A Dive Into Dash : Why You Need To Invest In Dash
Dash is a peer to peer decentralized electronic cash. The main purpose of Dash is for it to become like liquid cash just like National currencies like the Euro and the Dollar
Dash (Digital Cash) is an open source Blockchain which is built upon the Bitcoin Blockhain with the addition of features like instant transactions and the much desired privacy. The Dash community is pretty well knit and there are a level of community solidarity shows that the Dash Blockchain will stand the test of time
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I am a member of the Dash Discord community and I can say that I am happy with the level of commitment that is being shown by community members despite the coin current price of $304 which is a long drop of the high price of $1,286 in December last year
Origins And Qualities
Dash was created by Evan Duffield who worked previously as a software developer for companies like Wells Fargo and Verizon Wireless. He heard of Bitcoin and after studying the Bitcoin Whitepaper he was inspired to create a coin that will cover up for some issues being faced by Bitcoin
This was because changing these issues would require a change of the Core code , something Evans knew would not be approved by Bitcoin's core developers so he went on create a fork of Bitcoin that will bear the desired characteristics
Dash was originally released by Evans as XCoin ( XCO) in February 18 2014. The name was changed to "Darkcoin". The Project ran into some issues as the name suggested that the Coin will be used to facilitate trade on the dark web
The anonymity provided by Dash did not also help issues and after much controversy, the name was finally changed to DASH a combination of Digital and Cash
Dash operates much differently from other Blockchains. While other Blockchains make use of nodes to mine for new coins and also verify Blockchain transactions. Dash has an additional set of nodes called "masternodes" , which gives the Dash network some added functions
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Dash Governance Model
The presence of Masternodes gives Dash a unique governance model
Nodes are programs that validates transaction and blocks, they are servers that are connected to the decentralized cryptocurrency network
There are often two categories of nodes- Full and Lightweight nodes. The full nodes download a copy of the Blockchain and use it to validate or reject transations based on the network concesus rules, this helps add to security and efficiency
Lightweight nodes don't download a copy of the Blockchain this enabels them to run faster and easier, they however still need the Full weight nodes to function
Masternodes gives the owner or owners the right to complete unique functions on the Dash network. Masternode owners have voting rights on issues affecting the future and development of Dash
Masternode owners are rewarded 45% of Block rewards and the amount of Dash you need to run a Masternode is 1000, you will also need a dedicated IP address which must have a minimum uptime of 23 hours daily
Dash is a more secure Investment than other currencies because rather than receiving interest relative to initial investment, Masternode owners receive an interest relative to the number of services that the Masternode performs for the Network
So as the value of Dash groes so does the Value of returns of Masternode owners
Investments
I am currently Invested in Dash and I will advice you to do the same. It is one of the Cryptocurrencies that have a clear purpose, this is different from other coins calming to have the ability to disrupt everything
The Instant send feature which have a confirmation period of 1.5 second means that Dash is on its way of becoming a standard of payments worldwide, and they are already making giant strides, I will talk more on that later
The governance model of Dash also shows that the Dash Blockchain is truly decentralized. Each Masternode is allocated one vote on every proposal which helps foster democracy on the Dash network.
One of the most famous vote proposal was that which enabled Amanda B. Johnson market Dash. This helped the Cryptocurrency gain popularity over a short period of time. I personally heard about Dash from a Youtube Video created by Amanda .B Johnson
This shows that Dash has the funding and the Manpower to help it achieve rapid development and Market Adoption
Designed On Canva
Patners
Dash has Secured a lot of Patnerships over the past few months that saw more and more people use the Cryptocurrency for online Payments
Bitrefill which enables user to top up their Mobile phones with Bitcoins and Altcoin has a Patnership with Dash, which means you can top up your Phone with Dash from anywhere in the world
Dash also have patnerships with Web Stores like Brave New books , Yipptee and Crypto Miners shop
Business services like Ether Design and PAART GMBH are not left out
Dash patners include Debit Card Companies like Bitwala and Wireex. There are also four other Debit Cards that are Dash enabled
You can find more list of Dash Merchants Here
Thanks For Reading
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Uhmm think am gonna start investing on dash..its really making a lot of sense crypto world is going into a great expansion @ogochukwu
Yes you can accumulate Dash whenever possible. It is a good project @chyshanny1
Hey, Do you think its worth it to HODL Bitcoin at the moment? Followed you too
Of course Bitcoin is one of the best coins to hold at the moment.
i got into dash aroud 2017 and i regret not getting a masternode then.
I believe that lessons are one of the things that make Crypto great and I am sure you won't miss such opportunity if it shows up again
Lol it has happened again oh. I didn't buy EOS since last year
That is eh! I bite finger for am. Imagine, when Dash was still like $40 or so 🤦😞
I really wished to invest in all of these coins but lacking capital to start-up
That is one of the most precious things about Steemit; you can earn crypto basically for free. With Steem or SBD, you can change to BTC, Dash, ETH, Doge, LTC and many others - that puts you in the crypto game.
@ogochukwu
Thanks a lot for this clear review on Dash.I have for long pictured Dash to be one of the promising coins worthy to be invested on, that was why I started mining it when the price was still low and I guess with this review, am good to go. Then as regards some terminologies you just mentioned, masternodes and lightweight nodes, please I need more elaboration that.
Thanks for sharing once again.
I am not really sure what you meant by mine. Was it faucets or did you run a node ?
Faucets.
This is interesting to hear about, especially the new innovations that's was brought in which make it's stand tall among others .
My only hope is that one day I will be able to use it and pay after shopping in ShopRite.
@ogochukwu how possible is there??
😀😀😀
Very possible If Dash secures a patnership with Shoprite
I will be looking forward to that. When that happens I will then know that technology and crypto currency have taken over the world. Till then, I keep my fingers crossed, patiently waiting.
this is very very interesting and a welcomed venture , i heard about dash before in early 2017 but didnt give it a listening ear.
but with this new innovation, i believe it will go far.
thanks @ogochukwu for this infomation.
Thanks for reading @egbujorvictor
Well I’m not really convinced about this dash coin errmmm but the points you gave out by why one must invest really hit the nail on the head. I have heard about it before but what I’m reading now it seems I’m having mixed feelings about maybe I should or shouldn’t invest. If I may ask is dash on exchange yet? I hope to hear from you... it took me about 15 mins to read through and it’s really informative.... keep at it and I’m following you right away....
Hello @segunreus
Yes Dash is listed on Exchanges like Bittrex Binance and Poloniex. You can also check more exchages here
Thanks for following
You welcome always 😃
Oh, I love Dash. Aside from Steem/SBD, it is easily the coin I have the most confidence in because unlike almost all the others (including Bitcoin that just sits on its laurels relying on name recognition and network effect), Dash has purpose, funding and a solidly determined team promoting it in the real world.
Between that deal they made with an American university, their penetration of Zimbabwe (or was it Zambia) and the deals they are making with big international money transfer companies, Dash is a coin I trust no matter where the market goes.
This combined with what @ogochukwu wrote has finally convinced me to invest in Dash. I have not invested in cryptocurrency because of how unstable the market is, but I would surely invest in Dash before the end of this month.
@ogochukwu, how realistic is it for Dash to become like liquid cash?
I know a friend, Nathaniel Luz who sometimes reward businessmen who accept Dash as a means of payment for any transaction, but I just don't see people really using it in the nearest future.