DASH, Digital Cash, is an alternative coin launched to overcome the shortcomings of Bitcoin. Dash is peer-to-peer decentralized electronic cash which is built on Bitcoin’s core with advanced features enabling security and quick transactions. It is open-sourced and has its own blockchain, wallet infrastructure and community, with negligible transaction fees.
Dash has a variable block reward that decreases by 7.1% every year. The average time for mining on dash blockchain is 2.5 minutes, which is four times faster than Bitcoin. Dash’s unique features include – PrivateSend which allows the users to send secure transactions amidst others, InstaSend – that lets you transact within 1.5 seconds and Master nodes that are responsible for PrivateSend and InstaSend. It also uses 11 rounds of a hashing algorithm.