What is Dash (DASH)?

May 04, 2018 at 23:00

Dash (DASH) is an open source peer-to-peer cryptocurrency that offers both instant and private transactions operating in a self-governing and self-funding model to enable a network capable of paying individuals and businesses.

Created and developed by Evan Duffield in 2014, it was first launched as Xcoin and then relaunched as Darkcoin before being rebranded as Dash which stands for digital cash.

Dash allows anonymous transactions using cryptocurrency through its PrivateSend feature by bundling it with other anonymous payments to hide the origins and destination of a transaction. It also offers InstantSend that enable users to send payments for confirmation in less than a second.

Its developers claim that due to its hasty transfer speed, the cryptocurrency is perfect for point of sale transactions like purchasing supplies at a grocery store or even paying for clothes at a boutique.

The average Dash transaction fee is around $0.10 compared to the average bitcoin transaction fee of around $2 to $4.

At present, Dash is accepted as a payment for email providers, VPN providers, web hosts, web and graphic design, gift cards, video games, online casinos, web stores and precious metals.

Where to buy?

Dash may be bought in several global exchanges including CEX.io, Bitfinex, Kraken, BuyUCoin, Changelly, Bittrex, Binance, Poloniex, ShapeShift, HitBTC, Bithumb and YoBit.

Is it mineable?
Dash has created 18.9 million DASH but only 8,018,310 are being circulated in the market.