DASH – A BRIEF INTRO FOR INVESTORS
Short for ‘digital cash’, Dash is better than Bitcoin for transactions because it offers improved privacy and quicker transaction times. It’s poised to be a direct competitor to digital payment systems like PayPal or Payoneer.
- Any user can easily set up a masternode and start earning Dash
- Masternodes have voting rights for proposals presented to the Dash decentralized autonomous organization (DAO)
- Block reward is split between miners and masternodes
- PrivateSend functionality is based on CoinJoin method of anonymizing transactions
- Due to a network bug, 10% of all Dash coins were mined in the first two days after launch
- Transaction fees lower than credit cards
- Block mining reward is split 45% to masternodes, 45% to miners, 10% to the Dash DAO
Total Dash supply is dependent on the hash rate and rate at which coins are successfully mined. There is a theoretical limit of about 18 million coins which could be reduced to as low as 15 million if the network brings mining rewards lower.
Dash is based off Bitcoin core code and uses much of the same blockchain technology as its predecessor. Improvements have been made in security and speed, with masternodes being layered on top of a traditional proof-of-work mining structure.
Dash prides itself on privacy with PrivateSend technology. PrivateSend breaks down transactions into denominations (0.01, 0.1, 1, 10) to protect transaction amounts and wallet information. Multiple identical inputs are mixed into a transaction to significantly reduce the likelihood any given transaction can be traced.
Creator and developer Evan Duffield is joined by a team of over 50 full- and part-time employees. The team pulls a salary from the Dash DAO, allowing them to focus on the development of the technology itself.
With Dash, users get the same kind of digital currency as Bitcoin, with the security and speed that it still lacks, all while being governed by a completely decentralized organization that has no hidden agenda or ulterior motives. This creates a new, better version of digital cash to be used for digital payments on a global scale.
Two of the biggest aspects of blockchain technology are security and speed. Dash (DASH) prioritizes both of these in their high-frequency, privacy coin, making it a direct competitor to digital payment systems such as Paypal. The cryptocurrency was created from a hard fork of Bitcoin and originally called XCoin, rebranded to Darkcoin, and then later to Dash.
Through its two major innovations PrivateSend and InstantSend, users can send instantaneous, secure transactions across the globe. This is done through the utilization of master nodes that can lock in the specifications of a transaction to make it instantaneous, and miners who ensure consensus across the network for full security.
The Dash organization is funded through the blockchain itself, which allocates 10% of all block rewards to promotional and development budgets.
HOW TO BUY DASH
Dash can be purchased for fiat currency or other cryptocurrencies, such as Bitcoin or Bitcoin Cash. Sign up for the exchange of your choice and after becoming verified deposit fiat or cryptocurrency to purchase Dash.
EXCHANGES WHERE YOU CAN BUY DASH
|EXCHANGE||COIN PAIRS TRADED|
|HitBTC||DASH/USDT, BTC, ETH|
|Livecoin||DASH/USD, BTC, EMC|
|BitBay||DASH/USD, EUR, PLN, BTC|
|Bitflip||DASH/USD, RUB, EUR, UAH, BTC|
|Bitsane||DASH/USD, EUR, BTC, ETH, XRP|
|Bittrex||DASH/USDT, BTC, ETH|
|Kraken||DASH/USD, EUR, BTC|
|Kucoin||DASH/BTC, ETH, KCS|
|Liqui||DASH/USDT, BTC, ETH|
|OpenLedger DEX||DASH/BITUSD, BUTCNY, BTC, BTS|
|Poloniex||DASH/USDT, BTC, XMR|
|Tidex||DASH/USDT, BTC, ETH, WAVES|
|Trade Satoshi||DASH/USDT, BTC, ETH, LTC, DOGE|
|Upbit||DASH/USDT, KRW, BTC, ETH|
|WEX||DASH/USD, EUR, RUR, BTC, ETH, LTC, ZEC|
|xBTCe||DASH/USD, CNH, BTC|