Free Dash faucets are a reward system, in the form of a web site or app, that dispenses prizes in the form of a dashies, that is a hundredth of a millionth DASH, for visitors to claim in exchange for completing a captcha or task as delineate by the web site. There are faucets that dispense different cryptocurrencies. Rewards are distributed at various preset intervals of time. faucets typically offer fractions of a dash, however the amount will usually fluctuate in line with the value of dash.
Free Dash faucets are an excellent way to help introduce new people to dash, or to your favourite altcoin. several faucets offer info to newbies as well as offering them some free coins so they can try before they purchase, experimenting with a test transaction or 2 before putting real money on the road. Since this whole space is so new and a small amount scary to some people, who maybe don't quite trust it with their hard-earned money yet, this can be an excellent way to promote digital currency and attract new users.
Dash (DASH) is an open source peer-to-peer cryptocurrency that offers instant transactions (InstantSend), private transactions (PrivateSend) and token fungibility. It was rebranded from "Darkcoin" to "Dash" on March 25, 2015, a portmanteau of "Digital Cash". Dash operates a decentralized governance and budgeting system, making it the first decentralized autonomous organization. Dash uses a chained hashing algorithm called X11 for the proof-of-work. Instead of using the SHA-256 or scrypt it uses 11 rounds of different hashing functions.
The currency was launched in January 2014 as "Xcoin" by Evan Duffield, as a fork of the Bitcoin protocol. It is an altcoin and in its early days it was subject to pump and dump speculation. It was rebranded as Darkcoin, which received press from the media as being used in dark net markets. In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'. As of August 2016, Dash is no longer used in any major dark net markets worth noting.