Money is becoming decentralized after the introduction of Bitcoin blockchain technology. But it did not end with Bitcoin, and several digital currencies get introduced on a regular basis trying to offer many benefits over the other.
The primary focus of every new coin is dissolving the issue caused by bitcoin and that it failed to offer privacy for the transaction details. Anonymous Cryptocurrency gave birth to resolve this fundamental problem of bitcoin. One new name in the market is the DASH. Digital cash, another alternative to BTC.
About Dash Important Features
Dash is different from cryptocurrency projects including the Stratis and Ethereum primarily into the development arena. Dash promotes itself in the Cryptocurrency business as a peer-to-peer distributed electronic cash. It projects itself to be same as that of the real money and wants to be in the market similar to USD, INR, EUR, and many others. In simple words, it wants to be recognized as money in every country as a local currency would be called.
It is similar to BTC in its technology and is an open source technology using a specific blockchain. They have a separate community and wallet infrastructure. The only difference between BTC and Dash is the transaction fee, which is lower in Dash.
Dash is a digital money and will offer better privacy and transaction speed than the BTC.
Birth of Dash
Evan Duffield introduced Dash to the world in 2014 on 18th Jan. First, it was introduced as an XCO (Xcoin). Again got named as Darkcoin in Feb 2014, and within a month’s time it came to the market. Finally, within one year after undergoing many changes, it was called as Dash in 2015 March.
Inspired by the BTC in 2010, Evan wanted to study technology, and provide more privacy and quick transaction. It gifted the Cryptocurrency world with Dash.
Supply of Dash Coin
A sum of 18 million Dash coins is designed for supply and circulating close to 7.4 million coins at present. The block reward introduced for selling Dash coins reduces at the rate of 7.1% on a yearly basis. Dash block mining time on an average is 2½ minutes. When compared to BTC, it is four times quicker.
Steps to Buy Dash
Changelly allows you to get Dash quickly and it is fast to exchange with them. To know about Changelly, you must understand that it is an exchange with several types of cryptocurrencies collected in one place. It is quick and easy to exchange many cryptocurrencies there. More than 55 digital currency is recognizable in Changelly and Dash is one among them.
- Create a Dash address and mention it in Changelly to get your transaction on.
- Also, you require some coins, and they can be either a Bitcoin BTC or a Litecoin LTC. In the recent years, other currencies are also recognized by the Dash to be exchanged in Changelly.
- You can exchange BTC and continue to stay in the world of Digital currency by trading with better features of Dash.