What is Dash (XCoin)?
Dash is an open source peer-to-peer cryptocurrency which is formed based on Bitcoin Software. It currently offers instant transactions, private transactions, and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash’s decentralized governance and budgeting system makes it a decentralized autonomous organization(DAO).
Dash (XCoin): History
Dash was originally released as the Xcoin on 18 January 2014, by lead programmer Evan Duffield. On February 28, the name was changed to “Darkcoin.” On March 25, 2015, Darkcoin was rebranded as “Dash.” Dash is a portmanteau of “Digital Cash.” Within the first two days of launch, 1.9 million coins were mined, which is approximately 10% of the total supply that will ever be issued. Dash has become the most active altcoin community on BitcoinTalk reaching more than 6400 pages, 133k replies, 7.9M reads.
How does Dash (XCoin) work?
Dash coins work in the same way as bitcoins but unlike the single-tier networks of Bitcoin, it is utilizing two-tier networks. The first tier is designed on the same blueprint as of Bitcoin where user relay transactions to the network and then miners put these transactions to the blockchain. The innovation and rapidity of dash coin come with the second tier that contains master nodes. These are special servers that add speed, privacy and decentralization to the networks.
Features of Dash (XCoin)
The Dash coin cryptocurrency was made over the network of Bitcoin as an attempt to solve the shortcomings the network of Bitcoin might have. herefore in a certain technical sense, we may call Dash coin as an improved upon forked version of the Bitcoin digital cryptocurrency. It has got many additional features which the blockchain of Bitcoin does not have. The most uniques feature that attracting Dash is its privacy, (that is a third party cannot involve), Instantaneous Transactions, Security ( encrypted advanced method of encryption and deploys a protocol), Worldwide Expansion (One may send money to any part of the world at a very low transaction fees ).
How to buy Dash (XCoin)?
Before starting the process of buying Dash the users will need to get a Dash wallet. Like others, there are different types of Dash wallets. For large amounts, it is better to use Hardware wallet and for other purposes, mobile or desktop wallets can be used. Then buy Dash. Who have bitcoin with them can easily trade it for Dash on an exchange website such as Changelly, Shapeshift etc… Also, it can be purchased using a credit card ( CEX.io, eToro, BitPanda) and wire transfer (Kraken, AnyCoinDirect).
Dash (XCoin): Price Prediction 2018
Dash began its journey in 2014 and is currently the sixth largest cryptocurrency in the world by market cap just behind Bitcoin, Ethereum, Bitcoin Cash, IOTA, and Ripple. Dash has had an improbable run in the year 2017. It rose from just $11.21 to $578.85 in November. The price of the Dashcoin today is $1,208.95. It has marked the market cap value as $9,431,570,864 and has a volume of $236,938,000. Its circulating supply has shown 7,801,457 DASH. The analysts say that in 2018 Dash price will surge close to $1272 which will be a total growth 27.3% and many of the users of other coins such as Bitcoin comes to know about Dash. Dash price, Dash history, Dash news, Dash price chart, how to buy Dash, Dash exchanges, Dash wallets