Since Dash cryptocurrency transactions cannot be traced , their history is unknown. This makes all the Dash coins equal and fungible.
Read moreHow does Dash coin work?
Dash uses the X11 algorithm, a modification of the proof-of-stake (PoS) algorithm. It also uses CoinJoin mixing to scramble transactions and make privacy possible on its blockchain . Bitcoin uses a proof of work (PoW) algorithm. The two cryptocurrencies have different systems for handling transactions.
Read moreWhat is special about Dash coin?
Special Features of Dash Coin Dash’s most notable feature is its InstantSend, which allows for instant transaction confirmation . Most currencies have a delayed transaction time because a certain number of blocks must pass before the transaction can be verified.
Read moreWhere is Dash coin used?
“Dash is the most used cryptocurrency in Venezuela ,” said Ryan Taylor, CEO of Dash Core Group, as he stood on stage last May during CoinDesk’s Consensus event.
Read more