handled through a decentralized autonomous organization (DAO) operated by a subset of its users, which are called "masternodes". It’s an altcoin forked from the bitcoin protocol in January 2014 by Evan Duffield. The founder aimed at addressing a key bitcoin weakness, i.e., a 10-minute block confirmation time.
Initially, it was named Xcoin, then Darkcoin, and finally Dash, which is a combination of two words, viz., ‘digital’ and ‘cash’.
The technology innovation was nurtured under the business incubator program of Arizona State University. The Dash DAO later funded a blockchain research lab at ASU.
A Beginner’s Guide
Confidentiality or Anonymity
Dash utilizes CoinJoin services similar to Bitcoin to hide the sources and destinations in transactions. However, it has named it PrivateSend.
The process is also known as coin mixing. The approval of a contract demands the signature of multiple parties jointly on the digital smart contracts. It leads to the mixing of coins and addresses but ensures participants are left with the same number of coins.
CoinJoin seems simple apparently, but there is a complex process beneath. Participants connect over a Tor network, and to do so they must be acquainted with some coding skills, and they have to trust each other. To simplify the process for non-techies, CoinJoin developers have created tools to automate the process and provide an extra level of data masking for users. The tools were made part of wallets to make them easily accessible. Common wallets include Dark Wallet, JoinMarket, and SharedCoins.
Acceptance of Dash
The collaboration of Dash with traditional financial service institutions such as Wells Fargo, MoneyGram, Chase, and Western Union has increased its popularity. Dash is a pioneer in allowing buy and sell with cash thanks to its partnership with a web-based platform, Wall of Coins.
A range of wallet services has inducted Dash support in their knowledgebase to help wallet users get answers to queries regarding Dash trading.
As of November 2019, DASH was number 19 on the list of top cryptocurrencies by market capitalization. DASH was trading at $72.50 with a market cap of $661 million.
A lot many retailers and businesses have started accepting Dash for products and services. You can find them by categories such as retail, business services, electronics and IT, food and drink, retail, or travel on the Dash website.
Tips for Investing in Dash
There are multiple channels to buy and sell Dash including exchanges, instant exchanges, brokers, over-the-counter (OTC) exchanges, and ATMs.
However, exchanges or crypto trading exchanges are the most popular ones. The exchange acts as the middle-man. They charge a transaction fee for facilitating every transaction. Some will exchange fiat (like AUD or USD) for cryptocurrency, whereas others only exchange between different cryptos.
Dash is traded across all major cryptocurrency trading exchanges around the world. If you are in India, PCEX Member is the best exchange to go with. It has spot, future, and option trading instruments. It accepts INR as fiat currency. You save incredibly on the transaction fees involved as the exchange charges a nominal 0.3%, which is one of the lowest in the industry.
The exchange maintains high liquidity with its franchise-based model. Its 24 H trading volume stands at 3,51,81,88,338.8 INR, 7 D, 20,70,45,37,643.02 INR and 30 D as 1,08,01,92,49,250.01 INR. It also safeguards the interest of its users with its AI-based fraud detection mechanism.
PCEX Member
provides a detailed historical as well as real-time analysis of the price volatility
DASH/INR
The graphical illustration has a variety of tools, such as Bars, Candles, Hollow Candles, Heikin Ashi, Line, Area, and Baseline to make technical analysis easier for you.
Watch the price changes over a period! You can also dig deeper to know how the market behaved or behaving in the small-time segments - from 1 minute to 1 day. Learn the direction of the price movement. Thorough analysis helps you know the entry and exit point and critical situation when you need to apply for stop-limit order.
Order Book and Trading Signals are available just below this graph on the same page. You may register with social communities over Telegram, Discord, Reddit, and CoinDCX's telegram channel to stay informed of the signals.
Exchanges are meant for trading only and should not be used as a savings wallet. Ledger, Trezor, Math Wallet, Trust Wallet, and Exodus are some of the popular wallets.
visit to: Buy Dash in India
