Dash is another reputed cryptography system whose operation works on blockchain system. A decentralized community controls it and works as a private currency.

What is Dash?

Since it makes use of blockchain database, this cryptocurrency is quite similar to Bitcoin. The working of Dash is governed and controlled by the Masternode owners who are the creators of this cryptocurrency. Dash was formerly known as Darkcoin.

What are the Advantages of using Dashcoin?

There is a wide range of benefits while using this cryptocurrency and the important ones are:

  • Recognizes the Economic Incentive Concept
  • Low Transaction Fees
  • Instant Payments
  • Provides Extended Privacy
  • Two-Tier Network
  • Personal Wallets
  • Advanced Security
  • Ability to Transfer Globally
  • Easy International Trading
  • New Global Opportunities Coming

Are there any Disadvantages in using Dash?

This cryptocurrency has few flaws. They are: Only 19,000,000 coins as fixed count; not many users and business merchants; Dash keyword is not purely associated with cryptocurrency as several companies use it. It is a demerit as compared to Bitcoin. Hence brand recognition is lacking; and there are other cryptocoins available that have a striking resemblance with Dash.

What Online Casinos Accept Dashcoin?

There are only two currently: FortuneJack and CryptoGames.