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Dash is an open source cryptocurrency was launched by Evan Duffield in 2014. Dash is block chain technology. Dash is a form of decentralized autonomous organization (DAO) run by a subset of users, called "masternodes".
Method of functioningThe method of functioning is through master nodes where each note is equal. Master nodes provide two additional kinds of transactions.
• InstantSend service allows you to send your Dash transactions instantly. InstantSend requires a consensus of master nodes to validate a transaction and speeding transactions.
• PrivateSend allows you to send your funds privately by mixing it in between several other transactions, making it hard to identify any specific transaction. It uses a coin mixing service. This is an optional privacy feature which the user may want to use is intended to make transactions untraceable.
Dash cryptocurrency offers a secure way to transact without the need of any third-party; offers a secure option by making this process decentralized.