The Dash blockchain is built on an expanded version of Bitcoin’s technology. One of Dash network’s novel features is something called Masternodes. Without getting into the technicalities, suffice to say that Masternodes enable Dash’s transaction speed and privacy benefits.
Below is a list of adjacent distinctive characteristics that make Dash highly-sought-after:
InstantSend
This feature makes quick transactions possible by eliminating the “waiting time” challenges associated with most crypto transactions. Transactions that could take up to an hour with Bitcoin can be completed almost instantly (in 1.5 seconds or less) with Dash.
PrivateSend
With Dash’s PrivateSend feature, users can obscure the origins of a transaction and the participating parties’ identities. Consequently, users can conduct untraceable transactions through the network.
This anonymity is impossible with Bitcoin— Bitcoin transactions aren’t fully anonymous, although it’s popularly believed that they are. One can identify a wallet address and trace a Bitcoin transaction through the blockchain.
Decentralised Governance
Dash is a Decentralised Autonomous Organisation (DAO), which means that it is governed by the Dash user community, not by a centralised authority. This governance system enables it to make decisions faster than Bitcoin. Consequently, it can implement suggested improvements quicker and improve more rapidly.