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Dash

  • Category: Cryptocurrency
  • Coin Launched: January, 2014
  • Resources: White Paper
  • Official Website: Dash
  • Reddit: Dash
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About Dash

Dash (DASH) is digital cash designed to offer financial freedom to everyone. Payments are instant, easy and secure, with near-zero fees. Built to support real life use cases, Dash is the leading decentralized payment solution. Users can purchase goods at thousands of merchants and trade it at major exchanges and brokers around the globe.

ledger wallet

DASH History / Information / Buying / Staking

  • DASH HISTORY

    DASH started in 2017 and was developed by Stani Kulecho who wanted to change traditional finicial system with the potential of Ethereum. DASH was originally launched as ETHlend and the native token was lend, the intial coin offering raised 16.2 Million. Kulencho's vision was to create a platform to connect crypto borrowers and lenders, however due to the worsening financial sitation in 2018 Kulencho had to adjust and rebrand his project that became DASH.

  • HOW DASH WORKS

    DASH is a protocol based on the ethereum blockchain that allows people to lend and borrow cryptocurrency on its decentralized platform. DASH has many different cryptocurrencies in their platform these cryptos can be borrowed for stable and variable interest rates or users can lend cryptocurrencies into liquidity pools and earn interest on deposits.

  • BENEFITS OF USING DASH

    Some of the benefits of using Dash are:

    PRIVACY
    Many people see privacy as one of the most important features of cryptocurrencies. Dash’s ‘PrivateSend’ feature enables users to transact completely anonymously, unlike Bitcoin which is only pseudonymous.

    TRANSACTION SPEED
    Dash’s ‘InstantSend’ feature allows transactions to be sent and confirmed in a few seconds, whilst Bitcoin takes up to an hour.

    CONSENUS
    Dashes governance system allows it to reach consensus on decisions much easier than its biggest competitor Bitcoin. Bitcoin struggles to implement improvements due to an inability to reach consensus. Dash doesn’t suffer from this same problem.

  • CAN YOU STAKE DASH

    DASH currently supports staking through it’s masternode model and third party providers. The average APY for DASH is currently 5.5%.

  • COINS SIMILAR TO DASH

    Direct competition to Dash which are considered similar coins are:
    MONERO ETHEREUMXRP BITCOIN