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Learn more about DASH
Dash has been around since 2014 in one form or another but people still often ask what is Dash cryptocurrency? It was originally called XCoin and came to be when founder Evan Duffield, unhappy with the transaction speed of Bitcoin, decided to found his own coin, with the intention of having faster transaction speeds and more privacy.
Dash is actually a hard fork of Litecoin — and Litecoin forked from Bitcoin originally. The coin has a hard cap of 18 million Dash coins, which is a lower supply than Bitcoin; already a good sign for further price rise.
But, unlike Bitcoin, the average block mining time on the Dash blockchain is 2.5 minutes, around four times faster than Bitcoin which takes about 10 minutes per block. This means that Dash transactions are much faster than Bitcoin, something which makes it desirable for everyday usage.
Some of the more technical key features of the blockchain include Masternodes, which make up a second tier network, and exist on top of the first tier which consists of normal network miners. There is also PrivateSend, a system that helps to maintain fungibility by swapping coins between users as a way to break the traceability of coins making the network safer, as a transaction cannot be traced and the coin’s history cannot be accessed.
Finally, the feature that sets Dash apart is InstantSend that allows for transactions with Dash to be almost instant.
Here you can store your earned DASH or buy more
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