A Beginner’s Guide to Dash cryptocurrency

April 17, 2018 Quick read

There are over 1500 cryptocurrencies in the market and the competition is fierce between each cryptocurrency. The prominent cryptocurrencies are designing their cryptocurrency to be better so that they don’t lose their spot on the list of best cryptocurrencies, where other cryptocurrencies are trying to do the same so that they can be better than the popular ones. This competition has given birth to a better breed of cryptocurrency with high-end technology and great data security. One of those cryptocurrencies that fall under this category is Dash.

What is Dash?

Dash is a cryptocurrency which was popularly known as Darkcoin and Xcoin that is open-source peer-to-peer cryptocurrency. The Dash has perfected itself in regards to the technology and security measures so that it can gain prominence in the cryptocurrency market. Unlike Bitcoin, Dash uses a two-layered network where the first-layer creates new nodes and blocks and the second-layer controls the number of generated Dash coins and the flow of transactions.

History of Dash

The Dash was introduced in 2014 where it was referred as XCoin which was then changed to Darkcoin and later to Dash. The value of the Dash coin was $11 in the starting of 2017 and made it to $200 by the end of the year. The current market capital of Dash has now estimated over $ 1.5 billion dollars. This market capital has made Dash coin the 5th biggest and successful cryptocurrency in the world.

Advantages of Dash

·        The Dash can be used for commercial transactions and can be spent anywhere.

·        Dash has enabled a feature known as PrivateSend that can mix coins through Masternodes to make the transactions completely anonymous and untraceable.

·        The payment confirmation is much faster than other cryptocurrencies.

·        The security of the transaction is confirmed by miners who collectively host thousands of servers around the world.

·        Dash is more shopping-centric cryptocurrency rather than a mining-centric cryptocurrency.

How to Get Dash Coin?

Buy Dash Coins

The Dash coins are easily available on online platforms and that can be bought by spending federal currency. The Dash coins can be bought and can be stored on different types of wallets such as hardware wallets, cloud wallets, and you can even opt for Dash wallets that are available for mobile and desktop devices. Hence the Dash coins can be bought easily and can be spent or can be kept as an investment in the wallet.

Exchange other cryptocurrencies for Dash

Many investors try their luck with Bitcoin when they buy any cryptocurrencies and as the market of Bitcoin is the best currently it is a good idea to invest in Bitcoin. Even though the market for Bitcoin is blooming, as an investor it is a wise idea to collaterally invest in other crypto coins. This doesn’t mean that you have to buy new cryptocurrencies; you can opt for online exchange services where you can exchange Dash coins for Bitcoins.

If you are looking to buy Dash coins for investment purposes or shopping purposes then it is a wise decision. The current market value and the history of Dash market value suggest a staggering growth of Dash coin. The above factors regarding the security and advantages also claim a prosperous future of Dash coin.