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= Dash (Digital Cash) is a popular cryptocurrency based on the bitcoin technology but it has some differences. In a typical bitcoin transaction, all information related to the transaction will be stored on the blockchain. But Dash provides the option to make your transaction private without the need to submit the transaction details on the blockchain. Dash cryptocurrency was first released in the year 2014.
Pros:
1. Instant Transactions – Even though bitcoin is the most popular cryptocurrency till today, the average time taken to get confirmation of the transaction is 10 minutes. This limitation is overcome by Dash as it can confirm transactions instantly by using the instantsend technology.
2. Private or Anonymity – All bitcoin transactions are public and stored in the blockchain network. Dash helps to keep the transaction completely anonymous so that it is impossible to track or get any details about the transaction.
3. Decentralized & Two tier Network – Dash is a Decentralized Autonomous Organization (DAO) based on the two-tier network. First-tier is the miners and second tier is called Masternode. Masternodes are special computer servers that are used to complete the private transactions instantly. Creating new blocks of Dash is done by miners in the same way as bitcoins.
4. Great Merchant Network – Dash has partnered with more than 50 merchants worldwide so that you can use the cryptocurrency to buy products/ services with any of them. Some of the popular merchants are Bitwala, Coinshost, Healthiverse and more.
5. Multilanguage Dash Wallet – You can use Dash wallet to send your payments instantaneously anywhere in the world by maintaining your anonymity. You can customize the language in your wallet as it supports more than 7 languages including Japanese, Korean and Russian.
Cons:
1. The liquidity for the transactions done using Privatesend ( Anonymity) is very low.
Pros:
1. Instant Transactions – Even though bitcoin is the most popular cryptocurrency till today, the average time taken to get confirmation of the transaction is 10 minutes. This limitation is overcome by Dash as it can confirm transactions instantly by using the instantsend technology.
2. Private or Anonymity – All bitcoin transactions are public and stored in the blockchain network. Dash helps to keep the transaction completely anonymous so that it is impossible to track or get any details about the transaction.
3. Decentralized & Two tier Network – Dash is a Decentralized Autonomous Organization (DAO) based on the two-tier network. First-tier is the miners and second tier is called Masternode. Masternodes are special computer servers that are used to complete the private transactions instantly. Creating new blocks of Dash is done by miners in the same way as bitcoins.
4. Great Merchant Network – Dash has partnered with more than 50 merchants worldwide so that you can use the cryptocurrency to buy products/ services with any of them. Some of the popular merchants are Bitwala, Coinshost, Healthiverse and more.
5. Multilanguage Dash Wallet – You can use Dash wallet to send your payments instantaneously anywhere in the world by maintaining your anonymity. You can customize the language in your wallet as it supports more than 7 languages including Japanese, Korean and Russian.
Cons:
1. The liquidity for the transactions done using Privatesend ( Anonymity) is very low.