One of Bitcoin’s biggest flaws is its lack of anonymity. Anyone with a browser can learn what wallets are being used. This poses a problem for people in countries where governments like to track their citizens. Dash steps in here. The cryptocurrency aims to be a currency that people can use to buy goods and services, but with an extra layer of anonymity that current currencies like Bitcoin do not provide. In this guide of Zatrun.com, you can find everything you need to know.
What is Dash and How Does It Work?
Dash is a payment network project launched in 2014 and has been constantly evolving ever since. The team’s goal was to create a more secure, faster, and anonymous payment network, inspired by the Bitcoin blockchain. To achieve this goal, it was built on top of the Bitcoin blockchain, and improvements were made to the platform over time. Through these improvements, Dash began to offer higher privacy, savings, and speed than Bitcoin. It won the admiration of investors thanks to features such as Masternode, PrivateSend and InstantSend.
Although the project uses the “Proof-of-Work” consensus algorithm like Bitcoin, it has a different structure. The ecosystem has a two-layer model that includes miners and Masternodes. A user can become a Masternode by depositing 1,000 DASH coins. They serve as a special server that performs critical functions. Additionally, they earn 45% of mining rewards, increasing network security. 55% of a 10% fund goes to allocating rewards, with 45% going to miners, and all rewards are given in cryptocurrency.
Is It a Good Investment?
DASH coin is the cryptocurrency offered by the project. It is possible to shop at businesses that accept this cryptocurrency. One of the most interesting things about Dash is the projects it finances through its own crypto fund. You can invest in these projects with cryptocurrency. Additionally, you can earn passive income as a Masternode or miner. You can also transfer your assets anonymously and quickly.
While it started as a cryptocurrency in the US, the CEO sees the project’s future in other parts of the world. There are over 800 merchants in Venezuela that accept DASH coin payments, and the project is building infrastructure and customer support teams to help attract more people to the currency. With similar projects emerging in Zimbabwe, Dash could be one of the first coins to make a difference in the developing world. The cryptocurrency, which currently has a market cap of $650 million, ranks 69th in the market.