Dash Is Digital Cash
Dash is a popular open source, peer to peer (P2P), decentralized cryptocurrency that offers a number of advantages over fiat currency, Bitcoin, and other cryptocurrencies. The Dash Core team consists of around 50 employees who are continually improving the protocol. By focusing on ease of use, exposure, and technological advancements, expect Dash to be a long-term player in the cryptocurrency space.
Dash started out at around $11 in the beginning of 2017 and has increased in value to over $200 throughout the year with a market cap of over $1.5 billion. It’s currently the 5th largest altcoin out there.
What Are The Advantages Of Dash?
According to the Dash company website, Dash is “digital cash” that can be spent anywhere. Dash enables a feature called PrivateSend that mixes coins through Masternodes in order to make it nearly impossible to track a transaction from start to finish.
Dash also has a feature called InstantSend, allowing payments to confirm in less than a second, while avoiding the double spend problem that is a common concern with other cryptocurrencies. In addition, Dash is secure, as transactions are confirmed by miners who collectively host thousands of servers around the world.
Simply put, Dash allows people to purchase everyday items as quickly and privately as they would with cash.
What Advantages Does Dash Have Over Bitcoin?
Dash has a number of advantages over Bitcoin, as it ensures nearly instantaneous, private transactions. These two features, along with high-quality security will likely enable continued adoption, especially for real world transactions that require speed and anonymity.
Realistically, Bitcoin won’t ever be used for everyday transactions like buying milk and bread, unless its core protocol changes dramatically. In addition, anyone looking for privacy will choose Dash over Bitcoin, as Bitcoin isn’t completely anonymous.