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What we will discuss today:
• What is Dash?
• What advantages does Dash have?
• What is #DashWallet?
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What is Dash?
At the end of 2017, Dash ranks seventh in terms of capitalization among all cryptocurrencies. The launch of the #cryptocurrency, which at that time was called Xcoin, occurred on January 18, 2014, from January 28, 2014 to March 25, 2015 it was named #Darkcoin. Actually this name gained a significant share of popularity. In March 2015, they held a rebranding, changing its name to DASH - while all the components of the project remained unchanged. The general desire to remain anonymous cryptocurrency No. 1 has also been preserved.
In summer 2015, Dash implemented a system of built-in decentralized voting. During the first stage of voting, the owners of Masternode decided to introduce a system of decentralized management and financing. It becomes the basis for the further long-term development of the project.
Some important statistics for Dash (#DASH) 04-12-2017:
Total market cap: $5.790.031.833 - 517,908 BTC
Largest markets: Bithump, Bitfinex, Poloniex
Roadmap: http://steem.link/SJ7t1
Circulating supply: 18,900,000 DASH
Coin price at this moment: $725-770 USD
Want to trade directly? Go to: https://www.binance.com/?ref=10186659
Pros:
• The master node system;
• The system of anonymization of transactions DarkSend. You can send anonymous transactions (untraceable);
• InstantX transactions verify transactions in just two minutes;
• The original mining protocol X11;
• The optimized mechanism for converting the complexity DarkGravityWave.
• Runs stable when bitcoin has issues;
• The token can be used to trade goods. Other currencies that can only be used in their own network;
• Very user-friendly and low transaction fees (will raise when the 2MB blocks are available);
Cons:
• It’s not so widespread
• Still use the Proof of Work algorithm which is a waste of electricity.
• The blocksize is 1MB currently. A limited amount of transactions can be processed per block at this moment. The 2 MB blocks will be integrated soon.
• A lot of coins are locked for masternode holders. A masternode cost 1000 Dash. This means that the currentmarket capp is not the money that is circulation in the network. (potential risk)
• The Privatesend service has some back and skeptical reviews. It depends on a lot of active users, many users complain about the slow mixing process.
Risks:
• The core team control majority of the master nodes. This means that they can make decisions and have influence in the price of the coins. Just 10% is needed to pass a vote. The core team has that 10% power and can control decisions.
Want more information about profits, costs and payment terms of the masternodes of Dash, please check: http://steem.link/p5gFi
Dash Chart (November) new heights
Wallet
One can easily download program-wallet on the official site of DASH and enjoy using all the advantages of the fast and safe system. Provided level of anonymity is sufficient to protect privacy. This wallet is a software for getting, storing and sending Dash funds. It is easy to use, and as an option you can send Dash anonymously, using the PrivateSend functions. You can also use exchange wallets here:
Team
At the beginning of its story, the developer, Evan Duffield wrote the code alone. Soon a full-fledged team of enthusiasts was formed, several new releases were created, improving the mechanisms for ensuring the anonymity of DarkSend and optimizing the work of the Masternode network.
Nowadays the CEO is Ryan Taylor, CTO – Andy Freer and about 50 other members are on the team. The team is checked and these persons are real. We do not support al ideas from the team but can guarantee the team is full related to the project. Team members are checked.
Scam score: 5% low (Low risk, influence of the team makes is a bit unreliable.)
Totals
Investment advice from our experts: 7.2/10 (investments are recommended)
Teamscore: 7/10 (Team qualities are good and the team has a good reputation.)
Miner conditions: 7,2/10
Share value: Not undersold or oversold (6/10)
Growth potential: 7.9/10 (will grow)
Marketing: 8,5/10 (One of the strongest marketing campaigns)
Has a working product: yes (7,5/10)
Overall score: 7,3
My advice: We think that Dash will grow and stay a stable coin as the counterpart of the Bitcoin and Bitcoin cash. For now hold your positions, when you want to buy wait for a downtrend. When we see the overall score you can invest safely in the coin. Always do your own research!
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Benefits of the coins
Dash is a relatively new cryptocurrency. It develops faster than anyone on the market due to its internal properties. Dash excludes the ability to track other people's transactions since this information is simply not included in the blocks. It is the competence of operators, whose presence is also a difference between Dash and Bitcoin. Operators, in fact, perform the same functions as miners.
Miners information
First of all, it should be noted that Dash Mining by X11 algorithm is different from Scrypt-mining. The power consumption for Dash production is less by 30-40%, so the best way is for nVidia video cards, and also with the help of processors. So you can get Dash on three types of computer equipment: on video cards, processors and on ASIC - special computers that are created exclusively for mining.
Want to start with mining? Calculate your profits: http://steem.link/eYxHx
Conclusion
Dash is also a variation of bitcoin, created in 2014. The main feature of the crypto currency is exclusive anonymity. Dash had some startup problems but runs very good right now. Because of the exponential growth, the masternodes are expensive. When the bitcoins has problems dash will run without any problems. That makes the coin interesting.
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