Benefits of Accepting Dash Coin
Benefits of Accepting Dash Coin
There are many benefits of accepting Dash coin. A few of them are listed below.
Two-Tier Network: Dash’s masternode servers are secure, always on, and capable of delivering several network services. Masternodes also allow for new services to be introduced into the network. What this means is that Dash can constantly upgrade itself, be relevant to future needs, and remain robust.
Economic Incentive Concept: For most people, this is one of the biggest reasons to adopt Dash coin. The concept ensures that advanced users (masternodes) get paid 45% of the reward on every block. Typically, every three to four days, each masternode gets paid one Dash. In addition, masternodes also earn fees whenever someone uses their services.
Low Transaction Fees: Dash transaction fees are just short of being free. In fact, the Dash median transaction fee is currently about $0.07. This is far lower than the transaction fees charged by credit cards, banks, and other services like Moneygram International Inc, The Western Union Company, or Paypal Holdings Inc.
Instant Payments: A unique decentralized technology called “InstantX” enables Dash users to confirm a completed transaction in less than four seconds.
Extreme Privacy: Dash gives a lot of importance to financial privacy. All Dash users can make transactions in such a way that no one can link the identity of a user with a particular transaction or address.
Upgradability: A set of well-defined mechanisms are in place to help users submit proposals to their network for improved services. This facility gives users the option to assess their needs and request changes.
Personal Wallets: All the funds in Dash are controlled by personal wallets, and all money transfers are verified by the distributed network. This eliminates intermediaries and their fees.
Advanced Security: The Dash network employs advanced encryption and is, therefore, very secure. A source code adds to the security, safety, and independence of the system.
Global Transfers: Dash wallet users can transfer funds anywhere in the world, without third parties being able to block or track the transfers. This allows for international interactions that are independent of the people’s locations and the local currencies. (Source: “Dash – Best Cryptocurrency For Instant Private Payments Online?,” BitcoinExchangeGuide, last accessed December 12, 2017.)
With so many benefits, it’s not surprising that companies accepting Dash are cropping up quite rapidly. If this trend continues, the list of businesses that accept Dash currency will soon be a very long one.
Benefits of Accepting Dash Coin
Reviewed by mir khaleq ali
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Reviewed by mir khaleq ali
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13:03
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Great..
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