Buy dash cryptocurrency: focus on the payments industry
19/02/2018Dash (Digital cash) is a crypto currency with great innovations in terms of structure and transaction process. Dash guarantees simple and scalable payments worldwide. In this post we will illustrate the main aspects: mining, how to buy dash cryptocurrency and the DAO structure.
The project Dash
Dash is a crypto currency that aims to enable digital transactions of coins quickly and safely. From this point of view, it can be a Bitcoin competitor. Moreover, as Bitcoin, it uses the POW (Proof of Work) for the transactions’ confirmation, which gives the possibility to mine this currency.
Mining
Given the complexity of the algorithm, we recommend to mine this currency with a powerful GPU. Specific equipment is available on the market, just as for bitcoins. Antminer d3 is certainly one of the most efficient products in this sector.
Buy dash cryptocurrency
To buy dash cryptocurrency we need a virtual wallet. The exchange is an alternative to the wallet. We recommend using a desktop portfolio such as the Electrum Dash Walle. There are also many apps to keep a wallet on your phone. Jaxx is one of the most popular choices for mobile wallets. On the exchanges it is not possible to buy Dash directly. you must first purchase Bitcoins and convert them to Dash.
DAO structure
The crypto “Dash” introduces important innovations. The first is certainly the project structure, named DAO, which provides three separate entities:
- miners (45%)
- master nodes (45%)
- treasure (10%)
Master-nodes (MN) are holders of a wallet with at least 1,000 Dash. They have a fundamental role within the community.
Treasure supports the necessity for updates and the rewards to developers.
Instant send and private send
The type of structure that includes the MN has some advantages also from the functional point of view. In the case of Dash, there is an “instant send” and a “private send”.
Instant send
In the “instant send”, there are 5 confirmations that occur in about 2 seconds. In this way the transaction costs are amortized.
Private send
“Private send” uses an innovative process. This process mixes your input with the inputs of other people. Your coins are not moved from the wallet. So this ensures maximum security and maximum privacy.
Conclusion
This crypto currency represents a very solid project that presents several interesting news.
However, remember the first rule of the crypto world: perform a thorough research on the various projects before buying virtual coins. So we can say that the safest method to buy dash cryptocurrency are the desktop wallets. Finally pay close attention not to share the secret key of your wallet with anyone.
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