DASH: cheap digital cash in a flash
Dash is digital cash, a money exchange on a highly secure, open-source, peer-to-peer network, much like Bitcoin. But unlike Bitcoin, it's really the first form of digital cash that works just like physical cash. Your money isn't held in a central banking organization. Instead, you hold your money in a safe and easy way, maintaining full control. This means that you have total privacy when it comes to your purchases.
Your transaction can't be tracked by any organization or any 3rd parties, instead, your information is private. Another great benefit is that transactions can occur instantaneously. There's no wait or lag. Money changes hands right away, just like handing over physical cash when making a purchase.
Because Dash is truly fungible, it's the first real working form of true digital cash. That means Dash really private, instantaneous, and secure. Dash fees are extremely low, or completely non-existent. No bank is sitting in the middle of everything and charging you to hold or use your money. Instead, you've got the power. Anyone can use Dash, anywhere around the world, at any time.
Dash is considered to be one of the first and one of the longest-running decentralized autonomous organizations. Dash seeks to be what Bitcoin was supposed to be: a peer-to-peer electronic cash system. However, there are a few differences. Dash is much faster than bitcoin it can process around 56 transactions per second whereas bitcoin can only do seven transactions per second. In practice, it takes less than two seconds for a Dash transaction to complete while Bitcoin takes 10 minutes, up to a few hours when the network is busy.
Dash is much cheaper to send than Bitcoin. Transaction fees on the Dash blockchain are less than a cent whereas Bitcoin transactions often cost a few dollars.
Dash gives users the opportunity to send a private transaction using private send which is their own in-house version of coinjoin a privacy protocol originally developed for Bitcoin.
Other benefits are:
There are around 2000 Dash ATMs around the world
Currently, there are over 5000 Dash merchants which accept Dash as a form of payment
Dash processes over 20.000 transactions per day and have moved nearly a billion dollars worth of currency since its release. Most Dash traffic is coming from Latin America and especially Venezuela
There are several exchanges where you can purchase and trade Dash:
1. Binance Exchange - you can purchase Dash on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use the link above for a bonus 10% discount
2. CoinBase - this is one of the most popular platforms because it is easy to use on your phone or tablet and is available in most countries. On CoinBase you will also find many of the top 100 coins. CoinBase will send email confirmations for another layer of security if you are using a PC. CoinBase also can be used on your phone. When you join CoinBase you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more, by using the above link.
3. Crypto.com MCO/CRO - this is a favourite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using the above link to create a new account.
4. Celsius is a platform that works and operates similar to a bank, where you can deposit and earn interest, or borrow against an asset to receive cash or coins. Interest rates may vary from 2% up to 10% or more, depending on how stable the coin is seen to be. As of when this article was written, interest paid on DASH by Celsius is 7.21% which is far more than a bank pays on paper money. Join Celsius Network using the above link and earn $20 in BTC with your first deposit of $200 or more!
If you have any questions, please get in touch via the "Contact Us" section of the homepage and we will do our best to assist you.