What is Dash

Dash draws a lot of inspirations from Bitcoins’ codebase. It has borrowed heavily on the Bitcoin blockchain structure and is becoming one of those fantastic currencies to watch. The major unique feature of Dash is its two tier architecture that opens a wide spectrum of the currencies’ possibilities.

Dash’s innovation is based on solving a myriad of problems learned through the gaps left by Bitcoin. It has improved transaction speeds, increased financial privacy and enhanced funding system and completely P2P decentralized governance.

Their decentralized Blockchain offers many benefits including keeping your account and transactions private. With Dash, you cannot be tracked and unlike Bitcoin, no one can access your account balance. You are in charge of your private and account information.

Dash runs purely on Masternodes that gives the network the necessary infrastructure. The network broadcasts your transaction and miners pick it as a new block and incorporate it to the blockchain. Once a block is added, I is termed as a confirmation awaiting clearance. At this stage, you cannot reverse the transaction; it takes six confirmations for a transaction to be confirmed.

When a miner finds a new bock, they get rewarded since they are running the Masternodes. The miner get 40%, 45% goes to Masternodes while 10% goes to dash for funding Dash projects through their decentralized budgeting system.
Masternodes act as the local server and are maintained by miners who get rewarded. The mining function is based on the Proof-of-work policy. To run as Masternode, you have to show prove that you own 1000 Dash. If you use the 1000 dash in your account, the Masternode turns itself off automatically.

Dash puts the speed of transactions at the palm of your hands. Using their Masternode network, you can choose InstantX that allows money to be sent in 3 seconds. When you send money, you can choose the option InstantX tab and instantly release your money; an action that is irreversible. Dash also secures your funds through their advanced trustless protocol that is encrypted.

Dash has a global visibility and you can receive and send money internationally. Whether you are sending Dash coins across the street or across the border attracts the same low fee. You get value for your money; dash has the lowest fees compared to other international money processors like PayPal, Western Union and MoneyGram.

Dash offers total currency solutions and has a pre-paid card that you can get through SpectroCoin. These can be used in any ATM across the world. These same cards can be used to shop from ordinary shops that accept debit cards. The good thing about the SpectroCoin Visa debit card is that it is funded instantly.

Now that you have an idea what Dash is, you can make a decision if it is the right currency to invest in. It is all about your financial need and where you get value for your money from. It is a promising digital payment system that has improved features compared to older processors.