DASH CRYPTOCURRENCY. COIN REVIEW. THE HISTORY OF DEVELOPMENT

In this article, we will take a look at what is Dash Cryptocurrency? Internet users have already got used to the new word “bitcoin”. But enthusiastic programmers do not even think to stop. The result of the next improvements – the Dash cryptocurrency. Its popularity may not be as great as that of Bitcoin, however, it is considered one of the most stable. At the end of October last year, the trading volume of Dash was over a billion dollars.

Contents:

1. Dash cryptocurrency. Emergence and development
2. Dash course. Price fluctuations
3. What is Masternode?
4. Dash’s wallet. How to store a crypto coin?
5. Dash cryptocurrency. Advantages and disadvantages

1. Dash cryptocurrency. Emergence and development

The history of the Dash cryptocurrency is slightly more interesting than other altcoins. When creating the first version of the coin, a mistake was made, which they tried to fix, but … It is worth listing the main stages of promoting Dash on the cryptocurrency market:

• In January 2014, a new coin was launched by Evan Duffield. The coin was named XCoin. Unfortunately, the developers made a serious mistake in the source code of the coin. Miners were able to open new blocks at an incredible speed. Needless to say, almost half a million XCoins were mined within the first hour after the launch of the project. Within seven hours, another million coins were mined.

• To smooth over the unpleasant impression of the failed launch of the new coin, after fixing the error, the project leaders gave the coin a new name – Darkcoin. It is not known why this particular name was chosen for the coin, however, it did not bring luck to the coin. Many users associated it with the Darknet and were in no hurry to invest.

• March 2015 finally led to the victory, the coin got its current name – Dash. The capitalization of Dash began to grow and attract more and more users.

2. Dash course. Price fluctuations

Of course, compared to Bitcoin, Dash is a very young cryptocurrency, but during its existence it has experienced ups and downs. So:

1. Dash was only two cents worth at launch. At the end of the spring of 2014, there was an incredible rise: for one coin they paid 13 dollars;

2. over the course of the year, the Dash rate was slowly falling; in March 2015, the coin could be bought for two dollars. And again, there was a rise, the price rose to $5.7 and for a long time the rate remained stable;

3. by the end of winter 2017, the exchange rate of the coin reached $ 13, moreover, the growth was calm and steady. And again, an incredible jump in price – the cost of Dash is $100;

4. the peak of the Dash rate – $1499 per coin. The price of the coin went up and down throughout 2018 and it was $155.7 per Dash in October.

3. What is Masternode?

Masternode — a user, who owns a powerful enough computer to become one of the links in the Dash chain. In order for the Masternode to be interested in the operation of the network, that is, to spend Internet traffic and a huge amount of electricity, the company’s management must interest it.

The excitement has subsided and the masternodes are getting smaller. Desh developers have to pay 45% of the mining fees to Masternodes.

The system cannot function normally without a Masternode. It is these communication nodes that provide synchronous user actions and distribute important information between all network users.

It is quite easy to become a masternode, especially since the developers welcome the emergence of new communication nodes. If you have more than 1000 Dash on your account, you can already become a part of the network and get profit from mining.

The work of masternodes gives special advantages to the Dash system:

Advantages of masternodes in the Dash system:

As you can see, the Dash system is quite democratic, many users can take part in its development.

4. Dash’s wallet. How to store a crypto coin?

It is probably not worth telling what electronic wallets are, everyone has known this for a long time. But, like some cryptocurrencies, Dash cannot be stored in every wallet. There are several popular Desh storage locations:

• DashCore — a cold wallet that you install on your desktop computer. But, do not forget that you will have to load the entire chain into memory in this case;

• Hash Engineering Solutions — a mobile application for smartphones, based on Android. Instant transactions, backups, code scanning, Dash rate tracking are available;

• Dash Wallet — a mobile application for the iOS operating system. This wallet has a number of advantages, including: complete anonymity, offline transactions and so on;

a hardware wallet that you can connect to any computer. It looks like an ordinary USB flash drive and only you know the access password;

• Ledger Nano S — one of the safest ways to store coins, however, the cost of the device is quite high.

5. Dash cryptocurrency. Advantages and disadvantages

It is very important for potential investors to initially study all sides of the cryptocurrency in which they are going to invest. So, the positive aspects of Dash inсlude:

• The relative stability of the cryptocurrency. With all the “jumps” in the Dash rate, it occupies top positions in terms of capitalization.

• The platform developers do not stand still and are constantly working to improve and promote Dash.

• The ability to take part in the development of the system.

• The Dash rate suggests that this coin is quite stable, and under the current circumstances, its price will rise.

• Complete anonymity of transactions. Unlike Bitcoin, Dash exchange operations are reliably protected.

• High speed of exchange operations.

• Dash mining is much cheaper than mining the same bitcoin or other electronic coins.

The disadvantages of Dash – not a very successful start. A bug in the code, a new name that alienated some investors, has robbed Dash of much of its popularity. And technologies do not stand still, programmers not only implement blockchain in various fields of activity, but also come up with something new constantly.

In conclusion, we can say that Dash is the same cryptocurrency as many others. Many users believe in it and invest their money. It is possible that by spending a relatively small amount now, you can get a very decent income in the future.