Dash is a progressive blockchain-based payment system. With its help, it is possible to make payments instantly, and they are done as anonymously as possible. It was based on Bitcoin, but went a step further, as total privacy plays a key role here. It is precisely anonymity and security that the well-known Bitcoin lacks. Meanwhile Dash has an advanced two-level P2P network of the new generation supporting master nodes and much more. All these features make this cryptocurrency extremely independent and reliable.
What’s the difference between Dash and Bitcoin
Many users wonder how Dash can be different from the much-loved Bitcoin, when these cryptocurrencies have practically “the same beginning”? Yes, the Bitcoin source code is indeed present, but everything else is completely different. For example, the developers of Dash managed to create a P2P network architecture with a unique reward system.
What do miners get “perks” for? For securing the blockchain. As for master nodes, they are rewarded for making the blockchain itself available to users as well as for storing and verifying it. It is precisely because of the master nodes that a whole new network layer is formed. Therefore, Dash allows instant transactions with maximum privacy. And, of course, it is worth highlighting the presence of decentralized services that are protected from all kinds of hacker attacks.
Also, Bitcoin cannot guarantee its users the anonymity of transactions, as all payments in the blockchain are openly published. This state of affairs enables attackers to analyze transactions by calculating the desired address of the recipient. At the same time, all remittances in the Dash system maintain the highest level of privacy due to the built-in anonymization technology. This payment system is simply impossible to hack.
A special role in terms of security is played by the decentralized network, which significantly speeds up the processing of each individual transaction. All because of distributed confirmation, which effectively saves precious time. Bitcoin, on the other hand, works differently, because all transactions go through miners, who can confirm a single transfer for a long time.
It’s essential to mention that Dash is the world’s first independent cryptocurrency. Why? It’s simple. This payment system is not tied to anything. Thanks to the master node system, any dependence here brings to naught. Unfortunately, the same cannot be said about Bitcoin, because this system is “tied” greatly to producers of mining equipment as well as dependent on the largest mining companies. In this regard, Dash is head and shoulders above its well-known competitor.
Dash functionality
You can protect your financial information thoroughly with PrivateSend. It provides the highest level of privacy not only for account balances, but also for individual transactions. Your cash flows will be hidden from prying eyes by combining multiple outgoing and some incoming transactions.
More specifically, each individual payment is split into identical parts. It could be hundred parts or one part. This optimum ratio allows to effectively block the probability of tracing. An entirely new master node is maintained at all stages of the payment splitting. And for the best privacy, the parts are shuffled in advance.
InstantSend service is responsible for instant payment confirmation. It is not hours and minutes, but a matter of seconds. The service can be used not only by the owner of a full wallet, but also by the owner of the mobile client. This feature ensures maximum protection against double spending.
What perspectives await Dash
This cryptocurrency was created in 2014 and has managed to come a long way. And hardly any other international payment system can boast of such noticeable progress. Now Dash has slightly weakened its position and ranks 76th among all cryptocurrencies in the world. At the same time, the high level of capitalization literally takes new investors to Dash.
Naturally, this will contribute not only to the popularity and demand, but also to the growth of the price of this currency. Moreover, we are talking about institutional investors who know a lot about cryptocurrency. As for the real economy, Dash feels quite good even now. Obviously, in the future, things will be even better in terms of settlements.
Where to store and how to get Dash
To begin with, you need to create your own wallet. Today, there are a large number of wallets and options for their implementation. One of the easiest and most reliable online wallets you can use at the link: https://mydashwall.com/. Users often give preference to online wallets due to the ease of their usage.
It is worth noting that the user also gets a unique identification number, which can participate in further transactions. When the wallet is successfully created, you can freely buy Dash at any cryptocurrency exchange or buy it in exchangers.
AS the Dash is a full-fledged cryptocurrency, it can be mined without any problems. Yes, mining now will not bring huge profits, but with the help of the X11 algorithm and ASIC it is quite realistic.
Key features of Dash
It is necessary to note the main features that make Dash one of the most promising global cryptocurrencies:
- Mining does not require high power consumption;
- No centralized management;
- Complete privacy and security in relation to any transaction;
- Sufficiently high market capitalization with huge prospects;
- All members of the network participate in the development of the system;
- Any user can freely vote for various initiatives as well as offer his ideas;
- The development team listens to the wishes of network members, adding new features and fixing bugs;
- Transactions are approved instantly, without unnecessary waiting;
- Nodes and miners are rewarded substantially.
Obviously, Dash will be able to compete with the legendary Bitcoin in the future. This independent cryptocurrency has almost everything it needs to do so. And the key features make Dash a truly unique payment system.
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