► Complete Review: https://www.coinbureau.com/review/dash-coin/
► DASH Wallets: https://www.coinbureau.com/analysis/best-dash-wallets/
► DASH Mining Pools: https://www.coinbureau.com/mining/dash-pools/
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► Time Stamps ⏰
0:49 Introduction
1:49 InstantSend & Private Send
2:48 Masternodes
4:30 Funding Model
5:14 DASH Mining
6:18 DASH Coin
7:13 Team Members
8:07 Development
8:20 Trading & Storage of DASH
9:16 Conclusion
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⛓️ 🔗 Helpful Links 🔗 ⛓️
► Website: https://www.dash.org/
► Whitepaper: https://github.com/dashpay/dash/wiki/Whitepaper
► GitHub: https://github.com/dashpay/
► Learning Resources: https://www.dash.org/learning-resources/
► Dash Nexus: https://app.dashnexus.org
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📱️ Socials 📱
► Official Blog: https://blog.dash.org/
► Twitter: https://twitter.com/Dashpay
► Discord: https://discordapp.com/invite/PXbUxJB
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📝 Project Overview 📝
Dash – or “digital cash” – is a project that wants to be used for merchant payments and transactions. It was originally founded in 2014 by Evan Duffield.
It has had three different names. First xCoin, then Darkcoin, the project officially changed the name to Dash in 2015 and that’s the name it has used ever since.
The coin uses a combination of a proof of work alforithm as well as a masternodes network.
⚙️ Technology ⚙️
The two main features behind DASH are InstantSend and PrivateSend.
InstantSend allows you to send transactions in fractions of the time that it takes on the Bitcoin network.
Dash achieves this by moving its transactions through its master nodes instead of through the miners themselves. Since master nodes are a select group, the transactions are confirmed much faster.
PrivateSend is Dash’s method for addressing the traceability to cryptocurrency. With this feature, users can create transactions that cannot be traced on the blockchain. Again, this is accomplished through the use of master nodes instead of miners.
Masternodes are nodes on the network that are tasked with making important governance decisions as well as supporting InstantSend & PrivateSend.
Mining rewards are split into 3 distinct parts. 45% of the reward goes to the masternodes, 45% goes to the miners, and the last 10% goes toward the Dash treasury.
The Dash PoW component uses the X11 algorithm which is supposed to be ASIC resistant altough this has recently stopped being effective against ASIC rigs.
💰️ Token 💰
Dash was not sold or allocated prior to its release and the project did not have an official ICO. The project has a coin supply of 18.9 million with a currency circulating supply of around nine million.
In order to become a masternode you will have to store 10,000 DASH on the network. Dash consistently resides within the top 20 of all cryptocurrencies in coin market capitalization.
👨💻️ Team, Partners & Development 👨💻
Dash was founded by Evan duffield who was the CEO of the project until 2017. Duffield remains with the team in an advisory role, however, Ryan Taylor now heads up the Dash project.
Dash also has plenty on its plate in the coming months as it plans on releasing updates for its Dash Cove v.1.0, DashPay Wallet MVP, and DashWallet.
You can get a sense of how much work is being done on the protocol if you head on over to their GitHub repository. They have been shipping quite a bit of code over the past year.
📈 Trading & Wallets 📈
Dash is listed on a number of exchanges including Binance, Coinbase Pro, Kraken, etc. Dash does tens of millions of dollars in volume on many of these platforms and with several different pairing options. Just a few include BTC, ETH, and USDT.
There are also deep order books for the token on exchanges such as Binance so you won’t have a problem executing large block orders.
There are a number of wallets which support Dash including the official Dash Core wallet. There is also hardware support with both Trezor & Ledger.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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