The Wonderful World Of DASH

What is Dash?

Dash is an altcoin focused on privacy and high speed of transactions.

Dash is a cryptocurrency substitute to Bitcoin. Created in January 2014 once called “Darkcoin”, it was a fork of Bitcoin (its code was significantly based on that of Bitcoin).

Dash's exclusive technologies are InstantSend (allows the users to send transactions very quickly) and PrivateSend ( transactions are absolutely anonymous). Unlike Bitcoin, whose network can take anywhere from 10 minutes to several hours to confirm a transaction and is now less anonymous than ever.

It’s Masternode Network (autonomous governance system) is another main feature. It allows the Dash network to allocate resources for the development and marketing of the coin by voting on proposals. A proposal can be created and introduced to the network by any person.

For example, Amanda Johnson, introduced her proposal for a periodic show about Dash called “DASH: detailed”, which has been well funded by the network and now runs regularly on DASH’s official Youtube channel. Dash is seen as a faster, more anonymous alternative to Bitcoin that has smart decentralized governance which simplifies the process of improving and marketing the currency.

Bitcoin is better than traditional banks, Western Union and most investment companies. Never before has the average man been given so much financial access. Cryptocurrency markets are open for trading 24/7-365. Your wallet is available to you almost instantly and transactions are made free, fast and securely every day with no need to deal with customer service or go to a ‘branch’ and wait in long queues. Now consider Dash which is even faster. Bitcoin’s transaction times are limited by the number and speed of blocks that can be mined (verified by miners). Dash is also mined but unlike bitcoin, the Dash network releases a block every 2.5 minutes instead of every 10 min. Also considering bitcoin’s transaction times have increased significantly for those paying the lowest fees since 2016 because of the famous blocksize debate still going on since 2014. Dash’s Masternode allows for voting and consensus to be reached easily and quickly, this is why Dash, which is a fork of Bitcoin and therefore had the same blocksize limit, was able to vote through the Masternode network and raise the blocksize limit to 2MB in 24 hours. Another advantage of Dash over Bitcoin. (Tip: DASH’s unmined fork PIVX is a proof of stake cryptocurrency to watch out for.)

What is happening with Dash?

Over the past few weeks, the price of Dash has gone through the roof, its value has gone up by more than 100 percent.

The rise started at around the $20. As of now, the value has gone up to $80. This has taken Dash higher on the list of all cryptocurrencies by their market capitalization on Coinmarketcap.com, Dash is among the most popular cryptocurrencies right now following the top leaders - Bitcoin and Ethereum.

The average daily trading volume of Dash is now comparable to that of Ethereum, the second-most-popular cryptocurrency after Bitcoin. Dash has grown from the $1 lows to an average of $8 to $10 in late 2016 to todays $80+. Nothing quite shows the earning potential of good cryptocurrencies like this phenomenon, it’s amazing how much profit an investor can make by just buying/mining and holding.

There are some other examples of cryptocurrency price surges. Bitcoin faced a similar scenario back in late 2013 to early 2014. Probably the most famous example is Bitcoin’s price surge in November through December 2013, often refered to as the Bitcoin bubble, the event has seen the price of the cryptocurrency rise from a little over $100 to well above $1000. The surge was followed by brutal regulations issued by People’s Bank of China and the collapse of the largest Bitcoin exchange in the world back then Mt. Gox. This made the bitcoin price drop to around $400 - $500 but today stands well above $1000.

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