Only a few tokens are dashing past the entire bleeding crypto market, despite the horrific and historical liquidation events that just happened.
After pumping 60% in the last week, Dash has got all of our attention, and that’s why we’re here for another deep dive!
What is Dash?
Dash is a two-tier Proof-of-Work (PoW) blockchain that originally launched in 2014 as a fork of Litecoin ($LTC), and technically counts as a fork of Bitcoin ($BTC). Initially launching as XCoin and later rebranding to Dcash (aka Digital Cash), their mission has always been to provide fast, cheap, and private transactions on a global scale.
How Does Dash Work?
Differentiating themselves from the rest of the blockchain herd, Dash utilizes specialized servers known as Masternodes. This is a key part of the network that enables functions such as CoinJoin, ChainLocks, Dash Evolution, Governance, and InstantSend and PrivateSend transactions.
Both perfect for our everyday spending and sending, InstantSend allows for near-instant and near-zero cost transactions, and PrivateSend uses a feature called coin mixing to anonymize transactions for users who want to remain untraceable and anonymous.
That’s not all, CoinJoin provides financial privacy for all Dash users, ChainLocks protects the network from mining attacks, and Dash Evolution makes using crypto as easy as using PayPal.
All powered by the Masternodes, and all on the Dash network.
Why Dash?
Designed for the future world of finance, Dash offers rapid, private, ultra-cheap and secure transactions that benefit both individuals and businesses. Built to make spending simple and fair for everyone, they believe everyone should get the most for their money, and that’s where digital cash, aka $DASH, comes in.
For businesses looking to grow, they offer tools that open the door to increased revenue and efficiency. Businesses can say goodbye to expensive and slow credit card payments and harness the powers of Dash with its 1-second transaction settlement and fees costing under $0.01!
Daily, Dash is processing over 8.2K+ business transactions, with an estimated 54.3K+ users, and until now, Dash has processed over $4.48B in payment volume for businesses!
Dash Coin ($DASH)
Do more with your cash, make it digital and discover the endless possibilities on the Dash network. Whether you want to anonymously send money to your friends and family without the banks asking you who and why, pay for your groceries, or buy a plane ticket, you can use $DASH for your every transactional move!
With over 159K merchants and services, individuals like you and me will find everything we need on Dash.
Digital Cash, also known as $DASH, is the native currency used as the medium of exchange, as well as paying for transaction fees. Nonetheless, beyond its payment utilities, $DASH also powers the Masternodes and enables holders to participate in the governance.
Conclusion
At the time of writing, $DASH is trading at $55.53 with a market cap of $691.16M, after rising over 60.98% in the last week. Believe it or not, but according to CoinMarketCap, $DASH once exceeded an ATH of $1,642 in December 2017.
With such a scarce total supply of only 18.9M tokens, and potential global adoption for the Dash network, there is a possibility that it could reclaim its previous ATH…
As always, only time will tell.
Official Dash Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
