Dash (DASH) is a digital currency that was launched in 2014 as a fork of the Bitcoin code. It was initially known as XCoin, and then changed its name to Darkcoin, before finally settling on Dash. The name Dash is a portmanteau of "digital cash."
Dash is an open-source project, which means that anyone can contribute to its development. It is also a decentralized project, meaning that it is not controlled by any single entity. Instead, the network is maintained by a global community of users who run nodes to validate transactions and secure the network.
What Makes Dash Different?
One of the key features of Dash is its focus on privacy. Unlike Bitcoin, which is pseudo-anonymous, Dash transactions can be made completely anonymous through the use of a feature called PrivateSend. PrivateSend allows users to mix their transactions with those of others in the network, making it difficult to trace them back to their original source.
Dash is also known for its fast transaction times. Transactions are confirmed in seconds, which is much faster than the confirmations times of Bitcoin, which can take up to ten minutes. This makes Dash well-suited for use in everyday transactions, such as buying a cup of coffee.
Another unique aspect of Dash is its governance system. Dash holders can submit proposals for the network, and if the proposal is approved by a vote of the masternodes (special nodes that require a significant amount of DASH to operate), it can receive funding from the network's treasury. This treasury is funded through a portion of the block rewards that are paid to miners, meaning that the network has a self-sustaining mechanism for funding development and other initiatives.
How to Get Dash
Like other cryptocurrencies, Dash can be bought and sold on exchanges. Some of the most popular exchanges that trade Dash include Binance, Bitfinex, and Kraken.
For those who want to use Dash for everyday transactions, there are also a number of wallets that support the currency. These wallets allow users to send and receive Dash, as well as use features like PrivateSend. Some popular wallets for Dash include Dash Core Wallet, Exodus, and Jaxx.
Conclusion
Dash is a unique cryptocurrency that offers fast transactions, strong privacy features, and a self-sustaining governance system. While it may not be as well-known as Bitcoin, it has a passionate community of users who believe in its vision of creating a digital cash system that is fast, private, and accessible to all.