What is Dash?
Dash is essentially digital cash that you can spend wherever you want. With Dash, you can make private payments either in stores or online via the open-source platform that is completely secure. The platform is hosted with help from thousands of users worldwide. Payments with Dash are instant and completely private. InstantSend payments will confirm in under a second, so there is no concern about wasting time.
Dash Is Private and Secure
Dash keeps all information private thanks to PrivateSend, which ensures balances and activity history are both private. It is also incredibly secure, as every transaction is confirmed by the 200 TerraHash from X11 ASIC computing power, plus more than 4,500 servers with hosting around the world.
Who is behind dash
The Network appoints the Dash Team, which receives monthly funding from the blockchain to keep developing the core technology of Dash. The CEO is Ryan Taylor, while the CTO is Andy Freer. UDJINM6 is the lead developer, and Holger Schnizel does quality insurance, automation, and testing. Other members of the management team include Daniel Diaz for business development, Phillip Engelhorn for press and multitool, Fernando Gutierrez for multitool, Robert Wiecko as project manager, and Evan Duffield as strategy advisor. There are two dozen additional developers, plus 15 more team members dedicated to testing and support.
Among the Biggest P2P Networks Worldwide
Dash launched back in 2014. Since then, it has grown to include 4,100 masternodes. This is largely due to incentives and means that the peer-to-peer network is among the biggest in the world. The large number of nodes improves the capacity for end-users to access their Digital Cash 24/7, no matter where they are. It also improves the security of services.
What Network Does Dash Use?
Dash relies on a next-generation P2P network. The core of Dash uses the unique peer-to-peer network that is fully incentivized. Miners secure the blockchainand receive rewards for doing so. They also receive master nodes to reward validating, serving, and storing the blockchain. These master nodes are a new type of network servers working in incredibly secure clusters known as quorums. These allow for a range of decentralized services, including privacy, governance, and instant transactions, without having to worry about low-cost network attacks.
Dash prides itself on being the first self-governing and self-funding protocol. Every user of Dash can propose projects to the network.
There are a number of official Dash wallets which you can download, including Dash Core, Electrum, Mobile Wallets for IOS and Android, Web Wallet, Paper Wallet and also both the Trezor and Ledger
Hardware wallets support Dash.
Once you have a Dash wallet setup, you will want to purchase some DASH to hold in it. You are not able to purchase Dash directly with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then swap that for DASH at Changelly.