Dash
There are so many privacy techniques, lets take a brief look at how each of them works from a higher level, looking at Zcash, Monero, Dash, Mixers (General)
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[00:00 - 00:16] In this lesson, we are going to look at Dash, which is a privacy centric cryptocurrency as described in the white paper. Dash is mainly different from Bitcoin in two ways. One is the Master node network and other features such as private send.
[00:17 - 00:36] The Master node network essentially works by people running nodes that are very powerful and they can process transactions much faster and much quicker. And to do that, they have to stake some of their Dash, which is described in the white paper as 1000 Dash.
[00:37 - 00:49] But we are more interested in how it provides privacy. So what we are going to look at is what is the private send. And private send is essentially an extended version of a coin join.
[00:50 - 01:05] So you can do coin joins with other people and you can chain them together to get even more inputs within a single transaction. But the problem is that the private send transactions are not very common in Dash.
[01:06 - 01:19] They are only 0.8% as of a study done a couple of years ago. And this is one of the problems, but it does provide reasonable privacy with coin joins.
[01:20 - 01:34] And you can read more about it. The hair, but essentially it's an improvement extended version of a coin join and it essentially does mixing. And we're going to take a look at some other mixes in the next lesson.
[01:35 - 02:00] But as we've learned in the previous lesson that coin join essentially takes multiple inputs from multiple spenders and combines them into a single transaction, hiding the true identity or true identity of a single spender. And this is a very useful feature and Dash actually makes it much more usable, music friendly.