DASH, short for Digital Cash, is a decentralized crypto asset founded by Evan Duffield and Kyle Hagan in 2012. DASH aims to be a digital alternative to traditional cash, providing fast, secure, and private transactions.
Why DASH is Unique
Dash's mission is to be the best payment tool with features like InstantSend, PrivateSend, and ChainLocks
What Gives DASH Value?
- Dash has a limited supply and is deflationary (similar to BNB Burns) to maintain Dash's value
- Designed for daily transactions between peers, with benefits like low fees, fast transactions, and high privacy
What Affects The Price of DASH?
- Demands for DASH
- Conventional payment method
- Supported merchants
How Secure is The DASH Network?
The Dash network's security is two-tiered. The first-tier nodes are under the proof-of-work consensus protocol. Then the second-tier nodes are under the proof-of-service consensus algorithm.
What is Dash used for?
Dash is used worldwide as a practical alternative to cash and credit cards. It is also a useful solution in the international remittances market where technical barriers exist in traditional payment methods.
Who controls Dash?
Dash is an open protocol not under the control of any single entity. Anyone can write software to transact on the Dash network without requiring the permission of a central authority. There are no barriers to using Dash.