Posted on April 2, 2018
Dash an open source peer-to-peer cryptocurrency that was created after a bitcoin fork. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash’s decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO).
InstantSend is a service that allows for near-instant transactions. Through this system, inputs can be locked to specific transactions and verified by consensus of the masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. InstantSend solves the double-spending problem without the longer confirmation times of other cryptocurriencies such as Bitcoin.
PrivateSend adds privacy to transactions by combining identical inputs from multiple users into a single transaction with several outputs. Due to the identical inputs, transactions usually cannot be directly traced, obfuscating the flow of funds. PrivateSend makes Dash “fungible” by mixing the coins in the same denomination with other wallets, ensuring that all coins are of the same value. The maximum amount of DASH you can send through PrivateSend is 1000.
– You can send up to 1000 DASH privately
– When using InstantSend, transactions are validated almost instantly
-10% of block rewards are kept in escrow to fund projects voted by the community with the goal of accelerating the adoption of Dash
– Using IntantSend costs 0,001 DASH per transaction, so it becomes pricier to use it as it goes up in price
– The Business Development team is known to have poor communication with the masternode network and a lot of money has been wasted on unsuccessful
-The founder and masternodes own the vast majority of DASH and could easily manipulate the market
The network has been up since January 2014.
February 2018: DashPay Evolution Wallet Livenet Release
June 2018: 13.0 — Evolution v1 — Mainnet
Funding from the treasury system has been used to hire additional developers and other employees, to fund attendance at conferences, and to fund integrations with major exchanges and API providers. In order to have a vote in what to do with this treasury, you need to have a masternode by locking in 1000 DASH.
Being created from a Bitcoin fork, Dash is very similar to Bitcoin and Litecoin in that it works as a peer-to-peer cryptocurrency. It is also similar to Monero and Zcash because they all ensure the privacy of transactions on their network.
Partnered with a plethora of companies offering: debit cards, VPNs, web hosting, web and graphic design, gift cards, online games, online casinos, online stores and precious metals.
They also recently signed a 36 months exclusive deal with CannTrade, California’s premier cannabis specific B2B marketplace & CRM.
DASH is traded on all the main exchanges.
Dash is a blockchain layer based on Bitcoin.
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Jan 2018: 1186.23 USD
Dec 2017: 783.44 USD
Sept 2017: 382.14 USD
July 2017: 177.95 USD
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations