Dash is a digital cash cryptocurrency which facilitates fast and secure transactions with its two-level network featuring master nodes that enable privacy features like InstantSend and Privatesend.
Features that set Ethereum apart from other cryptocurrencies include its decentralized governance structure that is self-funded and incentivized by both Master nodes and Miners.
What is Dash?
Dash is a cryptocurrency focused on speed and privacy that allows its users to make instant, anonymous payments across the world. Created by Evan Duffield in 2014 as XCoin before being rebranded as Dash later that same year.
Like Bitcoin, Ethereum utilizes a blockchain to record transactions. But unlike its counterparts, Ethereum stands out by featuring several unique elements. For instance:
First and foremost, Bitcoin offers complete privacy with its PrivateSend and InstantSend payment systems, and has coin mixing features through Masternodes that help make transactions nearly untraceable.
Masternodes provide standard node functions while also acting as shareholders of Dash ecosystem. Finally, Dash boasts a faster transaction speed than Bitcoin with just four seconds for payments to confirm, making it popular as an online payment solution. Furthermore, its highly scalable nature has seen applications developed using this cryptocurrency powering medical, finance and energy sectors applications.
What is DSH/USD pair?
The DSH/USD pair, one of the most widely traded cryptocurrency pairs on the market, reflects the price of one Dashcoin relative to US Dollar. If you believe Dash will appreciate against USD, go long/buy; conversely if it decreases, short/sell.
Dash is a decentralized digital currency designed to address some of the shortcomings associated with Bitcoin. It primarily serves fast and private transactions through a network of Master Nodes; all Dash coins are equal and fungible with transaction fees less than half a USD per transaction.
Please be informed that three cryptocurrency pairs – DASHUSD, XRPUSD and BCHUSD – have been added to Pro and Zero accounts with maximum leverage of 1:1000 available for trading.
How to trade DSH/USD?
Dash was first launched in 2014 as a fork of Bitcoin that prioritizes speed and privacy. Users mine coins using an algorithm while mining master nodes authenticate transactions for faster transaction speed; Dash is also noted for lower fees than many other cryptocurrencies.
The DSH/USD pair provides you with the ability to trade the price movement of DASH against USD, one of the world’s most widely recognized currencies. You can trade this pair using NAGA platform’s advanced charting features; its value can be affected by various factors related to DSH such as US Federal Reserve monetary policy changes and cryptocurrency industry news; however trading carries significant risk and may lead to financial losses.
DSH/USD technical analysis
Dash was designed to address some of the major drawbacks of Bitcoin, including speed, costs and privacy. Today it remains one of the most popular cryptocurrencies among merchants worldwide.
Bitcoin stands out from other digital currencies with its lightning fast transaction speed – typically completed within four seconds! Furthermore, its lower fees than Bitcoin make it more cost-efficient.
Privacy is another feature gaining increasing traction among users, using the X11 algorithm and CoinJoin mixing to obscure transactions, making it hard to track who is sending or receiving money.
Masternodes, computer servers used for authenticating transactions and speeding them up, are an integral component of Dash security and give the cryptocurrency its secure character in the digital currency field. Admirals offers up to 1:20 leverage when trading Dash CFDs at Admirals; please be aware, however, that trading Dash CFDs involves risk to your capital.
