Dash is a form of digital currency that provides instant transactions with a focus on security and anonymity. Privacy is a key feature in Dash, which
Dash is a form of digital currency that provides instant transactions with a focus on security and anonymity. Privacy is a key feature in Dash, which keeps all user data, balance, and transactions private through an anonymization process. The system’s software is loosely based off of the software of Bitcoin, but has altered it by implementing a two tier network that makes all transactions entirely untraceable.
This two tier network is known as Masternodes, and Dash is the first form of cryptocurrency that incorporates this concept into their software. No third parties or miners are involved in any of the transactions and exchanges, which instead receive instant confirmation by a network of servers. Users are further protected by advanced encryption and high-security protocol. This is a level of privacy that has yet to be used by other digital currencies.
Dash also makes use of an instant transfer technology called InstantX, which, unlike many other forms of cryptocurrency, allows for transactions to be made and confirmed within four seconds. A majority of digital currencies take an average of 40-60 minutes to confirm a single transaction, so the decentralized system of InstantX is a new way to change the game of digital currency.
With Dash, users are meant to have full control of their own money, unreliant on banks or third parties that may be able to interfere. Dash offers a peer-to-peer system that allows intermediaries to no longer be a necessary part of currency transfer. This also means little to no fees are needed for transactions; majority of the ones made through Dash are entirely free to perform.
This form of cryptocurrency also emphasizes the ease of global trading. Transactions can be made to anyone at all who has a Dash wallet, without anyone being able to interfere, block, or track the cash flow. The ease at which payments of any size can be made across the world allows for new business opportunities.
All-in-all, Dash is the first cryptocurrency ever to create in-depth privacy features to protect users and allow instant transfers that can be completed in seconds. This new technology allows for users to feel secure when trading and transferring cryptocurrency and become familiar with the concept of 100% safe digital cash.