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DASH

Dash (DASH) Price Index

$ 33.83 Ƀ 0.00053478
  • MarketCap
    $ 394,679,380
  • Volume
    $ 113,572,315
  • Change
    4.37%
dashDash
$ 33.83
$ 33.83
4.37%
31,19
DASH
Dash (DASH)
$ 33.83
DASH
Dash (DASH)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 4 min
Updated on Jan 10, 2024

Overview: What Is Dash (DASH)?

Dash (DASH) is the coin of the Dash network, which has its own blockchain. Dash is a payments-focused cryptocurrency project aiming to provide a digital and quickly transacted private form of money.

 

Dash was launched in 2014 by Evan Duffield from a fork in the Litecoin (LTC) network (also a fork of Bitcoin) under the name Xcoin and then Darkcoin. It rebranded again in 2015 and became Dash.

 

What Makes Dash (DASH) Coin Unique?

Dash is an early cryptocurrency project, one of the first altcoins, that was in the top 12 cryptocurrencies by market capitalization and, in 2019, was the most popular cryptocurrency in Venezuela.

 

After the fork and its creation, the Dash network made unique improvements to its hashing algorithm and introduced masternodes which set it apart from Bitcoin and Litecoin.  DASH has two popular features, InstantSend and PrivateSend. InstantSend allows holders to transfer DASH without waiting for transactions to be validated and confirmed by its blockchain. PrivateSend will enable users to send transactions in a special sequence, making it difficult for anyone to trace DASH transactions.

 

What Is Dash (DASH) Used for?

Dash (DASH) can be used for purchases via the DashDirect application, for payments and transfers, and is bought and sold on cryptocurrency exchanges and as a store of value. Dash (DASH) can be staked through custodial providers, decentralized lending protocols, or by running a Dash masternode.

The Dash network is proof-of-work (PoW), which means it’s possible to become a mining node and earn rewards for verifying transactions to the network.

 

The Dash Network has a decentralized autonomous organization (DAO) for governance and funding project proposals for the Dash network and ecosystem. Holders of Dash (DASH) can participate in the DAO and vote on proposals.

 

How Does Dash (DASH) Coin Work?

The Dash (DASH) blockchain is PoW, so mining verifies and secures transactions to the network and generates new DASH. Dash has added masternodes, a second layer of network participants that have extra functionality and receive additional compensation. Masternodes add to the network’s security, allowing Dash to provide instant transaction settlement.

 

How Is the Price of Dash Determined?

DASH coin price is influenced by supply and demand, its utility in the network, the use of DASH for payments, and other market factors. DASH coin has a maximum supply of 18.9 million. As new DASH coins are mined, 10% goes to Dash governance, and 90% is split between mining nodes and masternodes.

 

The following factors influence the DASH coin price:

 

  • Market dynamics, liquidity, and scarcity
  • DASH and cryptocurrency market sentiment
  • The use of DASH for payments
  • The performance of competitors

 

What Is the Dash (DASH) Coin Price Prediction for 2030?

Cryptocurrency prices are almost impossible to predict, but popular analysts and crypto websites have DASH coin price predictions for 2030. Binance believes the DASH price could reach $46.26, whereas Gate.io is more bullish and says the DASH price could reach $70.23.

 

How Is the Dash (DASH) Network Secured?

DASH is secured through a PoW consensus mechanism or mining. The Dash network is reputed to be secure because of its innovations, including ChainLocks, which means an attacker would need to attack the mining and masternode layers of the chain. This would be incredibly costly and make the network very resistant to 51% of attacks.

 

Where Can You Buy Dash Coin?

DASH coins can be bought on major cryptocurrency exchanges, including Binance, OKX, HTX, Coinbase, Gate.io, and KuCoin.

 

How Can You Store Dash (DASH)

Dash (DASH) can be stored in an exchange wallet, software, or a hot wallet, where the funds are stored online, or a hardware wallet, where your DASH can be stored offline, in a physical device.

 

FAQs

 

Is Dash coin worth buying?

Cryptocurrency investors will decide if Dash (DASH) is a good investment based on thorough research of the coin and the Dash network, its competitors, and the cryptocurrency market as a whole. The Dash Network is secure, fast, and popular, but DASH has also seen scrutiny. DASH has been accused of being an unregistered security by the United States Securities and Exchange Commission (SEC) and delisted by the eToro exchange.

 

Is Dash coin safe?

The Dash network is reputed to be secure because of its innovations, which build on technology similar to Bitcoin and Litecoin. Dash added masternodes and ChainLocks. The latter means an attacker would need to attack the mining and masternode layers of the chain. This would be extremely expensive, so the network is highly resistant to 51% of attacks.

 

Who owns Dash coin?

Dash was launched in 2014 by Evan Duffield from a fork in the Litecoin (LTC) network. It has a DAO for governance and is open source.

 

How old is Dash coin?

DASH coin is an early altcoin launched in 2014.

 

Who made Dash coin?

Evan Duffield launched the Dash network from a Litecoin (LTC) fork.

 

Will Dash coin recover?

The Dash Network is secure, fast, and popular, but DASH has also been under the microscope. The United States Securities and Exchange Commission (SEC) has accused the coin of being an unregistered security. A consequence of this was delisting by the eToro exchange.

 

Is Dash better than Bitcoin?

The Dash Network uses a modified version of the Bitcoin proof-of-work algorithm and other innovations aiming to be faster and less expensive than Bitcoin. Bitcoin has the largest market capitalization. DASH coin was once in the top twelve cryptocurrencies by market capitalization but has since fallen much lower in ranking.

 

Is Dash better than Litecoin?

Some believe DASH is better than Litecoin (LTC) because of its InstantSend feature, and it is said to be faster in principle and more secure. Litecoin has a much greater market capitalization and higher 24-hour trading volume, whereas Dash (DASH) is less popular.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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