Dashing Dash - coinartis

The definition of the Dash

Dash is a type of a decentralized autonomous organization (DAO) and an open-source cryptocurrency which is operated by a subset of the users called the master nodes. It was forked from the bitcoin protocol as an altcoin. Dash is unlike the other major cryptocurrencies which act more as a development platform. Whereas Dash is decentralized cash based on peer-to-peer technology. It is created with an aim to be as liquid as real money.

Dash is built upon the core code of bitcoin with some additional features such as quick transactions and privacy. It has gained much popularity attributed to these features. Dash is an open source currency like bitcoin and various other cryptocurrencies. It has its own blockchain, community and wallet infrastructure. However, the transaction fees are quite negligible, unlike bitcoin. Apart from the mentioned benefits, Dash runs on a self-funded and self-governed model. The Dash network is capable of self-funding when there is a need for making any further improvements on the Dash technology, unlike bitcoin.

The history of the Dash

Dash was released on 18^th January 2014 by Evan Duffield as an Xcoin (XCO). It was first renamed on 28^th January 2014 as Darkcoin and then finally renamed on 25^th March 2015 as Dash. Dash has been initially forked from Litecoin. while Litecoin has been originally forked from Bitcoin. While the fork happened, a bug was introduced which resulted in the mining of over 1.9 million Dash coins within a period of two days only. 1.9 million coins amount to almost 10 percent of the total Dash coins which shall ever exist.

The basic and unique features of Dash coin

Dash is a cryptocurrency which is designed and created to provide privacy and anonymity to the users. The whitepaper of Dash even defines Dash as the first cryptographic currency which is privacy-centric. Dash is actually a combined word for digital cash.
Dash is one of the first digital currencies which has a blockchain governance system which is decentralized. The fork of bitcoin resulted in the development of Dash. In other words, it simply means that it was created to solve the issues which were noticed in bitcoin. Dash is a lot different from bitcoin because it does not have the weakness and flaws which became a part of bitcoin. It is especially different in terms of speed, anonymity, and efficiency.
Dash allows the user to transfer funds privately. This is done by mixing a transaction with various other transactions. And thus it gets difficult to identify any particular transaction. It uses an optical privacy feature and a coin mixing service which the users might see as an advantage.
Instant send allows the user to process the transactions instantly which is almost within 1.5 seconds. It also solves the problem of double-spending.
Dash has new and different privilege nodes known as the master nodes, unlike bitcoin where one node is equal to the other. Any person who holds 1000 Dash as collateral will be able to create the master nodes. These special nodes are able to earn a block reward of 45 percent. However, master nodes charge higher fees for performing instant transactions.

Is Dash secure?

Dash is a cryptocurrency which offers a safe and secure way to process the transactions without depending on any third-party or intermediary. Other cryptocurrencies also share the same feature. Dash is a cryptocurrency which is designed on the blockchain technology of bitcoin. It has made the transaction process decentralized and secure. Like a bank, it does not rely on a centralized entity. The Dash transactions are however confirmed by more than 4000 servers which are hosted all across the world.

The pros of Dash

There are some features of the Dash network which serves as a great advantage for attracting more investors. Some of the benefits are listed below:
Dash has quickly developed a follower base. Dash has never disappointed them and steadily made through the challenges drawing the attention of more investors.
Dash is user-centric. Dash has quickly evolved as the favorite coin of the people because of its user-friendly platform. This has become possible due to its flexibility, universal appeal, and versatility.
The highlight of Dash coin is, however, the fast speed and the transactions are processed instantly. And hence Dash has some advantage over other cryptocurrencies for adoption.
Dash is highly liquid since it is accepted in a large number online affiliate stores and exchanges already.
Dash is regarded as a cheap substitute for a bigger and more expensive cryptocurrency. It is a profitable investment since the transactions are priced at low rates as well.

The cons of Dash

Dash became popular because of several advantages over bitcoin and fiat currencies. But soon people started using it for carrying out illegal and criminal purposes as well. The Dash has been used for carrying out illegal trades because the transactions are untraceable and anonymous. It has also become easy to evade the taxes since the government would not know who is conducting the transactions.

The future of Dash

Dash has experienced stable growth in recent years and has become one of the most accepted altcoins in the crypto market. The price of Dash coin went from $10 to as high as $1500 in less than a period of one year. Since then it has seen a balanced growth at a trade rate ranging from $300 to $400 during 2018. It has also been able to achieve a market cap of over $1 billion. Based on the past market trends, it can be said that Dash is going to perform even better in the future but it cannot be said for certainty.

Everything you need to know about the Dash

The introduction of the Dash

Dash was released on 18^th January 2014 by Evan Duffield as an Xcoin (XCO). It was first renamed on 28^th January 2014 as Darkcoin and then finally renamed on 25^th March 2015 as Dash. Dash has been initially forked from Litecoin. Litecoin has been originally forked from Bitcoin. While the fork happened, a bug was introduced which resulted in the mining of over 1.9 million Dash coins within a period of two days only. 1.9 million Coins amount to almost 10 percent of the total Dash coins which shall ever exist.

Dash is one of the first digital currencies which has a blockchain governance system which is decentralized. The fork of bitcoin resulted in the development of Dash. In other words, it simply means that it was created to solve the issues which were noticed in bitcoin. Dash is a lot different from bitcoin because it does not have the weakness and flaws which became a part of bitcoin. It is especially different in terms of speed, anonymity, and efficiency.

Dash has quickly developed a follower base. Dash has never disappointed them and steadily made through the challenges drawing the attention of more investors. Dash is user-centric. Dash has quickly evolved as the favorite coin of the people because of its user-friendly platform. This has become possible due to its flexibility, universal appeal, and versatility. The highlight of Dash coin is, however, the fast speed. And hence Dash has some advantage over other cryptocurrencies for adoption.

Dash has experienced stable growth in recent years and has become one of the most accepted altcoins in the crypto market. It has also been able to achieve a market cap of over $1 billion. Based on the past market trends, it can be said that Dash is going to perform even better in the future but it cannot be said for certainty.

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