HomeKNOWLEDGEREVIEW PROJECTWhat is Dash? Learn about Dashcoin virtual currency - Blogtienao.com

What is Dash? Learn about Dashcoin virtual currency – Blogtienao.com

What is Dash?

Dash or Dashcoin (Formerly known as Darkcoin and Xcoin) is a digital currency of the latest generation of Cryptocurrency, developed from an open source peer to peer and operates on the InstantSend (Instant Transactions) platform. ) and PrivateSend (Private Transaction). Dash is based on a globally distributed computing system. Similar to Bitcoin, Dash supports fast transactions without going through any intermediary organizations, no one can control these transactions.

Basically, Dash was born to solve the difficulties that Bitcoin previously encountered such as increased transaction speed, increased financial privacy, and at the same time developed a clearly decentralized governance and funding system.

How is Dash different from other currencies and Bitcoin?

Regarding the similarity, then Dashcoin Also used to trade and buy goods, Dash is not controlled and distributed by any intermediary organization. Because Dash is a cryptocurrency that operates entirely on the internet, it cannot be faked, manipulated or adjusted for inflation like other currencies. Dash uses algorithms to run a global personal computer system, so it's completely decentralized like Bitcoin.

Dash other Bitcoin In terms of transaction speed and privacy, this coin uses proprietary technology PrivateSend , and InstantSend. Dash's transaction speed is very high allowing for completely anonymous sending and receiving. Bitcoin takes up to 10 minutes to confirm the transaction of each block or even longer if the transaction fee is too low. So it can be seen that Dash is completely improved compared to Blockchain of Bitcoin.

History of development and who is the creator of Dash?

Dash was originally developed and named Xcode (XCO) on January 18, 01. On February 2014, the name was changed to Darkcoin. Then on March 25, 03 Darkcoin was renamed to Dash. Dash is considered an extension of Bitcoin and the founder of this coin is Evan Duffield. Accordingly, Evan said he created Dash because the BTC development team would not accept changes to the existing Bitcoin protocol.

Evan Duffield the creator of Dash coin

Only in the first 2 days of launch, 1,9 million Dash coins were mined, accounting for about ¼ of the total amount of Dash available. Dash solved controversial issues such as confirmation times, increased block sizes, decentralized management, and a native development budget.

According to CoinMarketCap, as of March 3, Dash's market capitalization has surpassed 500 million USD and become the most active altcoin community in the world.

What is the value and features of Dash?

1. Value of Dash

Because Dash is a form Cryptocurrency Decentralized, the value of this currency is not determined by any tangible goods, but based on a mathematical calculation system. Dash owns a public and transparent algorithm for all the supply that exists on the system. It is an open source software, because it is open source so anyone can edit it.

2. Features of Dash

Dash was born based on the ideas of Bitcoin so it is inevitable that there are similar features to Bitcoin. System Masternode is the most important difference compared to Bitcoin. A concrete example of this technology, if the developers of Bitcoins It took 2 years to fix the block size problem, while Dash only took 24 hours. This feature allows Dash to distribute computing power evenly across the system.

What is the exchange rate of the virtual currency Dash coin?

Virtual currency exchange rate Dash

Current price 1 DASH = $185.09 and has a total market capitalization of $ 1,365,225,170 equivalent to 546,527 BTC. At the same time, Dash is also in the top 10 most valuable coins in the world according to Coinmarketcap's ranking. You can also watch Dash rate We update every day in the most accurate real-time so that we can track the price of this virtual currency.

Conclusion

It may be a bit difficult for those who are new to this cryptocurrency or virtual currency Dash.Understand" about it. Simply understand Dash is an internet currency like Bitcoin, Ethereum, Litecoin, Zcash,..Used for quick online transactions, purchases and payments without depending on any intermediaries (Like banks). Hope the article "What is Dash? Learn about Dash cryptocurrency" of the Cryptocurrency Blog will provide you with useful information.

4.8/5 - (13 votes)

2 COMMENTS

  1. Oh Add. Ask. I want to invest in DASH but I don't know where to buy and sell. Remitano doesn't have one. I just saw Giaothuongtienao.com, but it's too new, I don't know if I can trust it?
    Please add just help.
    Thanks very much

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Virtual Currency Bloghttps://blogtienao.com/
Hi, I'm Hen Vai, Founder of Blogtienao (BTA), I'm very passionate about community, that's why blogtienao was born in 2017, hope the knowledge on BTA will help you.
- Advertisement -