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Dash is an open-source cryptocurrency launched in January 2014 as a fork of Litecoin, designed to provide a fast, cheap, and decentralized payments network. It enhances Bitcoin by incorporating features like a two-tier network with masternodes, InstantSend for instant transactions, ChainLocks for blockchain immutability, and PrivateSend for optional transaction privacy. Dash aims to be a user-friendly and scalable digital cash solution, boasting instant transaction confirmation, double spend protection, and a self-governing model with a clear roadmap for future scalability. Its architecture allows for significant improvements in transaction speed, privacy, and governance compared to Bitcoin.
Proof of Work and Proof of Stake