Dash has one of the largest number of merchants and service partners that it numbered to a reported 4,800+ at the end of 2019.
Dash is able to speed up transaction speed of up to 1-second when utilizing coin and other traditional online payment platforms.It is listed in more than 200 exchanges globally.
Alt Thirty-Six (Alternative 36, inc.) is the first e-commerce payment system partner for Dash, offering to accept DASH as payment for the legal cannabis industry in the United States.
Transactions for Bitcoin takes too much time, making it not ideal for day-to-day transactions. In an effort to fix that issue, Duffield created a fork from the Bitcoin code and made his own, and finally, on January 18, 2014, he launched Dash (formerly Xcoin at that time).
With Dash, transaction speeds are faster and are more secure thanks to the exclusive database from the crypto. This presents a great opportunity for regular individuals and small businesses to use the coin as a means of exchange if they want to ensure the utmost security with the use of crypto.
Dash is designed with an 18 million coin cap, and currently, 7.85 million are in circulation which is currently valued at $73.75 per coin
Dash stands out among other cryptocurrencies because of its Masternodes. These full nodes are running on P2P networks allowing owners to receive updates within the network. A master node operates within the set requirements of DASH. For one to own a master node, one has to be heavily invested equipment-wise, aside from owning at least 1,000 DASH.
Masternodes operate similar to remote servers, for its services, they get paid in dividends corresponding to their investment. The system has set the reward for master nodes equivalent to 45% of the block reward.
Another standout feature of Dash is the PrivateSend which maintains transaction privacy by merging similar transactions before sending it to multiple outputs. Amalgamated multiple transactions remove the ability of others to track the coin flow, thus privacy is kept.
InstantSend is probably the most desired feature of Dash. This feature addresses the long transaction times of Bitcoin, making Dash transactions, almost instantaneous.
This is made possible because of the Masternodes who take part in making the network up and running. It only needs at least 10 master nodes to be online for a mined block to be verified, making them the InstantSent authority at the time a block is mined.
Aside from a speedy transaction, the InstantSend authority ensures that double spending has not occurred, maintaining the security of transactions as well.
Through the years, it has undergone some rebranding until it took the name Dash, which is a portmanteau of "digital cash".
Dash is also a decentralized autonomous organization (DAO) that is currently run by users who own master nodes or those who have ownership of at least 1,000 DASH.
Dash earmarks 10% of its block rewards for future developments and improvement of the system.
Dash is very much active in the synergy between cryptocurrency and fiat currency. In fact, Singapore based wallet TenX has created a mobile app and a debit card for this purpose.
Dash probably is the most aggressive cryptocurrency that is always taking active steps of having DASH accepted in mainstream day-to-day transactions.