Presentation and definition of the crypto-currency (Dash) (DASH)

Presentation and definition of the crypto-currency (Dash) (DASH)

  • Name of the crypto-currency : Dash
  • Abbreviation : DASH
  • Where to buy the Dash ? Binance, Bitbay
  • Date of creation : 2012
  • White paper, Dash
  • Web Site

Dash : what is the protocol ?

Dash is a decentralised protocol that allows you to send and receive money anonymously and instantly. Its name, “Dash” is a contraction of the words “Digital” and ” Cash “. Its operation is based on the same source code as Bitcoin but has some improvements. Each transaction made with crypto-currencies such as Bitcoin are recorded in a block to the blockchain and the names of the senders and recipients are retained. Dash, on the other hand, guarantees the total anonymity thanks to advanced technology that erases all traces of the transactions. The objective of the founders of Dash is to provide a digital version of the money in cash while maintaining the same speed and fungibility, as well as anonymity, equal.

Features PrivateSend and InstantSend

The creator of Dash wanted to integrate a new part of code in the protocol of Bitcoin is to provide anonymity but it is realized that the network does not intend to provide this improvement and therefore decided to create its own currency encrypted. Dash offers two significant new features : PrivateSend and InstantSend. The first mode is an optional that allows a protection of the private data of the user and the second allows you to send funds instantly, without having to wait for the validation on the Bitcoin network, it may take several tens of minutes. Anonymity is guaranteed through a system of mixture of currencies that will split the transactions into smaller pieces before sending them together.