What is Dash?

Meredith Davis
Jun 26, 2018 · 2 min read

Dash aims to be digital cash you can spend anywhere, with an interface, “So easy your Grandma could use it.” Already one of the largest peer-to-peer networks in the world, blasting 4,500 servers worldwide, Dash is fast, processing transactions at 1-second or less. With an interface similar to PayPal or Venmo and a feature called InstantSend, users can make small purchases like a cup of coffee at a shop or a soda from a vending machine without waiting for a confirmation and negligible fees. Dash PrivateSend mixes transaction funds with other funds, making transactions anonymous and untraceable, similar to Monero. Because it is a fork of Bitcoin, the structure is the same, but new and improved, making it readily integrated into the Bitcoin ecosystem with better speed and cost.

In addition to PrivateSend and InstantSend options, there are a few other nifty features of Dash for those a little more on the tech side: Anyone holding 1,000 Dash can form a Masternode. Masternodes can then be the ones to perform PrivateSend and InstantSend functions, earning a high block reward of 45%. Also, there is a really cool development project grant system called the Decentralized Autonomous Organization, or DAO. Anyone can submit a project to develop, market or improve the Dash infrastructure. Masternode holders vote and, if approved, it can then be implemented. If the team completing the project is not performing to standard, the Dash network can vote to stop the payments at any time, ensuring accountability. The result is constant evolution and appreciation of Dash tokens.

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Acre is the simplest all-in-one cryptocurrency investing platform. To learn more, visit www.getacre.io

Meredith Davis

Written by

GM of Enterprise at Cred

AcreApp

AcreApp

Acre is the simplest all-in-one cryptocurrency investing platform. To learn more, visit www.getacre.io

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