What is Dash crypto-coin ? Dash Explained

Dash Explained | this is the question you will find as more and more people want to trade Dash but at the same time don’t really understand this cryptocurrency and why it is different then for example Bitcoin.

the idea is that Dash you will be able tp spend anywhere  and you should in the future use Dash to make instant, private online payments or or in a  or in a regular store using their secure open-source platform which is  hosted by thousands of users from all around the globe.

so this is the sales pitch, still does not tell you that much , so let me get in a but further.

now to the actual explaining part of Dash Explained.

like most of the crypto currencies dash Boast some of the same but also slightly different advantage then other coins like Bitcoin, Litecoin, Ethereum and others, namely:

Instant

the ” InstantSend” payments which confirm the transaction in less than a second. ( this is a unique feature to dash).

Private

You are able to protect your financial information as “PrivateSend” ensures that your personal financial activity both history and balances are and remain private.

Secure

Security is in the end what matters and therefor the transactions are confirmed by 1,000 Gigahash of X11 ASIC computing power (believe me this is a whole lot of power) and over 4,100 servers hosted around the world, which for the moment is more then adequate.

At anytime this number could be increased if the demand required it so but i do not see that happening in the near future.dash explained how does it work

Dash is a fast growing digital currency similar to Bitcoin and others in many ways.

Dash it is open source (meaning anyone can view and propose contributions to its design), peer-to-peer (as opposed to being centrally owned and controlled by some entity ), and transactions are secured using cryptography.

Dash Explained| This defines it thus as a cryptocurrency. It was created by Evan Duffield, and initially released on the market as XCoin in 2014, becoming known as Darkcoin within months of its release. In 2015, it was rebranded as Dash (an amalgam of Digital Cash), and remains available under the DASH ticker.

As with other cryptocurrencies, Dash uses blockchain technology; an immutable digital ledger that records validated blocks of transactions, interlinked in a chronological order. In Dash there is an anonymity feature built in known as PrivateSend which sets it apart from all other crypto currencies.

The second advantage

The second advantage is the InstantSend feature as mentioned before which is to solve the issue of double spend at the point of payment.

the foundation of operation is that Dash’s core is a unique fully incentive peer-to-peer network. like with the other crypto currencies miners are rewarded for keeping the blockchain secure and the masternodes are compensated for validating, storing and serving the ever chaning blockchain to the end users .

The Masternodes in fact offer a separate new layer existing out of these 4100 servers gathered in gathered in a network that operate in a  highly secure clusters which is called called quorums ( you are not allowed to forget that word ever again)

These Quorums ( or maybe not yet 😉 ) then provide a couple of different decentralized services, like governance, assuring the privacy of the users  taking care of the instant transactions while  at the same time safeguarding and eliminating the threat of attacks to the network.

Since Dash then has the community to manage the entire operation and if a consensus is reached on subject , which can be an improvement etc all the masternodes vote and if then the consensus is agreed upon it will be implemented.

this makes everyone in a way responsible and accountable. making it a truly community managed currency totally decentralized.

More master nodes are joining every month, making this peer to peer network evn stronger and larger and thus also gives you the end user more capacity , faster service etc.

the future of this currency looks bright and many are working very hard to make it so. this also means that it becomes a more interesting currency for the short term investors..

thou this the world we live in it also means that there are forces that go against the crypto coints, Dash and other coins in general.

the moment Dash like other swill be accepted as a legit way of payments for micropayments and offline payments like in the supermarket or paying your bills then this currency will have conquered them all.

their concept and the direction is pushing them towards this and if this happens the price of Dash will be reach a huge peak then drop till it reaches a regular currency level where it will go up and down but not in extremes anymore , this will be years fro now thou and till that time this is one f the more interesting crypto coins to invest in and day-trade.

 

s Trading Dash Smart?

Do i need  Dash brokers for that ?

Do they need to be Forex brokers or exchanges ?

The wisdom of this question is always given after the fact, that said from the birth of the coin in 2014 it has been a stable increase I value and more and more people are trading it every day.

But Dash is as yet not a Hype which in my opinion is actually good as it will make for a safer asset to trade and invest.

The moment this becomes more and more mainstream it also becomes more volatile and will be traded more.

since for most of the crypto currencies news trading is still the main way to trade. You have to be always careful to not trade with too much money involved.

As with all cryptocurrencies the governments and banks are (with a few smarter exceptions) not very fond of the cryptocurrency as a whole.

This is clear as cryptocurrencies truly diminishes their control and ability to monitor and charge accordingly. Therefor they will do everything in their power (and this can be quite a lot) of destabilizing cryptocurrencies and convincing people to put their money elsewhere preferably somewhere where they are able to control it.

This said. you have to be careful when investing in crypto as some small article or breach of protocol might just sing the entire currency.

i warn you  ., don’t just deposit and leave it on the exchange, believing that you in 6 months will be able to cash in. like trading in Forex you have to keep yourself aware of your portfolio and follow the news and what is happening with your investment.

another aspect is that you have to find dash brokers that are in it for the long run. for many of the brokers it still not clear how offering trading these cryptocurrencies will work out. so be careful and follow the list i have made above , these are solid brokers that are able to care the trades.

If you are trading, then trading with a Forex broker is better than with an exchange. thou the currency is not regulated the Forex broker is which means that you have automatically the insurance that the regulation provides, this can be up to $50,000 if you trade with an exchange there is no such thing and you should never let your coins stay there. With a Forex broker you also are not actually buying and selling cryptocurrency you are speculating on the rates the same as Forex.

i warn you  ., don’t just deposit and leave it on the exchange, believing that you in 6 months will be able to cash in. like trading in Forex you have to keep yourself aware of your portfolio and follow the news and what is happening with your investment.

another aspect is that you have to find dash brokers that are in it for the long run. for many of the brokers it still not clear how offering trading these cryptocurrencies will work out. so be careful and follow the list i have made above , these are solid brokers that are able to care the trades.

This way you will be able to place trades instantly. Si my opinion if you plan to trade , then trade with a proven regulated forex broker instead of an exchange that is its own Boss.

good luck

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All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results. * and all the content on this site is for educational purposes and should not be considered as investment advice

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