DASH

DASH is a peer-to-peer payment system, where cryptocurrencyis used as the equivalent of fiat money. The presence of several unique solutionsmakes coin attractive to investors and traders.

Interesting facts

DASH – peer-to-peer electronic cryptocurrency payment system, operating on theprinciple of instant and confidential transactions. In 2014, Xcoin was created, which waslater renamed Darkcoin. DASH Developer – Evan Duffield

The founder used the Bitcoin blockchain to launch his digital currency. Heincreased the speed of transactions and added privacy settings, which allowed to sendalmost completely anonymous transfers.

Transactions are carried out instantly, unlike Bitcoin. A curious fact is that theDASH team considers Bitcoin as its main competitor. Both digital payment systemsperform similar functions, operating within the framework of electronic currency.

Unlike most tokens, this system positions itself solely as a cryptocurrency. Themain purpose of this coin is to advance to a stable currency, like the dollar or GDP.

The token is valid within the internet space and will not have a material form. Sincethis cryptocurrency does not have centralized control, emission occurs during mining.

Standard algorithms of Proof of Work allow transferring 100% of rewards for ablock to the miner’s account. In Dash, everything is different: 45% of rewards arereceived by miners, $45 to master nodes and 10% are awarded to Dash. The amountreceived goes to the development of marketing strategies, the creation of newfunctions/servers, research, new coding algorithms.

A function that provides a list of privileges to those who have a higher percentageof capital is developed. Anyone who owns more than 1000 cryptocurrencies can turn onmaster nodes that activate PrivatesSend and InstantSend.

InstantSend makes payment within 1.5 seconds. PrivateSend mixes a transactionwith multiple payments, thus making it difficult to track and collect the entire transactionprocess.

What influences the price

Although officially DASH is not tied to any cryptocurrency or means of payment,the quotation chart clearly demonstrates that the coin repeats the Bitcoin bubble.

The competition started with a price of $11 and ended at around $1200, which isan increase of 109 times. In general, other altcoins showed the same indicators.

But another fact is remarkable in this case, the coin continued to demonstrate highvolatility during the period of stagnation. Its cost ranged from 60-150 dollars. Fortraders, this meant a record of 800-120% per month.

To predict the movement of DASH, it is enough to understand how the rules whichBitcoin follows. But you also need to take into account the demand and technologyinnovations offered by developers.

The first factor determines the preservation of asset volatility. Depending on theinformation background, investors invest money either in Zcash or in Monero.

The number of active users is not growing as fast as the developers of blockchainnetworks would like, so money is actually being moved from one asset to another.

To attract the attention of investors again, the creators of DASH have to constantlywork to improve the system and offer unique opportunities.

For trading, this is good because it creates a tangible wave of exchange ratefluctuations, which means that there is an opportunity for speculation. News from thedevelopers themselves do not have a strong influence, so you need to track them intandem with world events.

For example, the release of a new anonymous wallet under DASH will attractinvestors only if the data that the G20 member is going to impose restrictions oncryptocurrency is published. There should also be information that the competitor’ssoftware is worse than DASH’s.

This is just one example, but it clearly demonstrates how well a trader needs tofeel the situation in order to make profitable deals. The coin is complicated, but thereinlies its promise.