Dash is an international cryptocurrency and payment system based on the Bitcoin code. With its help, you can make payments anonymously and instantly. Account-holders in this system will be able to transfer money to each other, pay for services and goods, and make purchases in online stores around the world. Hundreds of stores from dozens of countries work with cryptocurrency.
The payment system is private, and this is its main advantage.
Differences from Bitcoin
Although the developers took the source code of Bitcoin as a basis, this system is significantly different from the most famous cryptocurrency. And it differs for the better.
First, the developers have built a unique two-tier architecture so that unique updates and improvements can be introduced into the system.
Second, all Dash payments are completely anonymous. There will be no trace of transactions left. Bitcoin users are forced to put up with the publication of payments on the blockchain, which makes money transfers available to everyone. Dash uses anonymization technology. The result is cash-only privacy.
Thirdly, it is the most secure and convenient cryptocurrency. The system cannot be hacked: a decentralized network of master nodes is used, which makes the cryptocurrency as safe as possible. Bitcoin transactions can be verified using miners. This takes a long time – from 10 minutes to an hour per transaction. Dash uses distributed confirmation technology to save time.
Finally, fourthly, there are minimal commissions. In many cases, there is no commission even.
How to start using Dash?
To buy a cryptocurrency and pay for someone else’s goods and services, you just need to download a wallet and install the program on your computer or any other device. The user receives his number and can use it in the future to conduct transactions.
Having received the number, you can accept payments and withdraw money from the system.
There are several ways to buy Dash:
- On the exchanges. Forex rules apply here: the conditions on each of them may differ. It is possible to exchange for “bitcoins” and other cryptocurrencies. Exchanges charge a commission, the amount depends on the resource’s pricing policy.
- In exchangers working directly. On the official website of the payment system, for informational purposes, they provided a list of resources where you can purchase Dash for real or electronic currency. Here you can buy Dash via bank transfer, credit card, PayPal account, and many other methods. Deposits and withdrawals are usually instant, but much depends on the method chosen: bank transfers take a little more time.
- The withdrawal is carried out in the same ways: indirectly, through the exchanges (you may have to carry out several transactions before getting it in your hands or on the account), or using one of the exchangers. The payment system does not have its exchanger, which would allow you to withdraw money directly – to a card or account.
Disadvantages of the Dash payment system
The disadvantages of cryptocurrency are associated exclusively with the low prevalence of the system. In particular:
There are significantly fewer Dash users than Bitcoin owners. This means that when paying for any goods and services, you will have to spend time on transfers and money on commissions;
There is no single official way or tool to buy Dash. There are separate exchanges and resources where you can try to exchange or deposit money into the system, but the developers themselves do not guarantee complete safety. The user will have to take risks;
Not all purchase methods are available in Russia. Users will most likely have to make multiple transactions and use anonymizers if necessary.
Despite the shortcomings, we use the Dash payment system, and the number of owners of this cryptocurrency is growing every year. Developers make a great contribution by regularly updating and expanding functionality, improving security systems, and ensuring complete privacy. It is a truly anonymous system.
Advantages of the coin
Stability. Cryptocurrency has existed for quite a long time and has always been in top positions in terms of capitalization;
The team’s commitment to development. Unlike Bitcoin, everyone knows the creators of Dash. And they’ve been actively promoting their product since its inception;
The ability to adjust the development of the project. Users can vote themselves on changes to how Dash works;
Positive dynamics of the value of coins. Based on past rate fluctuations, Dash can be expected to increase in value in the future;
Good technology. The Dash blockchain offers unique conditions for conducting transactions. This network provides the ability to conduct transactions with maximum anonymity;
It is also worth highlighting the speed of transactions in the Dash network – they are carried out almost instantly;
The ability to earn money from mining. Mining Dash coins are not that expensive, especially when compared to mining other cryptocurrencies.
