DASH is a type of cryptocurrency that focuses on providing fast and private transactions. It was created in 2014 and was initially known as Darkcoin due to its emphasis on anonymity.
DASH utilizes a two-tier network which consists of miners who secure the network and masternodes that perform specialized functions like InstantSend and PrivateSend. InstantSend allows for near-instant transactions, while PrivateSend ensures that transactions remain anonymous.
DASH has a unique governance model where masternodes have voting rights on proposals for the network. This allows for community involvement in decision-making and the allocation of funds for development and marketing purposes.
Overall, DASH aims to offer a more user-friendly and secure alternative to traditional payment methods by leveraging blockchain technology. Its features like fast transactions and optional privacy make it an attractive option for those looking for efficient and confidential transactions in the cryptocurrency space.
