Simple Guide to Dash for Beginners
Get to know Dash!
Dash is one of the fast-rising cryptocurrency today. It has surpassed popular cryptocurrencies before and now it is at no.7 in the world’s leading cryptocurrency when it comes to market capitalization.
Recently, many people have been eyeing Dash, including Russia’s Vladimir Putin. Russia has been very vocal about their support towards cryptocurrencies, specifically Bitcoin. But Putin’s attention was caught by Dash for some reasons.
What makes Dash unique? Find out here.
WHAT IS DASH?
The simplest answer is digital cash. If you’ve heard of Bitcoin, Dash is a lot like Bitcoin except it’s currently being developed and marketed for regular people to use. One of the main obstacles that prevents mainstream adoption of Bitcoin is the way the Bitcoin addresses appear to people who are unfamiliar with cryptography.
Here’s a sample Bitcoin address:
Do you experience a knee-jerk reaction when you see that address? Many people do. In the future, Dash aims to create a system that relies on usernames instead of these alphanumeric addresses which generally confuse the crap out of the average person.
WHAT CAN DASH DO?
When you send Dash to someone, it arrives very quickly and with extremely low transaction fees. For example, you could send Dash to your friend Satoshi in Japan and he would get it in less than a minute and without big international fees added to it. You could also send it privately, meaning the transaction wouldn’t be traced. Dash also offers an InstantSend option for those who want even a faster transaction speed, like when you go into a store to purchase a coffee.
HOW IS DASH DIFFERENT FROM BITCOIN?
Dash has privacy features and a slightly different organizational structure. Bitcoin has no privacy features built into it.
HOW LONG HAS DASH BEEN AROUND?
Dash began on January 18, 2014.
WHO CREATED DASH?
Dash was created by software developer Evan Duffield. You can see the Core Team here: https://www.dash.org/team/
I’VE HEARD OF BITCOIN, HOW COME I’VE NEVER HEARD OF DASH?
Dash is a much newer digital currency than Bitcoin. Bitcoin’s network began in 2009, so it has been operating for 8 years. Dash was started 3 years ago, so naturally, not as many people have heard about it yet.