Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Dash Forum => Topic started by: riponsumo on June 22, 2018, 05:09:45 PM
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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.
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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.
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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.
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Dash has privacy features and a slightly different organizational structure.It arrives very quickly and with extremely low transaction fees.We could send Dash to our friend Satoshi in Japan and he would get it in less than a minute and without big international fees added to it.We could also send it privately meaning the transaction would not be traced.Dash also offers an InstantSend option for those who want even a faster transaction speed.
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thanks guys? btw has anybody ever tried BibitBot for arbitrage with DASH? I see many recommendations on this forum
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It is indeed true that addresses that ordinary people do not really understand about crypyo, and if the dash is always developing it will be very good for the future.
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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.
However, the addresses appearance is a straight foward understanding, basically, these addresses are been generated by the networks of computers of the various wallets out there.
Now, these are some of the things to know about Dash coin. Unlike Bitcoin, where all jobs are performed by miners on a single-tier network, Dash uses a two-tier network. The first tier is composed of nodes that are nothing but computers that communicate with another within the network. These nodes are handled by miners and they do certain basic network functions, such as verifying Dash transactions.
The second tier of the Dash network is what sets Dash apart. It consists of specialized masternodes. These are full nodes—computers that contain the full blockchain of the cryptocurrency and enforce rules of the network. Masternodes facilitate specialized transactions for “PrivateSend” and “InstantSend”.
Again, one good cryptocurrency advantage is that Dash transactions can remain anonymous. Dash is able to achieve this via a mixing protocol using a unique network of servers called masternodes as i stated earlier.
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it is true that people who are not familiar with crypto will definitely have a little difficulty regarding the use of wallets, but that is all necessary and can be learned.
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it is true that people who are not accustomed to or even unusually using crypto are very difficult for them.
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it is indeed true that for those who are first or early in the crypto field it will be difficult to understand, but I think that is only temporary.
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it is absolutely true and that is the main obstacle, and I think for beginners who know the world of crypto, it's hard to understand.
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What I know is that DASH is a digital currency that can be used anywhere, with the Instant Payment feature, Private Payment uses an open-source network decentralized by thousands of users spread across the world.
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it's true that dash is a digital currency that is very popular nowadays, and even though today people are still confused about Wallet and I think in the future it will be much easier to understand.
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I think DASH is a digital currency that can be used anywhere, with the Instant Payment feature, Private Payment uses an open-source network decentralized by thousands of users spread across the world.
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I think DASH is a digital currency that can be used anywhere, with the Instant Payment feature, Private Payment uses an open-source network decentralized by thousands of users spread across the world.
I like the private payment most, because we can pay for any payments without the need of our information. And this is also the features that most whales like
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Also, it is important to check the current market situation. Here's a helpful chart (https://frontend.coindeal.com/market/DASH-BTC/?_ga=2.68911697.1563827801.1555425152-1818282971.1554562917) :) .
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Me and my team have come up with a mining rig that can mine any crypto currency you can message me on telegram to get our channel @MIKEbrowns
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thanks guys? btw has anybody ever tried BibitBot for arbitrage with DASH? I see many recommendations on this forum
Can you give me a lot of information about Bibitbot?
Can you give a reference link from altcoinstalks for the Bibitbot guide?
I don't know what Bibitbot can be combined with Dash.
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it's true that people who aren't used to it will feel confused about the bitcoin address, but I don't think that's the main obstacle.
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Dash is an open-sourced cryptocurrency, which apart from being a form of decentralized autonomous organization (DAO), also uses the peer-to-peer network technology. Dash is short for Digital Cash and one of its main motives is to be as liquid as fiat currency which then can be used in various countries without much hindrance.
It was forked from the Bitcoin protocol and has got quite a few similarities with Bitcoin. For instance, Dash has its own blockchain, is open-sourced, has wallet infrastructure and community. But here comes the difference, that being, unlike BTC, Dash's transaction fee is negligible.
What makes Dash different from other altcoins is privacy being its characteristic nature. Initially, it was known as XCoin, then changed to DarkCoin, and now finally is Dash. (It is to be noted that Dash is no longer a Dark Coin). It was created and designed to guarantee user privacy as well as anonymity. According to its whitepaper, DASH is the first privacy-centric cryptographic currency.
Some of Dash's advantages are:
Liquidity
Faster and cheaper transactions
Versatility
Flexibility
DASH has a total supply of 18.9 million, of which around 8.8 million is already mined. Apart from mining, the coin can also be exchanged on various exchanges like Binance, OKEx, Bittrex, Cryptopia, CoinSwitch and many more.
To store DASH, there are various wallets supporting the said coin, but the ones that can be trusted and display numerous advantageous features are:
Ledger Nano S - This hardware wallet is the best wallet till date and is virtually unhackable. Its 2-FA and its stronghold on the private key makes it quite secure and you can freely rely on it.
Trezor - This wallet is the rival of Ledger and if a person doesn't want to spend 100 bucks on their wallet, they can go for this cheaper version. Trezor is also a trusted wallet, is portable and can definitely keep your cryptos safe.
Atomic Wallet - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. Atomic is an online wallet that is operable on both mobile and desktop as well.
Coinomi - This wallet has the broadest range of crypto, possessing more than 125 blockchains and 168 fiat currency representations. You don’t have to worry about security as Coinomi wallets have never been hacked ever!
Some other wallets that support DASH are Dash Core Wallet, Exodus, Guarda, Jaxx, Dash Cryptocurrency Wallet, MyDashWallet, DASH Core iOS, Dash Paper Wallet, etc.
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Wow, the writing is very long and very detailed, is this Copy-Paste or pure writing?
If possible, he wrote it with Co-Pas, ready to get negative karma.
It's about the Dash coins that enter the top 20 of CoinMarketCap, they should be real and clear !
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Wow, the writing is very long and very detailed, is this Copy-Paste or pure writing?
If possible, he wrote it with Co-Pas, ready to get negative karma.
I certainly did not copy-paste it from somewhere else. I wrote all of it on my own. I actually am a blogger of sorts. I have written this article on reddit too.
I'm new to this cryptocurrency world and whatever I learn, I write. I know it's all basic stuff, but I hope that, for those who are, like me, newbies, this might help.
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Dash coin is a digital currency and almost all the coins are same like the BTC and just some coins in the market is real but the other coins are not having good team and they survive in the market.