Dash is a virtual currency allowing anyone from anywhere in the world to make easy, fast and affordable payments at any time without going through a third party/central authority. Dash is based on Bitcoin project and it was originally initiated five years ago, in 2014, by Evan Duffield.
Since then Dash has primarily focused on the development of fungibility and speed. Now, Dash is a perfect alternative to physical cash coming to use in payments for example in restaurants and stores. Both online and in real life.
Dash’s core is based on a decentralized peer-to-peer network and secured by high-level cryptography, offering a user-friendly and secure payment method. What is important to know about Dash is the fact that it is not under the control of a single entity, it runs on open-protocol.
There are no boundaries on who could write the software in order to transact on Dash network without requiring the permission of a central authority. Dash requires small fees in order to prevent attacks of spam, other than that there are no barriers in using Dash.
Dash is accepted around the world by different kinds of businesses.
How can you use Dash?
Since Dash does not have expensive transaction fees, it is globally used as a good alternative to actual cash and credit cards. Dash also comes to use practically in the international remittances market. It mostly popular in regions where technical access barriers exist to traditional payment systems, or where hyperinflation has made existing currency impractical to use.
What are the benefits of Dash?
· Freedom: Using Dash system, you will be in control of your money. Dash can be received and sent by whoever from anywhere in the world at any time.
· Irreversible transactions: Transactions are instantly made.
· Security: All payments on Dash network can be made and also verified by both parties- without any personal information in the transaction.
· Speed: Dash transactions are safe and visible to the entire network in under 1.5 seconds.