Dash is one of the most promising alternative coins to Bitcoin.
Dash is one of the most promising alternative coins to Bitcoin.
Pros
Dash Cryptocurrency – Private, Secure, Fast
Dash advocates itself as peer-to-peer decentralized electronic cash.
Dash is built upon Bitcoin’s core code with the addition of new features (such as privacy and quick transactions).
Like BTC, Dash is open-source and has its own blockchain, wallet infrastructure, and community. But unlike BTC, its transaction fee is negligible.
Private Send – Dash allows you to send your funds privately by mixing it in between several other transactions, thus making it hard to identify any specific transaction. It uses a coin mixing service based on CoinJoin. This is an optional privacy feature which the user may want to use. But there is a limited cap of 1000 Dash for which you can send using this feature.
Instant Send – This service allows you to send your Dash transactions instantly (within 1.5 seconds). But Masternodes (see below) charges higher fees for processing such transactions. InstantSend also solves the double-spendingproblem. Note: InstantX was rebranded to InstantSend in 2016.
Masternodes – Unlike Bitcoin, where each note is equal, Dash has special privilege nodes called Masternodes. Anyone can form Masternodes by holding 1000 Dash as collateral. These special nodes perform PrivateSend and InstantSend functions, and earn a 45% block reward.
Cons
Dash Coin Supply
Dash is designed to have a total supply of 18 million coins.
At present, the circulating supply of Dash is 7.4 million, and it will reach 18 million in the year 2300 (when none of us will be alive).
Project’s Team:
Dash was created three years ago on 18 January 2014 by its developer Evan Duffield.
Dash was originally released as XCoin (XCO). In February 2014, the name was changed to “Darkcoin”. And on 25 March 2015, Darkcoin was rebranded as “Dash”.
Exchange market:
Changelly, Bitfinex, Kraken, HitBTC, Bittrex, Coinpult, Livecoin