Dash Technical Analysis for first investing
Dash Technical Analysis Features:-
Decentralization
To begin with, all decisions in the Dash community are made by a general vote. Everyone can propose a project to the community. The project will be discussed by all participants, after which the decision will be made by voting.
InstantSend
InstantSend provides instant transaction speed. It works on the principle of blocking entries only for a specific transaction, which is verified by the consensus mechanism. If the system notices conflicting transactions, then they are rejected and blocked.
There are times when consensus cannot be reached. Then the standard block confirmation algorithm is responsible for confirmation. Thus, Dash has solved the problem of double-spending. And this decision does not require a long wait, as happens, for example, with bitcoin.
PrivateSend
To ensure anonymity, Dash uses the PrivateSend payment mixing technology provided by Masternodes servers. The technology is based on CoinJoin. Over time, the method was built into the client program and also improved.
The current version of the system increases the anonymity of transactions by combining logins from multiple users into a single transaction. Such a transaction has several outputs. This approach hides the flow of funds and also virtually eliminates the ability to track specific transactions. According to unconfirmed reports, the hierarchical list mechanism can be used to bypass the protection mechanism, but this possibility has not been supported by practical evidence.
PrivateSend works in stages:
- Pre-denomination. This is a process when all payments are split into parts, which eliminates the possibility of tracking for specific amounts.
- Each part of the payment goes through the stages of anonymization.
It is important to note:
- Only parts are anonymized, not the entire amount.
- The shuffling master node changes at every stage.
- Parts are mixed only if they match in volume.
After mixing, the owner receives the amount to the new anonymous addresses. Mixing takes place in advance, so there is no need to wait for this process.
Masternodes
Masternodes are special servers designed to provide a mixing mechanism in PrivateSend technology. Masternodes are decentralized and run by a community of volunteers.
Dash Coin, In theory, there could be a scenario where most of the master nodes on the network are run by a fraudster who wants to expose the anonymity of transactions. In this case, there is a limiting factor: for each connected master node, a deposit of 1,000 Dash is required. But there is a reward for the work of volunteers: 50% of the miner’s reward for the mined block. Download Math Type 7 Crack
InstantSend
The speed of transactions is ensured by the “InstantSend” service. It only blocks entries for a specific transaction verified by a consensus mechanism on the Masternode network. Payment confirmation is possible using the standard InstantX mechanism – this allows you to reduce the time spent on confirmation.
There are times when consensus cannot be reached. Then the standard block confirmation algorithm is responsible for confirmation. Thus, Dash has solved the problem of double-spending. And this decision does not require a long wait, as happens, for example, with bitcoin during the dash to BTC exchange.
X11
The X11 system is the application of a chain of eleven different hashing functions for proof of work. It is a set of 11 hashing algorithms such as cryptographic hash function, etc. Introduced to make it difficult to use specialized mining hardware. The use of this technology reduces the costs of miners, extends the service life of the equipment, and reduces the efficiency of using special equipment.