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Dash

DASH

Price
$45.10
12/7/2022, 3:37:23 PM
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Market

Market stats

Market cap

$497.4M

Volume (24h)

$85.2M

Circulating supply

11.0M DASH

Typical hold time

25 days

Trading activity

Not enough data

Popularity

#45

All time high

$1,642.22

Price change (1h)

-0.02%

Price change (24h)

-2%

Price change (7d)

+5.18%

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Dash is on the rise this week.

The price of Dash has risen by 5.18% in the past 7 days. The price declined by 2.00% in the last 24 hours. In just the past hour, the price shrunk by 0.02%. The current price is $45.10 per DASH. Dash is 97.25% below the all time high of $1,642.22.

The current circulating supply is 11,039,171.934 DASH.

About

Dash is a cryptocurrency with optional speed and privacy features. Its unique network architecture consists of both regular miners and privileged machines called Masternodes.

What Is Dash (DASH)?

Dash (DASH) is a payments-focused peer-to-peer cryptocurrency. Forked out of Bitcoin source code, Dash is an open-source platform that claims itself to be user-friendly, fast, and inexpensive. As per the whitepaper, the Dash project is focused on making financial transactions through cryptocurrency instant and easy to use. Made from the abbreviation of “Digital Cash,” Dash aims to move payments anywhere to anyone for less than a cent. 

Today, major problems in making cryptocurrency get to mainstream adoption are low transaction speeds and high fees. It can take almost 10 minutes for a transaction to be completed. Also, the fee of crypto transactions can sometimes cost more than the transaction itself. To solve these problems, Dash was built to provide users with instantly confirmed transactions for a minuscule fee.

Made on the vision to reach a broader market, Dash is one of the early projects to modify Bitcoin’s code to give it advantages and abilities to make it a preferred medium of exchange. Some of the advantages of Dash are:

  • Fast Speed: The transaction of Dash is confirmed within seconds, thereby taking very little time to validate a transaction. A full block is created in just two and a half minutes, whereas Bitcoin has a ten-minute block time.

  • Lower Fees: A Dash transaction costs as low as $0.01, making it an efficient medium of exchange.

  • Privacy: Dash autonomously secures the sender’s and receiver’s details. This can prevent them from being traced and identities not revealed.

Coming to the token, DASH is the native token of the platform. DASH is the token used for financial transactions on the platform. The token is easy to purchase and receive. DASH can be used to pay for coffee, purchase a plane ticket, pay phone bills, pay family and friends, and purchase groceries, electronics, and more. In simpler words, the token is intended to be used for daily transactions between peers. To make the token widely accessible, the platform has built its proprietary mobile wallet app to send and receive DASH tokens, which are available on the Google Play store and Apple’s App Store. 

Further, the token has a limited supply and is deflationary in nature, i.e., the tokens are burned to an unrecoverable wallet and are put out of the total supply. This deflationary nature makes the DASH token increase in value over time. The DASH token also works as the platform’s cryptocurrency and is available on many exchanges like Coinbase.

As per the whitepaper, the network is run by Masternodes. Masternodes are the servers that execute transactions on the Dash network. These Masternodes are even responsible for Instantsend and Privatesend, which are essential services of the network. 

  • Instantsend: This feature allows users to transfer DASH without waiting for transactions to be confirmed on the Dash blockchain.

  • Privatesend: This feature allows users to send transactions without being identified or traced. 

History of Dash (DASH)

Dash was founded in January 2014 by Evan Duffield. Duffield is a software developer. Prior to Dash, he worked at Wells Fargo Bank and iAcquire.

Forked out of Bitcoin, the project was originally known as Darkcoin. Although having similarities with Bitcoin, the project made improvements in many areas to make it more apt as a medium of exchange. Later, the project was renamed Dash in March 2015. 

During its initial days, the project faced a controversy where 1.9 million tokens were mined within the first two days of launch. Apparently, there was a bug that caused the problem. However, later the mined coins were then distributed through various exchange platforms. 

How Are New Dash (DASH) Tokens Created?

As per the official website, the Dash blockchain is secured by the cryptographic method known as proof of work (PoW). In this process, the powerful processors are used, and together they search for solutions to a mathematical problem defined by the X11 hashing algorithm. X11 is the proprietary mining algorithm that is based on eleven cryptographic techniques and is specially designed to reduce power consumption.

After every successful transaction, a new Dash block is added to the blockchain. The miners are then rewarded for the work they put into validating transactions. These rewards are in the form of DASH tokens.

How Many Dash (DASH) Tokens Are There?

Dash has a maximum supply of 18,900,000 tokens to be mined by the year 2300. The whitepaper suggests that each year, the supply is to be decreased by 7%.

How to Purchase DASH Tokens?

The DASH token is available on several centralized and decentralized exchanges like Coinbase. Coinbase is an easy-to-use and beginner-friendly platform for trading, storing, and converting DASH.

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Reading List

News

CoinDesk • Mar 04, 22

Venezuela Pegs Minimum Wages to National Cryptocurrency: Report

The venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.

Read more

The venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.

The Block • Oct 07, 21

Neobrokerage firm Public.com rolls out crypto trading tools

New York-based neobroker Public.com is launching crypto trading tools, becoming the latest in a growing number of fintech firms to have made the move. The post Neobrokerage firm Public.com rolls out crypto trading tools appeared first on The Block.

Read more

New York-based neobroker Public.com is launching crypto trading tools, becoming the latest in a growing number of fintech firms to have made the move.
The post Neobrokerage firm Public.com rolls out crypto trading tools appeared first on The Block.

CoinDesk • Jul 27, 21

Dash Launches Retail-Focused DashDirect App to Boost Adoption

The app allows users to pay for everyday purchases at national chain retailers with their DASH holdings.

Read more

The Block • Jul 02, 20

IRS seeks info on tracing privacy coins, Lightning network transactions for pilot program

The U.S. Internal Revenue Service (IRS) has put out a call for information about potential tools it can use to track different types of cryptocurrency transactions as part of an investigative pilot program. The post IRS seeks info on tracing privacy coins, Lightning network transactions for pilot program appeared first on The Block.

Read more

The U.S. Internal Revenue Service (IRS) has put out a call for information about potential tools it can use to track different types of cryptocurrency transactions as part of an investigative pilot program.
The post IRS seeks info on tracing privacy coins, Lightning network transactions for pilot program appeared first on The Block.

CoinDesk • Jun 09, 20

Crypto Forensics Firm Chainalysis Adds Tracing Support for Zcash, Dash

The blockchain intelligence firm says it has added zcash and dash to its transaction-tracing products.

Read more

The Block • Feb 24, 20

Over 3.1 billion transactions have been processed across 24 crypto networks in the past decade: researchers

More than 3.1 billion transactions have been made across two dozen cryptocurrency networks over the past ten years, a company that tracks the Ethereum transaction mempool found. The post Over 3.1 billion transactions have been processed across 24 crypto networks in the past decade: researchers appeared first on The Block.

Read more

More than 3.1 billion transactions have been made across two dozen cryptocurrency networks over the past ten years, a company that tracks the Ethereum transaction mempool found.
The post Over 3.1 billion transactions have been processed across 24 crypto networks in the past decade: researchers appeared first on The Block.

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FAQ

What is the current price of Dash?

The price of 1 Dash currently costs $45.10.

What is the market cap of Dash?

The current market cap of Dash is $497.37M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Dash?

The all-time high of Dash is $1,642.22. This all-time high is highest price paid for Dash since it was launched.

What is the 24 hour trading volume of Dash?

Over the last 24 hours, the trading volume of Dash is $85.24M.

What other assets are similar to Dash?

Assets that have a similar market cap to Dash include IOTA, PAX Gold, eCash, and many others. To see a full list, see our comparable market cap assets.

How many Dash are there?

The current circulating supply of Dash is 11 million.

What is the typical holding time of Dash?

The median time that Coinbase customers hold Dash before selling it or sending it to another account or address is 25 days.

What is the relative popularity of Dash?

Dash ranks 77 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Dash?

Currently, 90% of Coinbase users are buying Dash. In other words, 90% of Coinbase customers have increased their net position in Dash over the past 24 hours through trading.