Publish Date: February 22, 2016
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What is Dash?
Dash (DASH) is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash.
With Bitcoin, transactions are published to the blockchain and you can prove who made them or to whom, but with Dash the anonymization technology makes it impossible to trace them. This is important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. Dash does this through a mixing protocol utilizing an innovative decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system.
Dash transactions are almost instantly confirmed by the Masternodes network. This is a great improvement on Bitcoin’s system, where confirmations take much longer because all the work is done by the miners.
For full details please read the Dash whitepaper.
Why choose Dash?
Keep your payments private so nobody can track you, your transactions and balances are nobody’s business. With Dash’s ahead of time anonymization only you have access to your financial information.
Payments are received almost instantly by the other party thanks to InstantX technology. Ahead of time anonymization lets you send Dashs anonymously without waiting for processes or people.
Advanced encryption and a trustless protocol for complete security in your payments and anonymization process.
You can send money anywhere in the world and it will take the same time and cost to send.
Much lower than banks or credit cards, usually even free. You don’t pay profits to anyone, just the network costs.
No central authorities to trust because of full decentralization, even for the anonymization process. Everything stays between you and the other party in the transaction.