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.
Dash price
(DASH)
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$199.47
-3.03%
Market stats
$2.1B
$209.0M
10.3M DASH
24 days
#33
About Dash
Dash is a cryptocurrency with optional speed and privacy features. Its unique network architecture consists of both regular miners and privileged machines called Masternodes.
Resources
How it works
Dash uses a unique consensus mechanism that isn’t quite like Bitcoin’s proof of work or like Cardano’s proof of stake (even though it is based on staking). Instead of requiring transaction confirmation from all of the network’s nodes, special validators called “Masternodes” can instantly verify a transaction.
Each Masternode is incentivized to be honest because they must have at least 1,000 of their own DASH staked. This staked DASH can be “slashed” if the Masternode validates an improper transaction. In exchange for doing the work of verifying transactions, Masternodes earn rewards.
Keep in mind
Dash is designed to be also self-governing and self-funding, which helps position DASH as a sustainable and useful cryptocurrency for sending and receiving payments.
Released: January 2014
Dash is on the rise this week.
The price of Dash has risen by 2.84% in the past 7 days. The price declined by 3.03% in the last 24 hours. In just the past hour, the price grew by 0.90%. The current price is $199.471 per DASH. Dash is 87.85% below the all time high of $1,642.22.The current circulating supply is 10,337,300.992 DASH.Top stories
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