Features of the Dash cryptocurrency Automatic translate
The Dash cryptocurrency is the first development, the reason for its creation was the desire to make all currency transactions as anonymous as possible. The codes of Bitcoin and Litecoin were taken as a basis. Since Bitcoin is based on the BTC protocol and Dash is based on Litecoin, in a sense it is a daughter coin of the two well-known cryptocurrencies, but with a more advanced code in the blockchain.
Peculiarities
The anonymity of transactions is ensured through the introduction of the PrivateSend service. Its use prevents any attempts to trace the path of transactions and reveal the identities of the participants in the transaction. Privacy is achieved through the operation of masternodes through mixing.
The program includes a maximum of 8 rounds of asset shuffling. Each subsequent one selects a new masternode combination and changes again. As a result of this series of actions, the addressee receives the required amount of funds with a changed hash code. PrivateSend is a paid service and is disabled by default. Each subsequent mixing costs more. This is done to prevent abuse of the system and avoid network congestion. The function is activated independently at will.
Where to buy, how to store
Dash is available on various trading platforms in all parts of the world. In instant P2P exchangers and cryptomats. The creators of the alternative coin have released four types of storage wallets, which can be divided into two categories - their own and partner ones:
- DashElectrum is a PC version. The wallet is the simplest, but it makes it possible to safely carry out all transactions and supports the operation of the built-in functions.
- Dashcore is a full-fledged storage with a P2P client for working via a PC. Provides a full version of the blockchain with support for the PrivateSend, Instant Send functions, and work with masternodes.
- DashAndroid is a version of a mobile wallet with InstantSend and contactless payment options.
- DashText - works only through SMS commands, sometimes using Telegram. There is a restriction by country. Wallets are available for the USA, Brazil, Spain, Venezuela, Colombia.
Why Traders Choose Dash
Dash cryptocurrency has the following advantages:
- instant speed of all operations;
- anonymity - transaction participants are not tracked;
- available on 220 exchanges, can be stored in almost all wallets;
- availability of own storage of desktop, mobile, text versions;
- decentralization - all transactions are carried out directly without an intermediary;
- general accessibility - anyone with access to the Internet can use it;
- lack of inflation - achieved by a limited number of mined coins;
- it takes only 2.5 minutes to form a block;
- PrivateSend function is an encryption system, the essence of which is to mix assets in several stages before reaching the recipient;
- ease of mining - energy costs are less than mined coins;
The cryptocurrency itself is quite interesting; you can study it in more detail at https://crypto.ru/dash/ yourself.
Purchasing methods
Becoming the owner of a digital coin is not difficult. There are such purchasing methods: