DASH
The owner / controller of the @dashpay account on Hive attended HiveFest in Croatia, and met with several members of the Hive Community who did presentations there, including our own Inleo founder @khaleelkazi
After attending Hivefest the @dashpay Hive members decided to start posting on Hive again, after a multiple year absence.
An added bonus was that after looking at the features of Inleo they decided it was a perfect fit, because Inleo has a platform for all three types of content the @dashpay organization creates.
While the OGs here probably remember Dash Cryptocurrency Token, some of the newer members of our community may not know who they are. So I have prepared a short introduction to Dash:
Dash is a digital currency that aims to be a user-friendly and scalable alternative to fiat currency for everyday transactions. Here are some key features of Dash:
Instant transactions: Dash offers instant transaction confirmation and micro-fees.
Privacy: Dash offers optional privacy that's similar to physical cash.
Decentralized: Dash is a decentralized autonomous organization (DAO) run by a subset of its users, called "masternodes".
Two-tier network: Dash uses a two-tier network structure that allows miners and Masternodes to run together.
X11 algorithm: Dash uses the X11 algorithm, a chained proof-of-work (PoW) algorithm that's considered one of the safest and most sophisticated cryptographic hashes in use by modern cryptocurrencies.
Dash can be used as cash, credit card, or via PayPal, and is accepted at more than 159,000 merchants globally.
Sources and Source
Dash Fame and fortune
- Dash was one of the high fliers 2 bull markets ago, reaching 1000 dollars a token, and a Masternode required 1000 tokens or a million dollar investment.
- Dash was one of the most profitable Masternodes you could run at one time.
- For those of you who don't understand the term Masternode think of Bitcoin nodes or Bitcoin miners; people who download a bitcoin wallet, but go the extra steps to download an entire copy of the Bitcoin blockchain to a special purpose built computer, more like a server, but I digress. Then you are basically using the Dash software and your computer to validate transactions. Dash miners do that, and Dash Masternodes go another several steps further and lock up 1000 Dash tokens in their Masterbode, serving as the second line of defense against attemtps to attack the Dash network and both miners and masternodes earn a dedicated share of the Dash minted everyday.
- Any how, lets move on.
Dash was Fast Cash
- Dash began it's life as X-coin, then Darkcoin and then Dash to emphyasize it's similarity to Cash and the speed of it's transactions.
- Speed, cheap transaction costs, privacy, decentralized organization running it.
- Dash checked all the Rebel Buttons back in the day. In less colorful English that means: It fulfilled all the criterion that people escaping the fiat system were looking for when cryptocurrency was young.
- Dash was ahead of it's time in many ways with the Decentralized Autonomous Organization, Decentralized Miner network and Masternodes, along with the PRivacy options, it was very, very popular, and to a certain degree it still is, but like many projects it has gotten lost in the sauce of the 4000 tokens and growing everyday in the cryptocurrency universe.
- Unfortunately, unless you know what your looking for, it's hard to find the real gems of cryptocurrency.
Dash is the original Proof of Work money token, while Hive is Delegated Proof of Stake.
- Hive and Dash have vastly different concensus mechanisms, defined here as the way we validate transactions on our blockchain.
- And while Dash is money, I think the two comunities may be complimentary instead of competitive.
- Dash has far more exchanges carrying the token, and Hive is more focused on Social Media and various platforms for creating short form, long form and video content.
- I am looking forward to see members of the Dash community on Hive, and I suspect some of our members will become active with Dash.
A bridge has already been built between Hive and Dash blockchains, it's Leodex.
- Inleo and @khaleelkazi have already provided a monetary connection between Hive blockchain and Dash blockchain, as the Leo token Arbitrum Leo and Dash are both available on cacaoswap, and since Leodex is a Hive agregator you can trade Hive for Dash there in a simple one step transaction and let the Leodex software do all the hardwork of the 4-5 intermediate cross chain swaps.
Read more at www.dash.org
- You can learn more in general at the above link or just go to their Hive account @dashpay and ask questions. I am sure they would love to answer questions about Dash, Dashpay, the distribution of Dash and other things.
Read also this post:
https://inleo.io/@shortsegments/dash-and-leodex-create-another-path-to-cash-out-your-hive-a8e
Posted Using InLeo Alpha
Dash Token Content Creators back on Hive!
@dashpay
#dashpay
Dash Token Content Creators back on Hive!
@dashpay
#dashpay
Fantastic post.
Clear as a bell.
Valuable content.
I loved hearing about Dash at HiveFest! 🇭🇷
Thank for your kind words.
I envy you that you went to Croatia.
I hope to attend the next one.
#hive #posh
Thank you
This is a great news. Welcome back DASH. DASH is a project that I don't know well. I started to learn more about this cryptocurrency
I think it’s great news too.
Dash is a pretty famous project and being able to swap for Dash via LeoDex and vice versa is a good thing.
Plus swapping to Dash is similar to swapping to Bitcoin in its usefulness as a currency and the ease of converting it to your countries currency.
All good things I think.
Delted