December 14, 2017

What is Dash?

Innovative financial technologies have been surprising the market for all the new things they bring. It is very impressive as every day they renew and present methods never thought before and that is the case of Dash. As such, Dash works like an open-source peer-to-peer cryptocurrency that is somewhat similar to Bitcoin but has other advanced features. Dash has made its way through this time and has positioned itself as one of the best current digital currencies.

In this way, Dash was created in 2014 under the name of Daskcoin but later it was changed to Dash that works like a word game for Digital Cash which is actually what it is. In the first two days of the launch of the platform, more than 1.9 million coins were mined and this meant the beginning of a long trajectory for Dash marked by being the platform that has solved all the problems that other cryptocurrency pages always have.

Dash architecture

In this sense, Dash works with two-tier architecture and so is able to boost your network. The first level is the “Miners” who ensure the network and the second level is “Masternodes” which are those that make the advanced functions possible. As for the latter, it is them who make Dash totally different.

Among these special functions, you can find instant transactions, private transactions, and decentralized governance. This last function is what makes Dash the first Decentralized Autonomous Organization, which gives it some freedom and gives users confidence that there is no government entity controlling the entire platform.

Finally, Dash is a platform with exponential growth and that capitalizes a lot on the market which makes it, always, even more interesting. Have you tried Dash yet? It is one of the best options you would find on the market.