Dash – formerly XCoin
What is Dash?
Dash cryptocurrency was made on January 18, 2014, but its first name was XCoin (XCO). The core of Dash developers consists of 50 specialists, they are engaged in strengthening the protocols and maintain the stability of the functioning of this cryptocurrency. A minority of them are based in Phoenix, Arizona, while the majority do their work from different parts of the world. The creator and founder of Dash, Evan Duffield, has been involved in the development of the cryptocurrency so far. The development of the Dash cryptocurrency community is carried out by Ryan Raylor, who is also the CEO of the Dash Core Group. The main competitive advantage of Dash is the complete anonymity of all transactions. In terms of the level of protection of personal data, it can be compared with payment in cash. This high level of protection is achieved by combining several cryptographic protection algorithms.
The architecture of this cryptocurrency consists of two layers, which allows developers to updаte efficiently and quickly, and this has a strong impact on the price of Dash. Also, Dash has a separate decentralized Masternode network, which ensures the security of the systеm and protects it from hacks. The transaction fees on the Dash network are very low, some transactions even go through without fees.
Another advantage of Dash is its good energy efficiency, thanks to which you can save electricity when mining.
Dash mining
Dash uses a special algorithm that is based on the 11 most secure cryptographic methods, which reduces the cost of electricity for mining and ensures a fair distribution of cryptocurrency. Today, mining is a highly professional field that uses powerful ASIC farms around the world, which provides powerful protection for the Dash network.
How do I get Dash?
You can buy Dash on a crypto exchange or through exchanger. One of the most trusted exchangers is Leoexchanger!
What to do with Dash?
Main use cases for Dash:
- Dash can act as a means of payment.
- If you are mining, you can mine and sell Dash.
- Another option is to start trading this cryptocurrency. Its volatility allows it
- Dash can be used as a long-term investment tool.
Dash price dynamics (in USD)
As of August 2022, the price for 1 Dash is around $53. The total market capitalization is $582,161,915.
The price movement chart is shown below:
How to store Dash?
There are 2 main ways to store Dash – a crypto wallet and a crypto exchange account.
From exchanges, we can recommend a crypto exchange WhiteBit.
There are many different crypto wallets. It is best to choose the crypto-wallet that will be the most suitable for you based on the feedback from users of different wallets.
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