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Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that uses a system
called Darksend to add privacy to transactions. It was rebranded from "Darkcoin" to "Dash" on March 25, 2015,
a portmanteau of "Digital Cash".
Dash (DASH) is a privacy-centric digital currency with instant transactions.
It is based on the Bitcoin software, but it has a two tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash.
Dash transactions are almost instantly confirmed by the Masternodes network. This is a great improvement on Bitcoin's system, where confirmations take much longer because all the work is done by the miners.
Dash uses a chained hashing algorithm approach called X11 for the proof-of-work.
Instead of using the SHA-256 (from well-known Secure Hash Algorithm family) or scrypt it uses 11 rounds of different hashing functions.
The main reason for X11, was to duplicate the maturation cycle of the mining economy,
which was originally important to Evan Duffield.
According to Coinmarketcap, Dash is the fourth among cryptocurrencies in terms of market capitalization (calculated as the price multiplied by the overall number of coins in turnover). At the moment of writing, the Dash price equals $6.5 with the market capitalisation of over $200,000.
With Dash fees are much lower than banks or credit cards; often even there is no fee - you don't get charged a lot to use your own money and you can send micro-payments anywhere in the world.
Digital currencies solve many inefficiencies in the financial system, such as facilitating international money transfers and electronic payments for small amounts (for which credit cards are wire transfers are prohibitively expensive). Digital currencies bring people together in a world that is rapidly cutting distances and allows for more international interaction independent of a person's location or local currency. Because fees are low or non-existent, it enables the transfer of micro-payments for services that would otherwise make little sense leveraging higher-cost money transfer systems.
Buy & Sell Bitcoins, Litecoin, Doge, DASH, ETH for USD, RUR, EUR.
You can transfer money anywhere, to anyone who has a Dash wallet. These transfers can't be tracked or blocked by third parties.
Dash's future looks promising and the Dash network provides many features which are very useful for people around the world. Being an early adopter gives rise to the possibility that your Dash holdings could grow in value over time. There is, of course, always a risk of price fluctuations, but Dash has proven to be very stable when compared to other crypto-currencies.
Until now, you were totally dependent on banks to transfer your funds. They have the power to block your account, devalue, or even confiscate your money. Now you have a choice - with Dash all your funds are controlled by your personal wallet and all money transfers are controlled and verified by a distributed network. The decentralized network of users worldwide gets rid of the need for intermediaries and their fees.