Dash – The Revolutionary Digital Money System
Dash is one of the relatively new cryptocurrencies in the digital cash market. It is a decentralized peer-to-peer electronic coin that works upon core codes of Bitcoin but with additional features that make it better in some ways.
Dash is open-source and has its own wallet infrastructure, block-chain technology, and an active community. Dash is mainly used as digital money by internet traders. It was first released as XCoin (XCO) but developers later changed the name to Darkcoin and then to Dash in 2015.
Evan Duffield, the developer, realized that Bitcoin wasn’t fast or private enough, so he ended up designing his own cryptocurrency with improved features.
- Dash has a limited supply of eighteen million coins, so it is a deflationary currency.
- Dash has a variable block that decreases at seven percent every year. The average block mining time of Dash is around 3 minutes on the blockchain, so it is four times faster than the Bitcoin.
- You can buy and exchange your Dash from the most important cryptocurrency exchange services.
Dash enables users to send and receive digital money privately and quickly. This platform has a unique privacy feature that uses coin mixing to improve users’ security. However, people are restricted to a limit of 1000 Dash coins per transfer, which is actually a lot of money right now.
Dash coins can be instantly sent, it only takes 1.5 seconds for a transaction to be confirmed. However, higher speeds also mean higher charges, but you have the option to decide how fast you need to send your money.
The most promising feature of the Dash platform is the ability to create Masternodes. You need a capital 1000 Dash coins in order to create a Masternode, which allows private and instant transfer functions, different applications and on top of that, you would earn up to 45 percent reward per block.