What's DASH?

[Suba]

Dash is a coin resulting from a Bitcoin hard fork and is a privacy coin that implements CoinJoin so that it can hide transactions for both the sender and recipient. Dash also has an advanced InstantSend feature that can speed up large transactions. Dash was launched in 2014 and was originally named Xcoin, Darkcoin and in 2015 renamed Dash. Until now Dash coin has been accepted by more than 160,000 stores worldwide.

Even though Dash implements a consensus PoW mechanism, Dash also has 2 tiers as network supporters. The first tier is for Dash coin miners while the second tier is for Masternode, and for users who have a minimum of 1000 Dash can participate in running Masternoce and will get a reward, Dash coin.

Dash is ranked 84th on Coinmarketcap, and the current price of Dash is $43.90, ATH $1,642 as reached on Dec 20, 2017.

 

[saoussen5765]

Yes but you could earn dash from various websites however its transactions are fast and cost of fee is really reduced and the transactions arrives in seconds but in coinbase merchant sites it is not accepted in half of the website unlike coinpayments one.

 

[Suba]

Yes but you could earn dash from various websites however its transactions are fast and cost of fee is really reduced and the transactions arrives in seconds but in coinbase merchant sites it is not accepted in half of the website unlike coinpayments one.

We can also store Dash coins on Coinpayments, Holytransaction, but I want to store on Dash core wallet, to run a masternode but it takes 1000 Dash, it may take a long time to collect.

 

[riberet19]

We can also store Dash coins on Coinpayments, Holytransaction, but I want to store on Dash core wallet, to run a masternode but it takes 1000 Dash, it may take a long time to collect.

I think 1000 dash is around $40,000, it's a really big investment just to create a masternode, it's almost as big as the investment you'd have to make for Ethereum, that is, 32 eth, almost $64,000.

 

[Suba]

You are right staking Ethereum will give you a bigger return of about 8% per annum, whereas if you run a Dash masternode we will get a return of around 6%, but we need a higher gas fee for Ethereum.

 

[riberet19]

You are right staking Ethereum will give you a bigger return of about 8% per annum, whereas if you run a Dash masternode we will get a return of around 6%, but we need a higher gas fee for Ethereum.

Yes, the returns are higher with Ethereum, but honestly I meant that to create a masternode you need a gigantic investment, because 1000 Dash is a lot and 32 ETH even more.

 

[Blessed19]

Dash is a very good crypto coin but at the moment it is at the dip with a price value if around $30 which is at the rate of 1.29% dip in the crypto market.

 

[Suba]

Even though Dash is a promising coin and also one of the privacy coins, so it is widely used for secure transactions, but the current conditions due to the SEC's emphasis on the Binance and Robinhood crypto exchanges stopped several crypto services, thus making the crypto market go down, So as our small investors can only be patient and wait for price improvement.

 

[nomad]

I believe DASH will gain prominence in the near future because a lot of people would want to keep their transactions private. However, I am yet to invest in DASH