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Bitcoin, the leading and inspiring cryptocurrency of all others, has claimed the world by storm.
Since the Dash cryptocurrency passed the $ 1,000 mark in January 2017 in a maximum of 3 years, since then widespread interest in this pioneering virtual currency has exploded. You can buy cryptocurrency Dubai 2021, once you’ll visit the online cryptocurrency exchange portal.
One of the beneficiaries of that interest was Dash, a cryptocurrency that has been on the market in some way since 2014. Its value around $ 10 in early 2017, broke the price mark at $ 300 in less than one year.
If you are wondering about this incredible growth with this digital currency and how it compares to Bitcoin, this article will explain some more than exciting concepts that you will need to know.
HOW IS THE DASH CRYPTOCURRENCY?
Like Bitcoin, Dash is a cryptocurrency exchanged through encryption software. It may be described as an altcoin, which refers to any cryptocurrency other than or alternative to Bitcoin. You can Sell BTC Dubai online, if you are having an internet connection with a quality investment amount.
The Dash cryptocurrency first existed as Xcoin. It was relaunched as Darkcoin in January 2014. A year later in March 2015, the developers finally named Darkcoin Dash.
The Dash developers tried to create a payment platform that was:
Decentralized. Users can send cryptocurrencies to each other without relying on intermediaries, such as banks, institutions, or the government.
Private Throughout the years that Bitcoin has been around, it has proven anonymous but not totally private. In response, the Dash developers tried to create a totally private cryptocurrency. That’s why people Bitcoin exchange London online without getting into much trouble.
Fast Many users consider that the delay times of Bitcoin confirmation make it a unfeasible option for the consumer. Dash was created to allow fast transfers.
SOME THINGS TO KNOW ABOUT THE DASH CRYPTOCURRENCY
Let’s run some quick stats that illustrate what Dash is all about:
- THERE IS A LIMIT WITH THE DASH CRYPTOCURRENCY
You should know that only 21 million bitcoins can be mined. Similarly, only 18 million Dash can be mined.
A limit on the number of cryptocurrencies that can be mined is what is known as controlled supply.
There are currently around 7.6 million Dash, where the last coin is expected to be mined around the year 2300.
- DASH HAS BECOME ONE OF THE LARGEST CRYPTOCURRENCIES
Of the hundreds of cryptocurrencies that exist, Dash is one of the most popular. This writing is the sixth-largest cryptocurrency by market capitalization, behind Litecoin and above NEM: the 7.6 million Dash in existence is worth more than $ 2.1 billion.
That being said, this cryptocurrency still has a long way to go. Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin, the five largest cryptocurrencies, have market capital very close to $ 124 billion.
- HAS DEVELOPED EXPLOSIVE GROWTH IN 2017
From 2014 to the end of 2016, the price of Dash has generally remained below $ 10. This changed at the end of 2017.
As shown in the first image, on January 1, 2017, Dash’s price stood at $ 11.
As shown in the second image, in mid-March, it broke the U $ 100 mark, and as shown in the third image, in mid-June it passed the U $ 200 mark. By the end of August, it reached the U $ mark. $ 300, specifically on August 27, 2017, where 1 Dash was valued at $ 368.
Some observers say that the growth of Dash cryptocurrency came through speculative trading in the cryptocurrency markets. Dash supporters say it is because the world has finally learned of the crypto sale’s structural advantages, related to the low fees. Because now, you can buy cryptocurrency UK with Cash online.
HOW INTERESTING IS THE DASH CRYPTOCURRENCY?
The cryptocurrency Dash was created in part to address two of Bitcoin’s biggest problems: lack of privacy and speed of transactions. It has other advantages that are supposedly better than Bitcoin.
ANONYMOUS TRANSACTIONS
It is a common mistake that Bitcoin transactions are anonymous. It’s actually easy to identify a particular wallet address, and transactions can be traced through the blockchain.
According to Dash’s developers, anonymous transactions with the cryptocurrency can be sent through its Private Send function.
INCENTIVE GOVERNMENT MODEL
While the development of Bitcoin is dependent on community contributions, the Dash network is funded by the transaction fees it generates. Next, we dive deeper into the structure of the Dash coin.