Convert DASH to USD

The specificity of the issue is that it should attract not only miners, but also masternodes - special nodes with advanced capabilities. In this case, 90% of the remuneration received as a result of mining is distributed between these two groups. The remaining 10% is attracted to approved projects.

The date of creation of the DASH cryptocurrency and network is considered to be 18 January 2014. But initially its name was different - XCoin. Later, a rebranding was carried out - the coin was named Darkcoin. This designation turned out to be not accidental. Under the "dark coin" was meant the possibility of increasing the anonymity of the asset. In 2015, the name DASH was approved.

The founders of the network were IT specialists Evan Duffield and Kyle Hagan. The results of mining for the first hour after the start were crowned with the extraction of 500 thousand coins. It took another 7 hours for the next million to appear. Already after two days, 1.9 million DASH were mined. There is an opinion that such impressive results of instamain (mining at the earliest stages) are due to a bug in the code, which led to the incorrect distribution of the provided rewards.
The circulating supply now totals more than 11 million coins (with a maximum of 18.9 million).

1. PrivatSend — privacy 

To increase network privacy, the developers use the PrivatSend function. It is responsible for the denomination, anonymization, and payment mixing. It works in the following way:

1. A decentralized community of volunteers manages a certain number of master nodes.
2. The nodes are responsible for mixing the coins while processing a transaction. The nodes are randomly selected.
3. The number of shuffles can vary — traders specify it before starting transactions.

In this case, security is provided not only by mixing payments. Also, involving random master nodes helps to make it even safer. As a result, it is possible to significantly reduce the reveal of information about all the payments, exchanges, or transfers.

 

This function helps to speed up the confirmation of transactions. 

It is important to note that you have to use the same network to access these features. In terms of features and parameters, it is very similar to other standard options. The difference is the ability to improve anonymity and send transactions instantly.

 

3. X11 — alternative algorithm

DASH involves the use of multiple cryptographic algorithms — 11 hashing functions. The purpose of this technology was to reduce the cost to miners — in particular, the energy costs.

The main feature of sequential hashing is that it is considered to equalize the performance of both CPUs and GPUs. As for the latter, it may reduce costs by more than 30%. This approach helps save money but extends the use of the equipment as well.

DASH coin trading is available on the most popular crypto exchanges. The DASH/USDT trading pair can be considered the most active. You can store the asset in both hot and cold wallets. The best option to store and convert DASH is PassimPay, which offers users convenient and favorable conditions. It guarantees the safety of funds and allows access to assets at any time. Users get complete data security thanks to constant monitoring of users' IP addresses and login controls.