- Category: Cryptocurrency
- Coin Launched: January, 2014
- Resources: White Paper
- Official Website: Dash
- Reddit: 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.
DASH History / Information / Buying / Staking
Dash was launched in January 2014 as "Xcoin" by Evan Duffield, as a fork of the Bitcoin protocol. It is an altcoin and in its early days it was subject to pump and dump speculation. It was rebranded as Darkcoin, which received press for being used in dark net markets. In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'. As of August 2016, Dash is no longer used in any major dark net markets
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:
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.
Dash’s ‘InstantSend’ feature allows transactions to be sent and confirmed in a few seconds, whilst Bitcoin takes up to an hour.
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%.
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