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DASH

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Description

What does DASH do?

Dash (short for Digital Cash) is a cryptocurrency that addresses one of the main concerns that security and privacy experts have about the lack of fungibility - or anonymity - of many blockchain projects. Unlike other blockchain platforms, the Dash platform is able to facilitate transactions that are virtually anonymous.

Dash’s two main transaction functions are called PrivateSend and InstantSend. PrivateSend is used when anonymity is the user’s main concern while InstantSend is more useful when users wish to carry out very fast transactions.

What are DASH coins used for?

DASH, the native currency of Dash, is used to perform virtually anonymous transactions. Since the past transactions of any DASH coin cannot be viewed, all units of DASH are fungible and equal. You never have to worry if your DASH coins were previously used for an illegal transaction, for example, because all DASH coins are identical to all other DASH coins.

Liquidity is an extremely important aspect of DASH. One of the primary goals of the cryptocurrency is to be easily converted to and from fiat currencies so that it is viable for all sorts of daily transactions.

How can DASH coins value appreciate?

DASH has a Proof of Stake model that allows Masternodes to receive dividends for locking up their coins and staking them. Due to this model, holding DASH represents an opportunity for users to hold a token that appreciates on its own.

DASH may also stand to appreciate if Bitcoin’s dominance of the cryptocurrency industry is lessened. Projects like Ethereum are too different from Bitcoin to compete directly, but Dash is a direct competitor that may take users and market cap away from Bitcoin

What is the difference between DASH and its competitors?

Dash’s main strengths are fast transfers and low transaction fees. Its most innovative aspect, the Masternode network, solves several of the most important Bitcoin problems: double spending, privacy, and long transaction times. The Masternode network also provides a good framework for governance.

The most significant weakness of Dash is its slow adoption by merchants. The fact that 4 million coins of Dash’s total coin supply are locked up by Masternodes also does not help its liquidity or usability.

  • Mainnet Launch: January 2014
  • Open Source: Yes
  • Consensus Type: PoW
  • Technology: Blockchain
  • Total Coin Supply: 8,064,530
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Description

What does DASH do?

Dash (short for Digital Cash) is a cryptocurrency that addresses one of the main concerns that security and privacy experts have about the lack of fungibility - or anonymity - of many blockchain projects. Unlike other blockchain platforms, the Dash platform is able to facilitate transactions that are virtually anonymous.

Dash’s two main transaction functions are called PrivateSend and InstantSend. PrivateSend is used when anonymity is the user’s main concern while InstantSend is more useful when users wish to carry out very fast transactions.

What are DASH coins used for?

DASH, the native currency of Dash, is used to perform virtually anonymous transactions. Since the past transactions of any DASH coin cannot be viewed, all units of DASH are fungible and equal. You never have to worry if your DASH coins were previously used for an illegal transaction, for example, because all DASH coins are identical to all other DASH coins.

Liquidity is an extremely important aspect of DASH. One of the primary goals of the cryptocurrency is to be easily converted to and from fiat currencies so that it is viable for all sorts of daily transactions.

How can DASH coins value appreciate?

DASH has a Proof of Stake model that allows Masternodes to receive dividends for locking up their coins and staking them. Due to this model, holding DASH represents an opportunity for users to hold a token that appreciates on its own.

DASH may also stand to appreciate if Bitcoin’s dominance of the cryptocurrency industry is lessened. Projects like Ethereum are too different from Bitcoin to compete directly, but Dash is a direct competitor that may take users and market cap away from Bitcoin

What is the difference between DASH and its competitors?

Dash’s main strengths are fast transfers and low transaction fees. Its most innovative aspect, the Masternode network, solves several of the most important Bitcoin problems: double spending, privacy, and long transaction times. The Masternode network also provides a good framework for governance.

The most significant weakness of Dash is its slow adoption by merchants. The fact that 4 million coins of Dash’s total coin supply are locked up by Masternodes also does not help its liquidity or usability.

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