What is Dash (DASH)?

DASH is the native token of the Dash (Digital Cash) blockchain. It is an open-source decentralized cryptocurrency that works to provide a fast and cheap global payment network. Inspired by Bitcoin and its whitepaper, it focuses on providing fast and secure transactions. It was founded by two software developers Evan Duffield and Kyle Hagan and launched in 2014 as Xcoin. Later, it was renamed Darkcoin before it got its current name. It works on a two-tier network that includes "master nodes"" which are composed of a section of its users. The InstantSend feature of DASH allows users to transfer DASH tokens without waiting to be verified by its blockchain. Another feature, PrivateSend of Dash uses a mixing service to send transactions that obscure the trail of the original transaction. DASH has a maximum supply of 18,921,005 tokens.

How does Dash work?

DASH is able to perform with improved efficiency due to its two-tier network structure. Its one-tier works on a proof-of-work consensus mechanism called X11 where the new token is mined by solving a complex problem. The other tier of the DASH facilitates a proof-of-service consensus algorithm that uses "masternodes"". These masternodes are responsible for the InstantSend and CoinJoin features of DASH. Whenever a transaction comes to masternodes, it verifies the authenticity of that transaction and locks it for a few seconds to add it to the blockchain. Between these seconds, these funds can't be spent again. This way, it enables faster yet more secure transactions. Anyone with 1000 DASH coins can be eligible to operate a masternode. Whenever a new block is generated and added to the blockchain, it creates rewards. Every reward is distributed in three parts - 45% to miners, 45% to masternodes, and 10% to Dash's governance budget.

DASH is able to complete a transaction in seconds. Bitcoin transactions, on the other hand, take considerably longer. The transaction fee in DASH which ranges from $0.01 to $0.02 is also lower than that of Bitcoin.

How to Buy Dash in India?

There are many exchanges where you can invest and trade DASH in India.

One such platform is Flitpay. To buy DASH in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, make sure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy DASH, and execute the DASH purchase.

You can instantly convert your INR to DASH and DASH to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After I Buy Dash?

DASH tokens can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold DASH till it reaches a high price and then can sell it through the Flitpay OTC order facility. Users can earn significant profit from buying it at a lower price and selling it at a higher price.

FAQs

What is Dash (DASH)?
Dash is the native cryptocurrency of the Digital cash (DASH) blockchain that focuses on becoming a viable alternative to fiat currency as a medium for everyday transactions.

What is the Dash (DASH) price in India?
Check out the current INR price of DASH crypto in India on Flitpay.

Which is the best platform to buy Dash in India?
The best crypto exchange in India to buy DASH or your favorite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

What are the Benefits of Dash (DASH)?
DASH works on a two-tier network to provide faster and more secure transactions. Its InstantSend and PrivateSend features allow users to transfer DASH faster with a highly safe method of obscuring the trail of the original transaction.

Is it safe to invest in Dash (DASH) in India?
Yes, investing and trading in DASH crypto is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges to invest in DASH. It offers the most real-time prices and advanced investing features