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What is Dash all about
Dash, as one of the older and more established altcoin, has a rather interesting history. The coin was originally known as Xcoin, but was rebranded as Darkcoin before settling on its current name, Dash, which ties into its use as a speedy digital payment method.
Dash’s early days were predicated on privacy, and it's white paper was described as the first privacy-centric cryptographic currency” based on Bitcoin founder Satoshi Nakamoto’s work.
However, today Dash aims to become a medium for daily transactions and a way to compete with cash, cards, and even traditional financial platforms like PayPal. In attempting to achieve this, Dash looked to inject itself into the struggling economy of Venezuela to act as an alternative to their failing currency.
Dash obtains its speedy transactions through a system of master nodes which validate transactions, meaning that not every node in the network needs to validate every transaction, Master nodes lead to faster transaction confirmations, but also solve scaling issues as the number of nodes required to successfully approve a transaction is reduced to a manageable number.
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DASH Questions & Answers
What is the price of Dash right now?
Current price of Dash is at 38.46 EUR.
How much will Dash cost in 30 days?
Using our prediction algorithm, we estimate the cost of Dash will reach anywhere between €0 and €67.59 in one month time.
What was the highest price of Dash?
Dash reached its maximum price on 2017-12-20, at 1257.39 Euro.
How much will Dash cost six months from now?
Predicting the future with any degree of accuracy is difficult, but using our short term price prediction we estimate that the value of Dash will reach between €0 and €132.02 in six months.
Is Dash going to cost more 3 months from now?
On the basis of our short term price prediction we estimate Dash's cost is likely going to be between €0 and €98.54 3 months from now.
Does Dash have a large following on social media?
45220 Reddit users engaged via Reddit, in an online discussion about Dash in the last 48 hours. Dash's official Twitter profile is followed by 421774 users.
Is Dash a dark web cryptocurrency?
Dash was once called Dark Coin and as a cryptocurrency that was created in the early days of the space, it was used on the dark web at times. It was also created originally to be privacy focused which made it more applicable for Dark web usage. However, it has since moved away from any direct association with the dark web
Why does Dash prioritize speed and affordability in transactions?
The original usage of Bitcoin was aimed at being a cash-like system. However, Bitcoin’s make up made it more like a digital gold and difficult to spend. This was identified by coins like Dash that looked to fill Bitcoin’s original goal by tackling speed and fees.
Is Dash accepted in Venezuela?
With the economic and political crisis in Venezuela, there has been a huge inflation of their logical currency making money nearly worthless. Dash identified this as an opportunity for their coin to help and to provide financial support for the people in the South American country. It is quite widely used and accepted as an alternative currency.
What makes Dash transact so fast?
Dash block times — that is the amount of time it takes to create a new block where transactions can be written, is four times faster than Bitcoin at around 2.5 minutes. This means there is more readily available blockchain space for a transaction to be validated at a quicker speed.
10 days Dash price forecast
Long term Dash price prediction