The meaning of this is often glossed over, misunderstood, or over-complicated, so we'll define it real quick in simple terms:
Money you can exchange with anyone else without relying on some company or intermediary.
Now of course, there's nuance to this. The Dash network is made up of thousands of masternodes, miners, etc. They see, broadcast, validate, and secure all transactions, and take a small fee for doing so. But this isn't the same as a trusted third party. It's just the base network.
Once the system is in place and running, anyone can just start using the network to transfer value to anyone else. That's what peer-to-peer means.
If you need a centralized, company-run "L2" to transact, that isn't P2P. If you need a company to provide liquidity and settle payments for you specifically, that's not P2P.
But there's more.
If you use a P2P digital cash system, but the details of communicating the payment (amount, purpose, valuation, to and from whom, etc.) are settled using a third-party, that isn't fully P2P!
Even the most hardcore of crypto users are using a plethora of third parties to complete details of the payment: social media or messaging app to say "Hey what do I owe you and what's your address?", centralized exchange to determine value, spreadsheet to record everything for accounting purposes, and so on.
That's why we decided to build Evolution.
Launching July 29th, we'll have an integrated data layer in the Dash network to help provide all these details, without having to go to third parties.
We started to create the perfect decentralized peer-to-peer money.
Don't forget that you can live all on Dash very easily thanks to @wizarbit.
Go get a prepaid virtual or physical card, top up with Dash, and easily spend anywhere.
It's a perfect tool for those who already spend Dash but want to close the loop on the last few of their purchases, or those who want to get started on spending Dash, but just don't know how.
Either way, Wizarbit makes it simple to use your Dash in the real world. 🧙♂️
They're one of the best block explorers and API providers around, and respect your privacy as well.
If you're a wallet, exchange, or other service that supports Dash, Blockchair lets you easily recognize instant transactions, so your users aren't stuck waiting far longer than they need to.
And, the Blockchair team is highly aligned with our vision of decentralized digital cash. 🫡