About Dash: infobyte

This topic contains 0 replies, has 1 voice, and was last updated by  Coinfan 1 year, 9 months ago.

Viewing 1 post (of 1 total)
  • Author
  • #28891


    What is Dash?
    Dash is an open source peer-to-peer cryptocurrency released in Jan 2014 as Darkcoin and rebranded in March 2015. Dash is intended to fix some of the key problems with the Bitcoin system;

    Dash creates a block in ~2.5 minutes. Bitcoin creates a block in ~10minutes
    Dash has implemented InstantSend that uses ‘masternodes’* to allow near-instant transactions. On Bitcoin it takes 30–60 minutes (3–6 confirmations) to trade safely
    Dash PrivateSend, transactions are truly anonymous. Bitcoin is pseudonymous – transactions can be tracked to an address
    The Dash blockchain is self-funded with a portion of each block is allocated to development and promotion of Dash. Bitcoin development is left to volunteers and interest groups which has slowed development

    How many Dash coins are there?
    A total of ~18 Million dash coins

    Unlike Bitcoin’s single-tier network, where all jobs on the network are performed by miners, Dash utilizes a two-tier network. Certain functions, like creating new blocks, are handled by the miners. The second tier of the Dash network – ‘masternodes’ – perform the PrivateSend, InstantSend, and governance functions

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.