DASH

DASH – Highly Accepted Around Keene

Look for this sticker on local businesses’ doors in Keene!

What is DASH?

There are over 4,500 cryptocurrencies in the world as of December of 2019 and DASH (aka “Digital Cash”) is one of them, so why should you care?  Unlike the supermajority of other cryptos, DASH is designed with real-life use in mind and is accepted at multiple mom-n-pop businesses in downtown Keene and the Monadnock region.

What makes DASH different?  DASH was the first alternative to Bitcoin to introduce a governance structure.  Unlike Bitcoin (BTC), where 100% of the mining proceeds go to the miners, in DASH  45% goes to miners, while 45% go to the “Masternodes”, and 10% goes to a promotional budget that the Masternodes can vote on how to spend.  Masternodes are people who have locked up 1,000 DASH and provide certain services to the DASH network.

Most local merchants who started by accepting Bitcoin (BTC) are nearly all now also accepting DASH.  DASH’s confirmations are four times faster than BTC and the fees to send are usually less than a penny’s worth of DASH, so customers are happy to use DASH instead of slow, expensive BTC.