Market Cap
$484,168,437.6
Fully Diluted Valuation
$755,855,393.3
24 Hour Trading Vol
$96,332,435.8
Circulating Supply
12,106,526.7
Total Supply
12,106,525.3
Max Supply
18,900,000.0
Dash Price
$39.99
24h Range
$38.83 - $40.54
Percent Change 1h
-0.15%
Percent Change 24h
0.82%
Percent Change 7d
9.56%
All-time high
$1,493.6
All-time low
$0.214
1D
7D
1M
1Y
Dash (DASH) is a cryptocurrency that was created to offer fast and secure transactions while enhancing user privacy. Launched in January 2014 by Evan Duffield, Dash is a fork of Litecoin, which itself is a fork of Bitcoin. The primary goal of Dash is to provide a decentralized and scalable payment solution, featuring instant transactions and optional privacy features. The name "Dash" is derived from "Digital Cash," and its innovative features include InstantSend, which allows for near-instant transactions, and PrivateSend, which offers a way to obscure transaction details for enhanced privacy.
Dash was founded by Evan Duffield, who initially developed the cryptocurrency to address some of the perceived shortcomings of Bitcoin, particularly in terms of transaction speed and privacy. Duffield's vision was to create a digital currency that would be more user-friendly and practical for everyday transactions. In 2015, Duffield introduced the concept of Masternodes, which are servers that facilitate advanced functionalities on the Dash network, such as InstantSend and PrivateSend. Over the years, other team members and contributors have played significant roles in the development and promotion of Dash, including Ryan Taylor, who served as CEO and has been instrumental in guiding the project since its inception.
Dash operates on a decentralized, open-source blockchain that is secured by a network of miners and Masternodes. The unique two-tier network structure of Dash differentiates it from other cryptocurrencies. In the first tier, miners validate transactions and secure the network, similar to Bitcoin. However, Dash introduces a second tier of Masternodes that perform additional functions, such as enabling InstantSend and PrivateSend.
InstantSend works by allowing users to lock transactions, ensuring that they are confirmed within seconds instead of minutes. This is particularly beneficial for merchants who require quick transaction confirmations. On the other hand, PrivateSend enhances privacy by mixing coins from multiple users, making it difficult to trace transaction origins. The Dash protocol automatically converts a portion of transaction fees into a reward for Masternodes, incentivizing their operation and maintaining network security.
Keeping your Dash safe involves several important practices:
Investing in Dash (DASH) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Dash: Once your account is funded, you can purchase Dash directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Dash using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Dash (DASH) is currently trading at $39.99 and exhibits good potential for future growth. Check the latest Dash (DASH) price prediction.
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