{"id":165,"date":"2021-09-30T21:20:50","date_gmt":"2021-09-30T21:20:50","guid":{"rendered":"https:\/\/dashwallet.io\/articles\/?p=165"},"modified":"2022-01-26T06:37:30","modified_gmt":"2022-01-26T06:37:30","slug":"everything-about-dash-cryptocurrency","status":"publish","type":"post","link":"https:\/\/dashwallet.io\/articles\/everything-about-dash-cryptocurrency.html","title":{"rendered":"Everything you would like to know about Dash cryptocurrency: a detailed manual"},"content":{"rendered":"

DASH cryptocurrency produced since 2014 by Evan Duffield (author and developer). Interest in this currency grows as its value increases – recently the price of the coin has risen dozens of times to more than $600.<\/span><\/p>\n

To understand the reason for the rapid interest it is necessary to understand the features and advantages of cryptocurrency.<\/span><\/p>\n

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  1. \n
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    1. How the Dash works<\/a><\/li>\n
    2. Decentralization<\/a><\/li>\n
    3. InstantSend<\/a><\/li>\n
    4. PrivateSend<\/a><\/li>\n
    5. MasterNodes<\/a><\/li>\n
    6. InstantSend<\/a><\/li>\n
    7. X11<\/span><\/a><\/li>\n
    8. Dark Gravity Wave (DGW)<\/span><\/a><\/li>\n
    9. How to buy Dash cryptocurrency<\/span><\/a><\/li>\n
    10. How to store Dash: Dash wallet<\/span><\/a><\/li>\n
    11. History<\/span><\/a><\/li>\n
    12. What the Dash cryptocurrency rate depends on<\/span><\/a><\/li>\n
    13. Differences from Bitcoin<\/span><\/a><\/li>\n
    14. Benefits of Dash<\/span><\/a><\/li>\n
    15. Prospects for Dash<\/span><\/a><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

      How the Dash works<\/span><\/h2>\n

      Dash, built on Bitcoin software, includes a number of original developments that define its advantages. The speed of transactions has increased significantly due to the fact that miners are not involved in their confirmation, for this purpose is used\u00a0 masternode technology.<\/span><\/p>\n

      The system guarantees the anonymity of transactions, excluding the tracking of addresses from which money was sent and where it was received.<\/span><\/p>\n

      A large number of varieties of e-wallets have been developed for the Dash system, ensuring reliable safety of money and ease of its use. Electronic wallets are developed in the form of applications for PCs and mobile devices and provide the convenience of using cryptocurrency, comparable to conventional money, guaranteeing full privacy of payments.\u00a0 These advantages are achieved by using a number of the latest technologies.<\/span><\/p>\n

      Decentralization<\/span><\/h2>\n

      To begin with, all decisions in the Dash community are made by general vote. Everyone can propose a project to the community. The project will be discussed by all participants and then the decision will be made by a vote.<\/span><\/p>\n

      InstantSend<\/span><\/h2>\n

      InstantSend provides instant transaction speed. It works on the principle of blocking inputs only for a specific transaction, which is checked by the consensus mechanism. If the system notices conflicting transactions, they are rejected and blocked.<\/span><\/p>\n

      There are cases where consensus cannot be reached. Then the standard block validation algorithm is responsible for the validation. Thus, in Dash the problem of double spending is solved. And this solution does not require a long wait, as it happens, for example, with bitcoin.<\/span><\/p>\n

      PrivateSend<\/span><\/h2>\n

      To ensure anonymity, the Dash system uses the “PrivateSend” payment mixing technology provided by Masternodes servers. The basis of the technology is CoinJoin. Over time, the method has been built into the client program, as well as improved.<\/span><\/p>\n

      The current version of the system increases the anonymity of transactions by combining inputs from multiple users into a single transaction. Such a transaction has multiple outputs. This approach hides the flow of funds and virtually eliminates the ability to track specific transactions. According to unconfirmed information, the hierarchical list mechanism can be used to bypass the security mechanism, but this possibility has not been supported by practical evidence.<\/span><\/p>\n

      PrivateSend works in stages:<\/span><\/p>\n

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      1. Pre-denomination. This is a process where all payments are split into parts, eliminating the ability to track by specific amounts.<\/span><\/li>\n
      2. Each part of the payment goes through stages of anonymization.<\/span><\/li>\n<\/ol>\n

        Important to note:<\/span><\/p>\n