Dash coin is derived from Litecoin which by itself is a derivative of Bitcoin. Unlike other altcoins such as Ethereum, Ripple etc who have different use cases, Dash follows the steps of Bitcoin and its original vision of financial freedom to all. It aims to become a faster and cheaper alternative to fiat currency as a medium of exchange for goods and services.
Dash was founded by software developers Evan Duffield and Kyle Hagan. Launched as XCoin, it was renamed Darkcoin and then “Dashcoin” in an attempt to positively change its image.
Since its inception in 2014, Dash has shown leadership in innovation and pioneered groundbreaking features such as:
-Two-tier network with incentivized nodes and decentralized project governance (Masternodes)
-Instantly settled payments (InstantSend)
-Instantly immutable blockchain (ChainLocks)
-Optional privacy (PrivateSend)
Dash coin has a lot of benefits as a cryptocurrency. It is being widely accepted as currency by around 5000 traders. It has a relatively low transaction fee and there are many cryptocurrency exchanges with Dash coins. Unlike its counterparts, Dash transactions are quick and hassle-free.
Dash exhibits the same utility as Bitcoin with the added benefit of higher privacy and instant transactions. Here are four ways it can be used:
Private transactions: Most people prefer privacy in transactions to avoid sensitive information being leaked.
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Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
It aims to become a faster and cheaper alternative to fiat currency as a medium of exchange for goods and services.
1 Cr. DASH
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