-new blockchain service that seeks to deploy altcoins for everyday purposes. FuzeX enables users to spend Dash from anywhere they want to. The company considers it to be incredibly useful to the ecosystem.
Ryan Taylor, the CEO of Dash core group, said: “By leveraging the FuzeX service, our users will be able to spend Dash virtually anywhere, so it adds incredible usefulness to the Dash ecosystem. We are constantly working on ways that users can interface with businesses and legacy financial systems to make their lives easier, and FuzeX fills a key role in making sure users can spend their Dash easily.”
A turbulent time
The allegation of market disruption against Taylor for not delivering his promises and missing the proposed deadline may be attributed as the most turbulent time the company had to wade through.
The allegations had surfaced from a proposal to the Dash network, where anyone could freely submit his/her proposal, to replace Taylor. But with ‘a stroke of fortune’, the proposal was voted out by the widest margin in the history of proposal system including some exposed scams.
Taylor was overwhelmed by the confidence the members have bestowed upon him. “It was very heartening to witness this level of support and I take the trust the network expressed very seriously in everything that I do,” he said.