Dash is a digital currency. With its help, anyone anywhere in the world can quickly and easily complete transactions with low fees at any time without relying on a central authority. Dash is based on a decentralized peer-to-peer network and is guaranteed by strong cryptography. It provides a safe, user-friendly payment method without thresholds. Dash is portable, affordable divisible and fast-transaction digital cash for online transactions and everyday life. Thanks to low transaction fees and fast transaction speeds, Dash is used around the world as a practical alternative to cash and credit cards. Not only that, but it also provides solutions for international money transfers. Dash is especially popular in regions where traditional payment systems have technical barriers to entry, or where hyperinflation destroys the usefulness of existing currencies.

Background of Dash

In addition to the functions of Bitcoin, Dash also provides instant transactions (InstantSend) and private transactions (PrivateSend). Dash also operates on a self-governing and self-funding mechanism, facilitating the creation of a network dominated by independent entities. This decentralized management and funding system makes it the first decentralized autonomous organization recognized by international law.

Dash distributes 45% of the mined minerals to miners, another 45% to Masternode, and the last 10% to the reserve of the Dash management team. This allows the network to change the size of the network at any time by providing incentives for system upgrades.

Software developers are currently focusing on improving the experience for non-technical users. The developers want users to be able to pay with a contact's name instead of an encrypted address, and to be able to click buy a website or mobile app without the presence of a central authority.

Advantages of Dash

Dash's greatest strength comes from its network of masternodes. This two-level network gives it innovative capabilities that Bitcoin does not have, enabling it to develop features such as instant sending, anonymous sending, and the Dash budget system.

Like many Dash fans, I was once a Bitcoin fan. I was once fascinated by Satoshi Nakamoto's ideas. However, I was dazzled by the fact that the Bitcoin project was subsequently divided into factions, and it seemed that there was no sign of ending. Other encrypted digital currencies also have their bright spots, but it is Dash's master node network that really faces and solves the problems of Bitcoin.

Double spend problem – solved.

Anonymous issue - resolved.

Transaction taking too long - resolved.

Lack of a real management system - also addressed.

Although each cryptocurrency has its own advantages and disadvantages, the problems of Bitcoin just prove that the decentralized management system is crucial to the long-term prosperity of encrypted digital currencies. While other peers are busy solving immediate technical difficulties, Dash has built-in ways to deal with future problems that may arise.

A digital currency that can be operated online

Users can use Dash to make secure online instant payments, and merchants can add an open source payment platform built by tens of millions of users around the world to their stores.

Core technology

• X11 algorithm

X11 uses 11 hash algorithms for 11 rounds of calculations. The hash algorithms include blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd and echo.

X11 can reduce the graphics card temperature by 30%-50%, and reduce power consumption by about 30%, so the X11 algorithm can be said to be the most GPU-friendly algorithm at present. At the same time, it can resist ASIC mining machines to a certain extent.

• Masternode (Masternode, that is, a two-tier reward network)

Bitcoin's incentive mechanism is to "reward the first node that packs a block in the network", which has only one layer of mining network. But DASH created a two-layer network:

1. The first layer is that ordinary miners package transactions in the network to form blocks;
2. The second layer is the master node network to confirm the consensus of the block;

The master node is a full node, which must provide certain services to the entire network, and requires 1000 DASH as a deposit. Correspondingly, the master node can obtain 45% of the block reward as a reward.

• InstantX

InstantX technology enables transactions to be confirmed in seconds, which is a qualitative leap compared to Bitcoin and others, and can already meet the payment needs in real life. For details about its technology, please refer to: Detailed Explanation of InstantX.

• DarkSend

DarkSend technology can realize anonymous transactions. For technical details, please refer to: DarkSend Detailed Explanation.

Basic concepts

1. DashDrive (Dash Drive) - a distributed file sharing system stored on the master node network.

2. DAPI (Distributed Application Programming Interface) - a decentralized application programming interface for the master node network to interact with user terminals.

3. DashPay Decentralized Wallets (distributed Dash coin light wallet) - all kinds of light wallet clients designed with distributed application programming interface.

4. Second Tier (Master Node Network) - a master node network that has a service certification reward mechanism and provides security and services for the network.

5. Budgets - A budget system in which the masternode network allocates budget funds by voting on each development proposal that exists on it.

6. Governance (management method) - help and manage the development direction of Dash through the masternode voting method.

7. Quorum Chain (arbitration chain) - a long-term stable online dynamic standing master node list (can be used to calculate the history and current master node list).

8. Primitives (popularization) - Interact with the Dash network in an easy-to-understand and popular way such as friends, groups, and accounts.

9. Social Wallet (socialized wallet) - a socialized wallet designed using popular concepts, it has: friends list, user group classification, account sharing, sending messages and other functions.

10. DSQL-is a data structure language used by the arbitration master node to manage various affairs of the Dash network (such as: determining the blacklist, handling various online affairs by setting soft forks, etc.)