SEASON 2 | Week 8 ] Steemit Crypto Academy Homework Post for @levycore | Privacy Coin [DASH] |

DASH Coin

DASH is a blockchain-based digital currency that can be used to receive and transfer payments. It was created with the intention of providing greater anonymity and transaction speed than Bitcoin, thanks to a feature known as Masternodes.

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Evan Duffieldin released DASH on January 18, 2014, as a mixture of "Digital" and "Cash." It was first known as “Xcoin (XCO)”, before being renamed “Darkcoin” on January 28, 2014, and eventually “Dash” on March 25, 2015.

How to get DASH Coins

DASH coin can be gotten in 2 ways

Mining DASH

DASH coin, like Bitcoin, uses the Proof-Of-Work (PoW) algorithm, which means that a miner or group of miners uses a powerful computer to solve a math problem. The first miner to solve the problem creates a new block on the blockchain that verifies and confirms transactions, and they are rewarded 45 percent of the DASH reward.

The fundamental analysis of DASH coin

Analytical foundations The process of determining the market value of an asset is referred to as simple.

Fundamental analysis can be carried out by examining the asset project and market behavior in order to forecast the asset's future performance.

Today, I'll look at the price behavior and statics from Coinmarketcap to conduct a fundamental analysis of the DASH coin.

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Price	$188.57
Market Cap	$1,920,702,689
Fully Diluted Market Cap	$3,572,212,943
Market rank	No 53
Volume	$523,275,335
Volume / Market Cap	0.2727
Circulating Supply	10,162,126.78 DASH
Total Supply	10,162,127

Let look at the price chart of DASH coin

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Looking at the price chart of DASH from the above screenshoot, it started at $0.2139 (All time low) back in 2014, and during the bullish run in 2017 it reaches an all time high of $1,642.22, now DASH is trading currently at $188.57 that is almost -88%..

Other fundamental analysis

The fundamental analysis of an asset doesn't only involved the price, market rank and volume. It further involved the asset project, whitepaper, website, the developer and the firm that supports the asset.

I will be taking about DASH coin some other fundamental,

The official website and location DASH coin has two website, the official website where the DASH wallet can be downloaded and the one that published Blogs and News. The company is located in USA, 1846 E INNOVATION PARK DR #100 ORO VALLEY, AZ 85755.

Open Communication User can interact with other users of DASH coin on social media on Slack, Linkedin, Discord and Instagram.
You can also contact the support team on email for help and assistance

Whitepaper and Roadmap checking the whitepaper and roadmap of DASH the project, vision and mission o the Coin can be seen.

Team and Developer There are 29 developers, this is the link to the official team Page Here. Ryan Taylor is the CEO while Bob Carroll is the CTO.

2. Describe the steps in creating a wallet for the Privacy Coin of your choice. (Screenshot required)

There are a variety of wallets that can be used to store DASH coin; I'll be visiting the DASH coin official website and downloading the Android app wallet.

First, I go to the DASH coin official website and click on "View all App."

I'll be taken to a new page where I'll have to decide if I want the app on Google Play or the APK.
As a result, I prefer the Google Play Store and select "Google Play Download."

Now I go to the Google Play Store and click "Install" to get the DASH wallet.

After successfully downloading the software, I press "Open" to begin using it.

I select "Get started" from the DASH wallet's home page.

Make a new pin and double-check it by entering it again.

• After that, I click "Secure now" to protect and back up my keys.

• I select Show recovery phrase to display my 12 recovery phrase words.

• After seeing the 12 words, I jot them down on a piece of paper, which I later filed away. Then I clicked "Continue" after marking "I write it down."

My wallet was successfully setup, and you can view my balance in Naira (NGN), my local currency. The possibility to receive and transmit DASH cryptocurrency is also available.

3. Explain the reason you chose the Privacy Coin. (State the advantages and disadvantages)

DASH is one of the most popular privacy coins, and it not only solves the privacy problem, but it also has a fast transaction speed when compared to Bitcoin and other non-privacy cryptocurrencies.
DASH cryptocurrency offers a number of features, including Instantsend, which allows users to conduct transactions instantly, Privatesend, which allows users to conduct transactions without leaving traces, and Decentralized Governance, which is designed to help DASH grow and improve.

Another compelling reason for my choice of DASH is the Masternode features, which allow users to earn DASH via mining.
Looking at the DASH whitepaper and roadmap, it appears that the coin has a lot of potential. The company has also provided some social media where users can interact with one another, as well as an email address where users can contact for support.
When it comes to DASH's basic analysis, we can observe that it did exceptionally well throughout the bull market of 2017, reaching an all-time high before plummeting. It is presently ranked #53 on the market, which is a respectable position for a privacy coin.
On the other side, there are some advantages to DASH cryptocurrency and also disadvantage

Advantage

• Due to the Instantsend functionality, DASH cryptocurrency confirms transactions incredibly quickly.

• The Decentralized Governance feature of the DASH coin allows the system to earn revenue from mining rewards to upgrade and enhance the DASH system.

• In comparison to Bitcoin and other non-privacy coins, DASH has an extremely cheap transaction fee.

Disadvantages

• Due to the privatesend function, many criminals have utilized it as a form of transaction because the transaction cannot be traced back to them.

• Other privacy cryptocurrencies like as Monero and ZCash are putting a lot of pressure on DASH. It is claimed that Monero's privacy is superior than that of DASH.

• The government opposes it because many people use it to avoid paying taxes.

Conclusion

DASH currency is unquestionably one of the most popular privacy coins; the system was designed in such a manner that no one in the world can track a user's transaction, whether the sender or the receiver; it also has some incredible characteristics such as instant transactions and privacy features. The self-funding features, in which the system earns 10% of the mining reward to build and improve the DASH system, however, there are some flaws in the system, as many criminals use the private send features to conduct illegal transactions, and others use it to avoid paying taxes, which the government does not support.

Thank you all for reading!!

Cc: @levycore