Mar 21, 2018 - 10:59:01 AM UTC
Value and price movement of DASH is different in USD and BTC markets.
Price has moved 9.92% (USD) or 2.62% (BTC) in the last 24h.
Market Cap Rank: 12. of 1000+
Dash trading volume was 112,537,000 USD in the last 24h with circulating supply of 7,959,040 DASH.
Dash (DASH) Price graph
Dash (DASH) price in fiat
About Dash (DASH)
Dash is a privacy-centric digital currency with instant transactions based on the Bitcoin software, but it has a two tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash.
Unlike Bitcoin with the Dash anonymization technology it is impossible to trace transactions on the Dash blockchain.This is very important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. Dash does this through a mixing protocol utilizing an innovative decentralized network of servers called Masternodes, which is avoiding the need for a trusted third party that could compromise the integrity of the system.
Dash takes things further by utilizing a two-tier network. The first tier works in the same way as Bitcoin: miners find blocks and post transactions to the blockchain. But the second tier, comprised of special servers called Masternodes, enables additional features such as instant transactions (InstantX), private transactions (Darksend), and decentralized governance and budgeting.
The Dash client stores pre-mixed, denominated Dashs in the user’s wallet, to be used instantly at any time the user desires. The mixing and denomination process is seamless, automatic, and requires no intervention on the part of the user.Depending on the desired level of privacy, users may select between two and eight “rounds” of mixing. The desired mixing depth can be selected in the client GUI.At the end of the anonymization phase, the user’s coins are returned to their client at a randomly generated change addresses. When the user wishes to make a transaction, the client forwards the intended amount from these anonymous change addresses directly to the intended receiver’s address.
Dash has also developed a decentralized system to govern and fund the future development of the project. Anybody can come up with a project or idea to help develop the Dash ecosystem and submit it to the network. The proposal will then be voted on by Masternode owners and if approved by at least 10% of the network’s Masternodes, the proposal will be considered approved.