We are happy to announce that Trust Wallet app can now be used as a Dash Wallet to store your Dash (DASH) tokens. Starting today, you can easily and securely receive and send your Dash crypto assets from the convenience of your Trust Wallet mobile wallet.
You can enable the new assets by tapping on the plus sign in the upper right corner then tapping once more on the slide bar next to Dash
What Is Dash
Dash is an open-source, peer-to-peer cryptocurrency with a strong focus on the payments industry. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent securely both online and in person with only minimal transaction fees. Based on the Bitcoin project, Dash aims to be the most user-friendly and scalable payments system in the world.
How Does It Work
Dash, like Bitcoin, is based on a decentralized ledger of all transactions, known as a blockchain. This blockchain is secured through a consensus mechanism; in the case of both Dash and Bitcoin, the consensus mechanism is Proof of Work (PoW). Dash works a little differently from Bitcoin, however, because it has a two-tier network. The second tier is powered by masternodes (full nodes), which enable financial privacy, instant transactions, and the decentralized governance and budget system.
Decentralized Governance by Blockchain (DGBB)
Governance in a decentralized project is difficult because by definition there are no central authorities to make decisions for the project. In Dash, such decisions are made by the network – that is, by the owners of masternodes. The DGBB system allows each masternode to vote once (yes/no/abstain) for each proposal. If a proposal passes, it can then be implemented (or not) by Dash developers. The masternode system is referred to as Proof of Service (PoSe) since the masternodes provide crucial services to the network. In fact, the entire network is overseen by the masternodes, which have the power to reject improperly formed blocks from miners.
Our team has been very busy these past weeks with the release of three new coins (Bitcoin, Litecoin, and Bitcoin Cash) and some necessary UI and UX improvements. We also had to iron out some bugs in our Android release, but everything looks to be smooth sailing from here on out. Going forward, we will monitor the performance and stability of our Dash release very closely, and if everything works well, hopefully we can surprise you with more new coins in the coming weeks!
Join Our Trust Wallet Beta Program
Because of the help of our active and engaging beta user community, we were able to fix the latest Android bug in such a short time. If you like to be actively involved in our development process and if you want to make sure you are always using our latest release, which can include latest hotfixes and features, we want to encourage you to sign up for our Trust Wallet beta program.