Dash is a cryptocurrency designed to make digital cash more usable, offering fast transactions and privacy-protected services.
Instead of Bitcoin’s 10-minute transaction times and small transaction fees, Dash transactions can be instantly confirmed and paid with just a minimal transaction fee.
Dash’s unique governance system enables changes to be implemented without the need for hard forks, thanks to Masternodes, a decentralized network of incentivized servers; Instantsend, and Privatesend features.
What is Dash?
Dash is a global decentralized cryptocurrency with privacy features similar to cash. The InstantSend feature ensures secure, private transactions. In terms of payment viability, Dash stands up well against Bitcoin as it’s not completely fungible (i.e. equally interchangeable globally).
Dash utilizes the X11 algorithm for mining coins, which is a variant of proof-of-stake. Furthermore, CoinJoin mixing scrambles transactions on its blockchain. Anyone owning 1000 Dash may run a masternode which supports various features within Dash.
Cryptocurrencies may not always be safe investments, but Dash has proved itself during the recent market crash to be resilient. It has a large following among crypto enthusiasts and provides secure value storage. With its unique features and anonymity it makes Dash an attractive alternative to other currencies – it can even be stored on flash drives and transferred instantly online!
What is the price of Dash?
Dash prices tend to fluctuate widely depending on a range of factors that influence it, including demand, size of payment network and overall economy. Dash’s value often experiences surges of enthusiasm that lead to an upswing, before subsequent drops as people lose interest or doubt its future viability.
Dash first appeared in January 2014 under its original name of Xcoin and later DarkCoin before changing to Dash in March 2015. Its purpose is to provide fast and cheap global transactions while offering optional privacy features. It features both regular miners as well as Masternodes that execute high priority transactions – each Masternode requires 1,000 Dash tokens to operate – with each Masternode costing 1,000 Dash tokens in order to operate effectively. Currently it ranks 77th on Coinbase among tradable assets with current hourly charts showing five wave impulse movements potentially reaching up towards $370.
What is the market cap of Dash?
Dash (DASH) has quickly made a name for itself in the world of cryptocurrency. Offering faster transaction speeds than Bitcoin and lower transaction fees as well as additional security features.
Ethereum uses a hybrid proof of work and masternode system to process transactions, with mining providing security while masternodes allow users to earn rewards while participating in decentralized governance processes of the network. A minimum deposit of 1,000 DASH is needed in order to operate a masternode.
The DASH/USD market cap is determined by its token price and 11 million tradable coins in circulation, as depicted by the chart above. Over time, Dash’s trading volume and trading float have steadily increased since April 2014 and currently trade above Ichimoku Kinko Hyo cloud, suggesting bullish trends. It’s important to remember that cryptocurrency market caps can vary considerably and fluctuate widely, so doing your own research prior to making any purchases is vitally important.
What is the trading volume of Dash?
Dash is a peer-to-peer payment cryptocurrency that competes with large networks in terms of transaction fees and speed. Notable features of Dash include its InstantSend technology which enables blockchain transactions to be completed in seconds as well as low transaction fees.
Cryptocurrencies such as Bitcoin are well known for their Treasury System, which allows stakeholders to set aside 10% of their block rewards to fund the development and growth of their network. Furthermore, cryptocurrencies offer extra privacy features which give users additional security when sending funds.
Dash’s price fluctuates with the global cryptocurrency market and can often experience what’s known as “bump-and-bust” cycles – that is, an exciting period that leads to price spikes, followed by doubt and disillusionment as Doubt sets in. News announcements such as Latin American exchange Daexs making buying Dash easier or partnerships between Dash and retailers such as CVS, American Eagle, or Domino’s that allow their users to spend Dash are also influences the price.
