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What is Dash?

What is Dash?

Dash

DASH

What is Dash (DASH)?

Dash, (DASH) a cryptocurrency that’s known for its criminal reputation has come a long way in recent years. Much like Monero, this privacy-focused cryptocurrency has drawn a lot of criticism for being a convenient tool for cybercriminals looking to stay anonymous. However, there are a wide variety of benefits to Dash as well like fast transaction times, top-level security, and privacy.

Dash is a cryptocurrency designed for sending and receiving payments. It often draws comparisons to that of Bitcoin (BTC) and that’s because it’s built on top of the same blockchain technology that Bitcoin uses. That being said, many DASH investors say Dash is better than Bitcoin due to its increased speed and privacy. The “secret sauce” behind these features is an innovative model using “Masternodes.”

Unlike the Bitcoin blockchain that uses miners to verify all transactions on the blockchain, Dash users miners and also a second part -- Masternodes. Masternodes are advanced servers that maintain the primary functions on the Dash network. Masternodes take care of instant transactions, private transactions, and the governance/treasury system on the network. To become a Masternode, then a user must first deposit 1000 DASH. 

Masternodes get 45% of the total reward from mining DASH coin, with another 45% going to miners and then 10% going back to the DASH network as sort of a maintenance tax. These “taxes” operating on a self-governing model. Unlike Bitcoin, Dash funds itself with this money and makes additional improvements on DASH tech. 

What is the Dash price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate Dash price and charts. 

Where to buy Dash?

The easiest way to buy Dash is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.

How to earn interest on Dash?

The best way to earn interest on Dash is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to take a loan with Dash?

You can get a loan with Dash in stablecoins by depositing your Dash as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later. 

How to trade Dash?

Leverage market volatility to stack your crypto portfolio and trade Dash with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today.

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