Current PriceR$ 518.34
Last 30 Days
Dash was introduced by creators Evan Duffield and Kyle Hagan. The currency incorporates several important innovations, some designed to increase anonymity and others simply to improve the functioning of the system. Its main purpose is to act as a kind of electronic box, providing an unprecedented level of anonymity in the mound of crypto coins.
Evan Duffield is still actively developing the Dash. Dash is still slowly being accepted by retailers, especially independent companies. Its value per currency is also one of the highest in the market.
The key innovation of Dash is its "Darksend" system: to make your operations intractable, specially designated computers called "Masternodes" collect and execute multiple transactions at once, making it clear which currencies are going to whom, such as an electronic game massive three-card mound. To increase anonymity, users can opt for multiple rounds of blending to overshadow the source of their currencies.
This system also means that there is no public record, as it exists with other currencies, making it difficult to analyze your transactions and calculate your holdings. Dash's anonymity is not perfect - it still has some cracks for the ID. However, Dash is still the most privacy-aware encryption available today.
Another key feature of Dash is its "hashing X11" algorithm. Most other currencies use Scrypt or SHA-256 for their "proof of work" systems, but X11 is a unique alternative because its design allows users with less powerful hardware to compete to verify the transaction and , therefore, the coins mined. While other currencies have quickly become dominated by users who use custom mining hardware, the Dash is a hope for a more democratic mining environment. X11 also consumes 30% less power than Scrypt and therefore significantly relieves hardware, making it an energy-efficient alternative.
In the future, Dash developers expect to add IP obfuscation to anonymize more transactions, instant payment processing, and other features yet to come. The retailer's acceptance remains low, but around $ 3 per coin, the Dash value is surprisingly high for an "altcoin" currency. In addition, Dash is unusual in that it actually increased in value earlier this year, with the market capitalization of the currency nearly doubling.
The cryptographic market is still new and therefore uncertain. The unique features of Dash, however, seem to drive it to a dominant position in the market. If you are interested in doing anonymous global transactions or are simply looking for a promising investment opportunity, Dash offers monetary value and unique utility.