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⚡ What is DASH?
DASH is a cryptocurrency designed to be digital money with an emphasis on:
Fast transactions
Low fees
Optional privacy
Integrated governance
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⭐ Key features
🔹 1. InstantSend
Allows for almost instant transactions (less than a second) using a network of masternodes that validate them.
🔹 2. PrivateSend
Offers a coin mixing method to increase user privacy.
Note: It is not privacy at the cryptographic level of Zcash or Monero, but it enhances anonymity.
🔹 3. Masternodes
DASH was a pioneer in the masternode system, special servers that:
Secure the network
They execute InstantSend and PrivateSend
Vote on governance proposals
They receive a part of the block reward
To operate one, a guarantee (collateral) of 1,000 DASH is required.
🔹 4. Decentralized governance
The project is funded through a network treasury, which receives a percentage of each block.
Masternodes vote on which proposals to fund.
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🎯 What is DASH used for?
Fast payments like 'cash'.
Use in businesses.
Cross-border shipments with low fees.
Users who want some privacy without complications.
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🛠️ Technology and mining
Mining algorithm: X11 (uses 11 hash functions in a chain).
It is mined with ASICs, not with GPUs.
Dual network: Miners + Masternodes.
