Cryptocurrency Spotlight: Dash
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We have a huge selection of cryptocurrency on Liquid-- but how do you know which ones to trade and why?
To help you make the best choice for your trading goals, we'd like to shine a light and help you understand one of the more seasoned leaders in the crypto community: Dash.
What is Dash?
Dash is a cryptocurrency launched in 2014 - and it has stood the test of time. Dash offers quick, easy and cheap payments for users across the world. In a world where many projects promise much and deliver little, Dash is a practical alternative to cash and credit cards, as well as serving the international remittances market. By cryptocurrency standards, Dash has a relatively large community of businesses that accept it, and the project is a leader in terms of real-world adoption.
Dash is notable for being the first blockchain project to implement the concept of masternodes. Masternodes run by the Dash community create a second layer on top of the mining layer, which works to validate activities on the Dash network. In exchange, 45% of block rewards are allocated to the masternode network. Dash's masternode technology enables multiple key features such as InstantSend, PrivateSend and more.
Send Dash instantly
One aspect of cryptocurrency usage that's never sat quite right with prospective users is the need to wait for confirmation of a transaction - whether it's a long or short wait, people are used to immediate affirmation or rejection of their attempted payments. InstantSend is a new technology from Dash that means transactions can be finalized on a timescale on the order of 1-2 seconds.
Dash can do this thanks to its masternode network, which verifies that a transaction's allocated funds have not yet been spent, then locks the funds in until the transaction is complete. After the 1-2 second period, the recipient of the funds can spend them immediately without any uncertainty over whether the transaction has been fully completed and accepted by the blockchain. This technology allows Dash to compete with traditional point-of-sale infrastructure, an achievement that many cryptocurrencies aspire to.
Shield your Dash transactions
Dash also features anonymity elements such as PrivateSend. PrivateSend allows users to mix their Dash through various network participants, obfuscating the origin of funds in a given transaction - empowering users to trade and transact anonymously so that their finances remain private.
Trading Dash on Liquid
Liquid currently offers the DASH/BTC trading pair. Users can harness Dash's lightning-fast deposits and withdrawals, as well as benefiting from zero withdrawal fees. Simply make a deposit via crypto or bank transfer and try it now- stay posted for some upcoming news from our partnership with Dash!