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.