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What is Dash? (DASH)

A Beginner’s Guide


One of the first prominent alternative cryptocurrencies, Dash was among a group of early projects to copy and modify Bitcoin’s code in an attempt to reach a broader market. 

But Dash would go on to differentiate its technology considerably in the wake of its 2014 launch, adding new features meant to make transactions work more like traditional online payments.

InstantSend, for example, allowed users to transfer DASH without waiting for transactions to be confirmed on the Dash blockchain. Instead, users could send cryptocurrency to special nodes (called Masternodes) that would lock the funds before recording them in an upcoming block.

PrivateSend, another feature of Dash, enabled users to send transactions using a built-in mixing service. Users could send their DASH to Masternodes, which would mix the transactions with others, obscuring the trail of the original transaction.

Still, Dash would go further, embracing more experimental features designed to give anyone who owned a certain amount of DASH the ability to participate in the operation of its blockchain at a time before staking protocols were the norm.

Today, Dash is even partly run through a series of contracts on its blockchain that help manage the development, marketing and infrastructure of the software. 

The Dash team now keeps users updated on changes through its website and Reddit forum.

what is dash?


Who created Dash?

Ang Dash is nilikha ng developer na si Evan Duffield noong January 2014. 

Orihinal na kilala bilang Darkcoin, ang pangalan kung saan naka-highlight ang privacy nito at mga anonymity feature. Ni-rebrand ito ni Duffield mula Darkcoin sa Dash, ibig sabihin ay digital cash, noong 2015.

How does Dash work?


Para sa mga pamilyar sa kahit anong proof-of-work cryptocurrency (tulad ng Bitcoin o Litecoin), ang unang tier ng Dash blockchain ay nagpapatakbo sa halos parehong paraan.

Ang layer na ito ay pinapalakas ng mga miner na nakikipagkumpitensya upang lumikha ng mga bagong block at i-secure ang blockchain. Ang mga miner ay nagpapanatili ng kasaysayan ng transaksyon, habang pinipigilan ang dobleng paggastos. 

Ang pagkaka-iba ng Dash at Bitcoin ay mayroon itong average block time na 2.5 na minuto (kumpara sa 10 minuto) at ang mga miner ay makakatanggap lamang ng 45% ng DASH na minted sa bawat block (sa halip na 100% sa Bitcoin). 


Ang MasterNode Network

Ang ikalawang layer ng Dash blockchain na naglalaman ng karamihan nitong key innovations, dahil pinapatakbo ito ng mga special node na tinatawag na Masternodes. 

Kahit anong node ay maaaring maging Masternode basta humahawak ng 1,000 DASH. 

Masternodes:

  • Padaliin ang private at mga instant na transaksyon 
  • Tanggihan ang mga hindi wastong mga block mula sa miners.  
  • Mag-imbak ng isang buong kopya ng blockchain ledger
  • Tumanggap ng 45% ng block reward
  • Bumoto upang maglaan ng natitirang 10% ng block reward

 

Kahit sino ay may abilidad na magpropose ng bagong feature or pagbabago sa Dash network, subalit, ang huling desisyon ay gagawin sa pagboto sa gitna ng mga Masternode. 

Kung ang bilang ng 'Yes" na mga boto ay mahigitan ang bilang ng 'no' na mga boto ng higit sa 10% ng kabuuang bilang ng Masternode na mga boto, kung gayon ang mga bagong feature ay ipinapatupad. </>

Ang huling 10% ng block reward ay inilaan para sa grant system, na tinatawag rin na Dash treasury. Ang fund na ito ay isinasangtabi ng DAO upang mag-fund ng mga proposal na binoto ng mga Masternode.
 


Bakit may value ang Dash?

Dash shares many of the characteristics that give cryptocurrencies value, including durability, portability and scarcity. Similar to commodities like gold, silver and Bitcoin, Dash has a limited supply. There will only ever be 18.9 million DASH introduced to the network’s economy. 
 
Dash is expected to reach its maximum supply by the year 2300. 
 
Any form of cash needs to be durable enough to be used universally. 

Dash is entirely digital – making it essentially eternal unless your private keys are lost or stolen. Even then, this DASH will forever be on the blockchain unable to be accessed or spent.

Dash is also portable, as like any cryptocurrency, you can carry around your DASH on a flash drive or transfer it instantly via the internet.
 


Bakit kailangan gamitin ang Dash?

Users may find Dash a compelling cryptocurrency for quick, secure and private transactions.

Investors may seek to add Dash to their portfolio should they believe the market will one day favor protocols built to facilitate easy online payments. 

Further, Dash’s limited supply and deflationary nature may also draw certain investors who believe in its characteristics as a store of value. 
 

Magsimula


Now you're ready to take the next step and buy some DASH!