Hello Everyone.

First of all, I wish everyone who read my homework a good and healthy day.

The topic of this week's assignment is Privacy Coins. Before I start the assignment, I would like to give a very short information about Privacy Coins.

Privacy Coins

The main purpose of these coins is confidentiality, as we can see from their naming. So how does this secrecy happen?
Many coins, especially Bitcoin, all transfers are public and traceable, as their goal is decentralization and transparency. Although this logic of transparency was a good thing at first, people would start to care about privacy later on, and it did. For this reason, Privacy coins emerged and the coins that we can do our transactions in a way that can not be followed by anyone were called Privacy Coins.
There are many privacy coins available. These:

• Dash, Monero, Zcash, Beam, etc. There are many Privacy coins such as.

In this week's homework, I will introduce the Dash Privacy Coin to you.

1. Choose a Privacy Coin and perform a fundamental analysis of the coin in detail.

Dash

Dash first appeared in 2014. Dash was created by software developers Evan Duffield and Kyle Hagan. The name of this project has been changed twice. When it first appeared, it was marketed as XCoin. It later changed its name in 2 weeks and became DarkCoin. On March 25, 2015, it took its current name and became Dash.

Dash is a cryptocurrency like Bitcoin and uses blockchain technology. The main reasons why the Dash cryptocurrency is so popular is that it offers good privacy, transaction speeds and low transaction fees.
If we want to examine the features that Dash offers us under a few titles, we can classify them as follows.

• Masternodes (mining)
• InstaSend (speed)
• PrivateSend (privacy)
• Micro Transaction Fees

Let us briefly describe these features.

Masternodes

Masternods form the basis of the Dash network. There is a system where there are miners who approve transactions in Bitcoin and receive rewards thanks to these confirmations. In Dash, this situation changes. Dash has both miners and Masternods.

We can say that Masternodes are servers that approve private and critical transactions (such as InstaSend, PrivateSend) in the Dash network. A minimum stake of 1000Dash is required if any user wishes to become Masternodes.
These Masternodes fulfill the network's security and fast transaction capabilities. When they perform these operations, they are rewarded by the network.
A Masternode is rewarded with 45% of the reward earned from mining. The award distribution is as follows.

• 45% to miners
• 45% masternodes
• 10% network improvements

InstaSend

Thanks to the InstaSend system, long waiting times for transactions are eliminated and your transaction is processed and approved in 1 second. So how does this system work? In decentralized systems, miners are used to verify transactions. In this system, transactions take place through masternodes. In this way, our transaction takes place directly without waiting for block approval. However, if your transaction does not reach consensus, your transaction will take place with normal block approval.

PrivateSend

This system is a coin comparison system. In this system, instead of a single site, multiple masternodes are compared, which includes chaining, confirming certain quantities (such as 0.01Dash, 0.1Dash, 1Dash, etc.), and Masternodes such as passive mode. The transaction limit with this system is 1000Dash. Transaction histories of the coins sent/received in this system allow us to perform a personalized transaction without being sent to third parties.

Micro Transaction Fees

This feature is one of the main factors that cause Dash to develop and rise. Bitcoin and etc. The transaction fees for coins are quite high and take a long time. But this is not so for Dash. In Dash, we can perform your transactions very quickly and with very low micro fees.

We can even say that Dash has made this feature a slogan. When you enter Dash's website, the first screen that welcomes you reads:

• “Your Money, your way.”
• “Move Dash in a second for less than a cent. Any amount, any time, anywhere.”

source

Dash Market Analysis

• Ranked 52nd in the Dash Coinmarket ranking.
• It has a total supply of 18.900.000. There are 10,166.667 Dash in circulation and this value is 54% of the total Dash amount.
• The instant price is around 194 dollars.
• 24-hour trading volume is $588,407,647.
• Its market value is $1,972,296,011.

This information is taken from the coinmarket website. You can see it in the screenshot below.

source

The number of Exchanges and Brokers on which Dash is listed is +268, the number of Merchants and Services is +4.350, and the transaction speed is 1 second as we said before. This data is also shared with users on Dash's own site.

source

How to create a Dash Wallet?

I will show you how to create a Dash Wallet with screenshots.

• First of all, I write "Dash Wallet" in the App Store because I use an IOS device.
• We are downloading the application that I have shown with the box in the options.
• After the application is downloaded, we say open and open the application.

• Then we click on the other button on the screen that appears.
• When we click on the Start button, the options to create a new wallet and recover the wallet appear.
• Click on Create New Wallet.

• Then a password creation screen appears. After creating our password from here, it gives us an option to "show the recovery phrase". We choose this option.

• In this step, he asks us to enter again by noting the words he gave us. I have hidden the words as these steps are personal information.

• Then, after our transaction is confirmed, we select the option to continue.
• Our wallet has been successfully created.

My reason for choosing Dash Coin is the Advantages/Disadvantages of Dash.

Although Dash has many features, the most attractive features for me were its speed and privacy. The importance of privacy is undeniable. In any transaction, it is really important that people are not known in some cases. Because sometimes we don't want everyone to see everything we do.

Speed is another point that cannot be discussed. 1 second transaction speed is very fast compared to other coins (BTC, ETH, etc.).

Advantages:

• As we mentioned before, one of the most important advantages of Dash is privacy. Thanks to coin comparator systems, users can hide their identities.
• Another biggest advantage is that the transactions are very fast.
• Since Dash is a self-managed system, it can keep transaction fees at micro levels.

Disadvantages:

• Although privacy is considered an advantage for Dash, it can be a disadvantage when used for illegal purposes.
• The masternode system can bring monopolization in the system and this means the danger of centralization for decentralized systems. And that is why the popularity of such coins is somewhat less than other coins.
• Again, due to the high level of confidentiality, many states do not approve its use within the country because it cannot reach individuals.

Conculison

In this course, I got very good information about Privacy Coins. I have never reviewed Privacy coins in such detail before.
When I researched and reviewed the Dash privacy coin, I learned that it is indeed much more user-friendly than other coins in terms of privacy, transaction speed, and low transaction fees. Although the price is at a reasonable level at the moment, I think it may rise to the level of 1500 dollars in the future, as in 2017.
Dash is also a nice feature that we can use for our daily needs (shopping, travel, etc.). I hope that in the future, such cryptocurrencies will be used more in daily life.

Thank you to everyone who read my assignment. I would also like to thank professor @levycore for this beautiful and instructive research homework.

CC: @steemitblog
@levycore