Dash (DASH) is an open-source peer-to-peer (P2P) cryptocurrency designed to provide instant transactions, anonymous transactions, and alternative currency functions.
Dash (DASH) is a technical improvement on Bitcoin, with good anonymity and decentralization characteristics. It is the first digital currency with the purpose of protecting privacy. Its main features include:
1. Anonymity: Through the InstantSend and PrivateSend functions, Dash provides higher transaction privacy protection. InstantSend allows users to send transactions quickly without waiting for transactions to be confirmed on the Dash blockchain, while PrivateSend enables users to send anonymous transactions and send transactions through a built-in mixing service to cover up the traces of the original transaction.
2. Decentralization: The Dash network is protected by a proof-of-work mining mechanism and an X11 algorithm based on 11 different hash functions, ensuring the decentralized nature of the network.
3. Masternode system: Dash's masternode not only serves as a transaction mixer, but also as a voting mechanism for the Dash management system, increasing the stability and security of the network.
4. Block Rewards: Dash's block rewards are divided into two parts, 45% to miners, 45% to master nodes, and the remaining 10% is allocated to the decentralized Dash budget system. The generation time of each block is 2.5 minutes, and each block gives miners 3.6 Dash rewards.
Since its launch in 2014, Dash has been committed to solving Bitcoin's shortcomings in transaction time and privacy, aiming to become a medium for daily transactions as a digital currency that can be used as cash, credit card or through PayPal. Although Dash is also considered a cryptocurrency that facilitates illegal users due to its privacy features, its development team has been working hard to improve its technology and functions to adapt to the ever-changing cryptocurrency market environment.
