Dash (digital cash) was developed in January 2014 by Evan Duffield. Dash has similar properties to Bitcoin, but with just a mobile phone, it can be purchased, stored and used. The currency’s early adopters, known as ‘Masternodes’, own the coins and control its supply.
Dash is also a digital cash system. Its rapid, peer-to-peer transaction speeds make it easy to send money to friends, and it’s also scalable and has a low transaction fee (1% of each transaction), making it the best digital cash system available.
As stated above, Dash is a cryptocurrency. But, we’re not just talking about some worthless internet-coins or some random, wannabe digital money. Dash is a cryptocurrency with some actual value (think stock, money in the bank, or real money).
Now, before you head off to set up your cryptocurrency and exchange account, let me be clear. This is a game-changer, but you’re playing the long game. Investing in cryptocurrency is risky (and I don’t mean to scare you, but just a heads up). But, I promise, the returns will be well worth it.
Dash is a cryptocurrency created in 2014 as an alternative to bitcoin, and has since been used as a “bitcoin alternative,” and a way to hedge against the volatile bitcoin price.
Dash is different from bitcoin in that it’s much faster, faster than the average transaction.
Dash has its own cryptocurrency exchange, called Poloniex, which just launched a new token called Classic.
Dash is a cryptocurrency built upon the protocol of Bitcoin. In the beginning, most of its activity occurred on dedicated websites. However, it has gone mainstream in recent years and now exists as a decentralized application. In fact, it’s the ninth-most popular app in the Google Play Store.
Dash’s peer-to-peer payment system allows users to send and receive money just like sending a text message. This means that the receiver receives funds as soon as it is sent. Users are also given the option to double spend the funds or send cash on delivery for extra security.
Dash is the first cryptocurrency to launch a smart contract for transactions, opening the door to faster transactions and a new form of currency.
The average transaction in Dash takes approximately 10 seconds and only costs about .25 cents to process.
The currency is also said to have greater privacy than Bitcoin. It is fully anonymous and transactions are not recorded on the blockchain.
Pioneer in cryptocurrency bitcoin, Bitcoin Cash, announced in August 2017 that they would include the Bitcoin Cash coin in their wallet as well.
Dash is a cryptocurrency whose main movers are 23-year-old Patrick Murck’s revolutionary mind, and Ryan Shea, who heads the Chamber of Digital Commerce, a group that has encouraged the growth of digital currency companies, the more veteran privacy advocate.
It is a commonly held belief that cyber-criminals will only exploit cryptocurrencies once they are well-known and their market penetration high
However, the Chamber of Digital Commerce and its founding members fear that once the digital currency starts to shake loose from the confines of cyberspace, it will be infiltrated by illicit financial and illicit political forces.
By this stage last year, it is believed that about 30% of Bitcoin traffic was illicit, as businesspeople transferred their hard-earned bitcoins to use in exchange for goods.
Date of last update: 20. May, 2021
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