Dash DASH
$30.131 1.91%
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Updated at 18:22$355,136,916.73
#175
$36,681,286.38 5.71%
+$0.57562 1.91%
+$1.3525 4.49%
What about Dash?
DASH is a decentralized cryptocurrency that uses a two-tier network architecture to improve speed, security, and governance. It was created in 2014 as a fork of Bitcoin, and it was originally called XCoin. Later it was renamed to Darkcoin, and finally, it became DASH, which stands for "Digital Cash."
One unique feature of DASH is its two-tier network, which consists of miners and masternodes. Miners perform the standard task of verifying transactions and adding new blocks to the blockchain. Masternodes, on the other hand, provide additional services, such as instant transactions, voting, and treasury management. Masternodes require a significant investment of DASH, which helps ensure the reliability and security of the network.
DASH also uses a consensus mechanism called Proof of Service (PoSe), which rewards masternodes for providing valuable services to the network. This incentivizes masternode owners to contribute to the network's growth and development.
Another unique characteristic of DASH is its PrivateSend functionality, which allows users to mix their transactions with those of other users to improve privacy and anonymity. This is achieved through a decentralized mixing process that ensures that transactions cannot be traced back to their original source.
Buy Dash Without Any Hassle
Dash is an innovative and dynamic cryptocurrency that strives to lead the way in being a user-friendly and scalable payment-focused digital currency worldwide. With a strong emphasis on enhancing user experience, Dash offers a range of features that offer convenience and security.
One of the standout features of the Dash network is its ability to provide instant transaction confirmations, ensuring that users can complete their financial transactions quickly and efficiently. This instant confirmation feature greatly improves the speed and efficiency of conducting transactions compared to traditional financial systems.
Furthermore, Dash also offers robust double-spend protection, which provides an additional layer of security for users. This protection ensures that transactions are authenticated and verified, preventing the possibility of fraudulent activities.
Privacy is another crucial aspect of Dash's design. It provides users with the option to enjoy privacy levels equivalent to physical cash transactions. This feature ensures that users can conduct their financial activities with a high level of anonymity and confidentiality.
Additionally, Dash has embraced a self-governing and self-funding model, driven by incentivized full nodes. This unique model allows the Dash community to actively participate in the decision-making process and fund projects that contribute to the growth and development of the cryptocurrency. It offers a transparent and decentralized governance system that sets Dash apart from other cryptocurrencies.
Furthermore, Dash has a clear roadmap for on-chain scaling, which means that it has plans to accommodate increased transaction volume through the utilization of custom-developed open-source hardware. This scalability ensures that Dash can handle a high number of transactions and maintain its efficiency even as it grows in popularity and usage.
While Dash shares its foundation with Bitcoin and is compatible with various key components of the Bitcoin ecosystem, it distinguishes itself with its innovative two-tier network structure. This structure brings significant improvements in transaction speed, privacy, and governance. It allows Dash to offer a seamless and enhanced user experience while addressing some of the limitations and challenges faced by other cryptocurrencies.
How Does the Dash Network Work?
Dash aims to enable easy and cheap payments anywhere to anyone in the world. The peer-to-peer digital currency distinguishes itself from conventional money by lacking a central authority responsible for overseeing supply and validating legitimacy. Instead, the supply and ownership of balances are governed by mathematical rules, which ensure that only legitimate owners can utilize their balances.
As long as users adhere to recommended security measures, the chances of fraudulent spending and theft are nearly impossible. Since there is no central authority, every node in the network must reach a consensus on the balances of each account or address every few minutes. This consensus information is stored in a block, which is then linked to the previous block, creating an irreversible chain known as the blockchain. This constantly updated ledger is accessible to all network users.
Dash takes this simple concept and enhances it by providing users with instant, private, and secure transactions that are so seamless that you won't even realize you are using a blockchain. Anyone can participate in the network, and Dash is readily available for purchase worldwide.
The innovative masternode network allows for easy global transactions, as simple as tapping your phone to buy groceries at a local store. Say farewell to slow transactions, complicated international account numbers, and high transaction fees – Dash is the epitome of digital cash!
Dash is often referred to as a privacy coin because it offers optional privacy features through its PrivateSend feature. PrivateSend uses a mixing mechanism to obfuscate transaction details and provide enhanced privacy for users. However, it's important to note that the privacy features in Dash are not as robust as those provided by some other dedicated privacy coins like Monero or Zcash.
What Makes Dash Unique?
What sets the digital currency Dash apart from other similar projects is the set of innovative features:
Dash Masternodes. The blockchain technology of Dash relies on a decentralized second-tier masternode network, which rewards users for running and maintaining special servers. Masternodes power key features, such as CoinJoin, InstantSend, and the governance system.
Evolution Masternodes (evonodes). These specialized masternodes host the Dash Platform and require a collateral of 4000 DASH. They have higher specifications and voting power, serving both Dash Core and the Platform.
CoinJoin. Dash offers superior privacy through CoinJoin, which combines users' Dash inputs with others in a single transaction. This process breaks transaction inputs into standard denominations and safeguards financial privacy.
InstantSend. Dash's InstantSend technology enables near-instant transactions, similar to credit card systems, without relying on a centralized authority. This feature allows for faster point-of-sale transactions and revolutionizes transaction confirmation times.
ChainLocks. The Dash blockchain leverages ChainLocks to protect against 51% mining attacks. This technology, when used with InstantSend, ensures immediate and secure payment acceptance by providing certainty in the blockchain.
Sporks. Sporks facilitate smoother transitions and test data collection during code updates in the Dash network. They help in testing new features or versions extensively on the testnet before releasing them on the main network.
X11 Hash Algorithm. Dash employs the X11 hashing algorithm, which incorporates eleven scientific hashing algorithms for fair coin distribution and resistance against mining centralization. X11 ensures increased security and longevity in the network.
Dark Gravity Wave. Dash implemented the Dark Gravity Wave (DGW) difficulty adjustment algorithm to prevent time-warp exploits. This open-source algorithm adjusts the difficulty of every block based on statistical data, ensuring a secure and fair mining process.
Emission Rate. To avoid inflation, Dash smoothly reduces the block reward over time. The coin emission rate decreases by approximately 7.14% every 210,240 blocks, ensuring a controlled supply of Dash tokens.
Decentralized Governance. Dash embraces a decentralized governance model through its blockchain. Masternode owners possess voting rights and can actively participate in decisions and budget proposals within the Dash ecosystem.
Sentinel. Sentinel is an additional layer of network security for masternodes, ensuring the integrity and reliability of the network.
Evolution. Dash Evolution aims to simplify cryptocurrency usage, similar to using PayPal. This upgrade will provide user-friendly features and interfaces, making cryptocurrency accessible to a broader audience.
Evolution Previews. Dash provides previews of upcoming features and updates through Evolution Previews. This allows users to stay informed about the development progress and upcoming enhancements.
What is Dash Mining?
Similar to other blockchains, Dash network utilizes Proof of Work (PoW) mining to secure transactions and create new Dash coins. The X11 hashing algorithm, invented by Dash founder Evan Duffield, combines eleven secure cryptographic techniques to solve a mathematically challenging problem.
This mining algorithm was developed to minimize power consumption and ensure a fair distribution of Dash tokens in its early years. Unlike Bitcoin, which relies on a single algorithm, X11 provides defense against potential weaknesses found in any of the hash functions. Currently, mining is a professionalized industry involving powerful ASIC server farms worldwide dedicated to securing the Dash network and earning block rewards.
The maximum number of Dash coins is 18.9 million. Dash has a fixed maximum supply to ensure scarcity and maintain value over time. By establishing a limited supply, the creators of Dash aim to prevent inflation and maintain a stable and predictable monetary system.
This scarcity also encourages saving and long-term investment, as there will be no additional coins created beyond the predetermined cap. Dash's fixed maximum supply aligns with the principles of sound money, similar to other cryptocurrencies like Bitcoin.
Who Invented the Dash Blockchain?
Dash (formerly known as Darkcoin and XCoin) was invented by a software developer Evan Duffield in 2014. Prior to launching Dash, Duffield had a background in both finance and public relations. He gained experience in finance while working at Hawk Financial Group and developed machine learning algorithms and search engines in his role.
Kyle Hagan, a marketing expert with an extensive experience in the finance and technology industries, also played a key role in developing the Darkcoin platform, but he quitted the project.
Originally, the project aimed to safeguard privacy in financial transactions. However, in 2015, it rebranded as Dash and changed its focus to enhance convenience in online commerce. Dash has now partnered with over 10,000 online retailers and merchants for payments and has installed 250+ Dash-enabled ATMs across the globe.
The project faced some controversy in its early days, when approximately 1.9 million coins were mined within the first two days due to a bug. However, the mined coins were subsequently distributed through different exchange platforms.
Today, Dash Core Group is the main developer of Dash, a cryptocurrency focused on payments.
Dash Price
Changelly, the ultimate crypto exchange platform to buy, sell, and swap digital assets, offers the live Dash price chart with real-time updates.
Our interactive chart also shows you a 24 hour trading volume, the asset’s market capitalization (market cap), a recent price change, as well as the circulating supply and total supply of the Dash cryptocurrency, and Dashs price history.
Our currency converter can help you see how many Dash coins you can receive based on your investment in fiat currencies or other cryptos.
By analyzing these figures, you can create your own Dash price prediction. Alternatively, you can read our Dash price forecast to get expert opinions in the field who provide predictions based on various factors, such as market trends, historical data, and technological developments. This can help you make informed decisions about Dash investments and gain valuable insights into potential price movements of the digital asset.
Along with the live Dash price and market statistics, our crypto exchange service provides the latest Dash news, so you can stay up-to-date on the latest developments and events that may impact Dash's price and market.
The lowest recorded price for Dash (DASH) is $0.213899 on Feb 14, 2014. The highest price paid for the Dash coin is $1,493.59 on Dec 20, 2017. The current price of the Dash crypto is over 95 % lower than the all-time high.
Investors should exercise caution when buying Dash based or any other crypto asset. The significant decline from the all-time high suggests a high level of volatility and market unpredictability. It is essential to thoroughly research, consider various factors, and perform a fundamental and technical analysis before making any investment choices.
Past performance is not indicative of future results. Investors should carefully weigh the risks and potential rewards associated with investing in the Dash Token or any other crypto asset.
Where to Buy Dash Tokens?
There are several options to sell or buy Dash, including:
Cryptocurrency Exchanges
Dash is traded on numerous crypto exchanges, giving you the option to buy or sell Dash. Changelly is one such cryptocurrency exchange that supports Dash transactions, accepting debit cards, credit cards, and many other payment options for seamless crypto purchases.
In-Wallet Instant Exchange Services
For a convenient option, you can utilize in-wallet instant exchange services. These services allow you to store, stake, buy, or sell Dash coins all in one place, without the need to open an account on a separate exchange.
ATMs
Another option is to use ATMs that enable the buying and selling of Dash at an average price currently prevailing at the crypto market. These ATMs can be found in various locations across the globe. Dash's interactive map or the Dash Wallet app can help you locate the nearest ATM.
P2P
Many individuals also trade Dash with each other through so-called peer-to-peer (p2p) marketplaces. These services directly connect crypto buyers and sellers based on the terms they set for their orders, such as the desired price, trading volume, payment method, and more. A p2p platform also acts as an escrow protector to secure the deal until both parties are happy with the outcome.
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