Dash is an international cryptocurrency with the intention of making digital cash more usable, launched as a fork of Litecoin in January 2014. It features a two-tier network featuring incentivized nodes (known as Masternodes) that provide rewards for participating in its network, and decentralized project governance.
Bitcoin offers faster transaction speeds and lower costs. Furthermore, Litecoin also provides greater privacy options for transactions.
Price
Dash is a cryptocurrency designed to maximize speed and privacy. Transaction times are substantially faster than Bitcoin’s while fees are considerably lower; additionally, PrivateSend gives users the ability to send and receive transactions anonymously.
Dash’s exchange rate against USD can depend on numerous factors, including market supply and demand as well as Federal Reserve monetary policy. When Dash value rises against the USD it indicates an increasing popularity for this cryptocurrency.
Cryptocurrencies such as Bitcoin have seen intraday bullish pressure but remain below their previous high of $1247. Analysts predict that their price will climb until reaching resistance level $200 before possibly correcting down to support level $160 as part of wave B or even wave C of their progress.
Wallets
Dash has emerged as one of the leading cryptocurrencies on the market due to its outstanding privacy and security features. Its blockchain has been encrypted to ensure users’ personal information remains confidential, while transactions are instantaneous and free.
There are various wallet options for Dash available today, such as mobile, desktop and hardware wallets. Mobile wallets offer decent security while remaining easy to use; hardware wallets provide additional protection by being offline storage devices that prevent malware attacks on cryptocurrency.
Another popular Dash wallet is Electrum, an open source program you can download and install onto your computer. Compatible with all major operating systems – including Windows, Linux and OSX – as well as many cryptocurrencies except InstantSend/PrivateSend features of Dash, Exodus offers simple user-interface with high data security for desktop wallets like Dash.
Transactions
Dash is a digital cash system that enables users to instantly transfer funds online and pay for goods and services instantly, offering speed, cost efficiency, and privacy features that have earned it a unique place among cryptocurrencies.
Bitcoin Cash is an open-source alternative cryptocurrency platform which is built upon its source code and utilizes a two-tier network consisting of Masternodes that receive incentive payments as well as decentralized project governance. Furthermore, InstantSend enables payments to be confirmed in 2.5 minutes instead of the 10 required by Bitcoin and PrivateSend provides additional optional privacy for transactions.
On the 4h chart, DSHUSD remains under strong intraday bullish pressure and could reach the end of its five-wave impulse pattern if June highs are broken through. We should however remain wary of potential deeper corrections to the downside in wave 5; such an event would be signalled by breaking below both Ichimoku Kinko Hyo Cloud and support area at level 320.
Privacy
Dash (Digital Cash), launched as a fork of Litecoin in January 2014, focuses on creating an efficient global payments network at low cost while decentralized project governance. This cryptocurrency aims to address some of the shortcomings inherent in Bitcoin such as faster transaction times and increased privacy.
Dash coins are equal and fungible, meaning that they can be transferred between wallets without risk of fraud or cancellation. Backed by master nodes and an immutable blockchain that cannot be modified or deleted, Dash features a unique governance structure which distributes 45% of new coins to miners while 10% goes directly towards development teams.
Users connected to Dash Services are the data controllers under GDPR for any Personal Data that they connect, determining its collection, use and sharing via or via the Service. Dash cannot be held liable for how Users handle, disclose or utilize this personal information.
