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.
Dash faucet is a reward system, in the form of a web site or online apps, that give away Dash in the form of a dashies, which is a hundredth of a millionth DASH, for visitors to claim in exchange for complete a captcha or task as described by the web site. There are also other faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various intervals of time. Dash faucets usually give away fractions of a Dash, but the amount will typically fluctuate according to the value of Dash.
Dash Faucet is a great way to help introduce new people to Dash, or to your favourite cryptocurrency. Many faucets provide information to newbies as well as offering them some free dashies so that they can try before they buy, experimenting with a test transaction before put real money on the road. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.
It is important to note that faucets are not a get rich quick scheme, as the reward amounts are typically quite small and change according on the value of DASH/USD at any given time. Because of this, many users who join a Dash faucet allow their total earnings to build up over time until they are ready to have a larger payment sent to their wallet. Typically, users get involved with faucets because they have a desire to understand more about the cryptocurrency niche and are excited at the prospect of earning free Dash. It’s also a no stress, no-risk way to get started in the crypto industry without have to spend any of your own money on high risk investments.
Many people have noticed how Dash has been growing and has made a handful of lucky people a lot of money. So, why do Dash faucets just give away free dashies? Are they just being generous and kind? The truth of the matter is that by rewarding users with dashies, faucets receive revenue. How so? Banners Ads! Many of the most popular and successful faucet sites host a lot of ads. Whether the ads are PPC (pay-per-click), CPM (cost-per-mille), or just there, chances are the site is making a big money just by having advertisements on the page. In addition to ads, faucet sites might also have affiliate links that can allow earn free Dash if users follow the link and sign up for or buy something.
Unfortunately, it’s common for Dash faucets to be totally overloaded with advertisements to the point that they interfere with the user experience. For the time being, though, this is one of the trade-offs of getting a few free dashies. In addition to educating new users about Dash, some web sites choose to utilize Dash faucets for different reasons, including to boost web site traffic and revenue. Typically, Dash faucets attract high web site traffic. That being said, if a business or web site has other services or content to advertise to Dash users, a high traffic faucet is a good way to get the word out and get more people familiar with a company or a brand. Depending on the content being promoted, a web site can also generate income, something that is difficult to achieve in the incredibly competitive niche.
So, you have decided to give Dash faucets a try and are racking up Dash. Where does it all go, and what can you do with it? For beginners, every Dashies earned by complete faucet tasks gets deposited into your wallet, known as a secure digital account, protected with your own private keys. In simple terms, your Dash wallet functions like your traditional wallet or bank account, and all your private keys can be linked directly to your personal account. For added security and to cater to a wide array of individuals, there are a few different types of wallets to choose from, including desktop, mobile and online wallets. It really depend to personal preferences. And what about micro-wallets?
A micro-wallet is version of a traditional Dash wallet that allow users to collect small amounts of Dash before transferring out to your own wallet as the fees for transferring small amounts of DASH will cancel out anything earned. Sometimes, when faucets pay tiny amounts of Dashies, it will be deposited to a user micro wallet provider. From a user’s perspective, there are no extra steps to go through to get a micro wallet. In fact, one micro wallet is automatically created when a user creates an account with a Dash faucet. It’s very important to note, however, that micro wallets have limits of anywhere between 10,000 and 20,000 Dashies. Once that limit is met, Dashies will be paid out to a user main Dash wallet.
Like almost everything on the internet, Dash and cryptocurrency faucets make revenue with Dash advertising. The more people that visit the web site or online app, the more advertising revenue the faucet can make. The difficulty for the numerous Dash faucets is attracting people to begin with. The “best” faucet sites offer the users something do other than clicking a “Claim” button and closing the tab. Some faucets use browser games to boost users engagement, while others offer spin the wheel type contests with payout boosting prizes to allure potential and existing users. Others offer gambling games where users can stake their earnings against the site in the hope of winning more. Unfortunately, some sites use cryptocurrency mining scripts that hijack visitors CPU to mine free cryptocurrency. The majority of sites using scripts of this kind are cryptojacking: stealing your CPU and electricity to earn cryptocurrencies. That said, there are some that use only a small amount of your CPU, and some may even offer the option of turning on the script.