Dash (dash) Price Index

Dash, like Bitcoin, is a digital money that can be sent or received. Dash was constructed on top of the same blockchain technology as Bitcoin, but with substantial improvements.

Dash is gaining popularity because it is more private and faster than Bitcoin. It can do this by using a unique model called “Masternodes”.

Dash cryptocurrency not only offers these advantages, but it is also self-governing and self-funding. Unlike Bitcoin, the Dash network may fund itself to upgrade DASH technology.

Evan Duffield released “Xcoin (XCO)” on January 18, 2014. The name was changed to “Darkcoin” on January 28, 2014, and then to “Dash” on March 25, 2015.

Dash forked Litecoin, which forked Bitcoin. Due to a problem triggered by the fork, 1.9 million DASH coins were mined in the first two days. 1.9 million is around 10% of all Dash coins ever created!

A technical issue forced Evan Duffield to relaunch the coin, but the Dash community objected, thus it went on as is.

DASH was priced under $10 since its inception in 2014 to the end of 2016. This graph shows that Dash's price increased throughout 2017 and peaked at $1540 on December 20th.

How Is DASH Utilized?

Dash has numerous characteristics that give it an advantage over other cryptocurrencies such as Bitcoin and Litecoin. Due to Masternodes, PrivateSend, and InstantSend, Dash can be used to conduct transactions in a more confidential and expedient manner.

Let's investigate each of them in detail.

Masternodes

On the Bitcoin blockchain, miners verify transactions that take place on the blockchain and are compensated for their efforts. Similarly, there are miners on the Dash cryptocurrency blockchain, but the system is divided into two parts: Masternodes and miners.

In order to become a Masternode, a user is required to deposit a minimum of 1,000 DASH.

Masternodes serve as specialized servers that perform crucial Dash network functions. They are in charge of Private Transactions (PrivateSend) and Instant Transactions (InstantSend), as well as the governance and treasury system.

As you can see below, the Dash Masternode network is robust and expanding.

These Masternodes enhance the network's security and ensure that transactions are as fast as cash transactions. This costs Masternodes money and time, so they are compensated by the network.

A Masternode receives 45 percent of the total DASH coin mining reward. Consequently, if 1 DASH coin is mined by miners, it will be divided as follows:

• 45% rewards (0.45 DASH cryptocurrency) goes to miners;
• 45% reward (0.45 DASH cryptocurrency) goes to Masternodes;
• 10% (0.10 DASH cryptocurrency) goes towards funding for further network improvements.

However, Dash's PrivateSend feature adds privacy to transactions. As a result, Dash transactions are untraceable, and users are anonymous. Masternodes facilitate private transactions.

WOULD YOU WANT THE WORLD TO KNOW EVERYTHING ABOUT YOUR TRANSACTIONS?

I'm assuming you said "no!" So, Dash has a tremendous advantage over Bitcoin here.

This benefit makes dash crypto “fungible”. What is fungibility?

Fiat currencies (USD, EUR, JPY) are all fungible. This implies any two $10 bills can be swapped. 1 oz. of gold of the same grade is worth the same as another 1 oz.

Bitcoin defies this rule. Because Bitcoin transactions may be traced, some people will not accept Bitcoins that have been used in unlawful trade.

The history of Dash cryptocurrency transactions is unknown. Dash coins are now equal and fungible.

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