What is Dash?
Dash (DASH) is a next-generation digital currency based on the Bitcoin software.
Dash has solved many of the problems inherent in Bitcoin by speeding up transactions, offering enhanced financial privacy, and developing a decentralized governance and funding system.
Keep your payments private so nobody can track you, your transactions and balances are nobody’s business. With Dash’s ahead- of- time anonymization, only you have access to your financial information.
Dash harnesses the power of its Masternode network to power an innovative technology called InstantX. When sending money, users can select the “Use InstantX” box in their wallet, and transactions will be fully sent and irreversible within four seconds.
Advanced encryption and a trustless protocol for complete security in your payments and anonymization process.
You can send money anywhere in the world with the same low fees and the same speed as if you were sending money next door!
Low / Fees
Most transactions only cost a few cents to send, which is considerably cheaper than services like Western Union, PayPal, or Moneygram..
Dash has developed a decentralized system to govern and fund the future development of the project. Anybody can come up with a project to help develop the Dash ecosystem and submit it to the network. The proposal will then be voted on by Masternode owners and if approved by at least 10% of the network’s Masternodes, the proposal will be considered approved.
In the meantime, every time a miner solves a block, 45% of the block reward goes to the miner and 45% goes to support the second tier of the network. Ten percent of the block reward is not created at that time–it is withheld by the Dash network. Once a month the DASH that was withheld is created by “superblocks.” These blocks, one per approved proposal, create the DASH needed to pay the proposals
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