What is Dash

By QuintoTrader | Crypto Street | 9 Jul 2019


      dash.png  

 

Dash is a cryptocurrency created on Dash blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Dash came to be as a result of bitcoin fork.  

Dash transaction

Dash transaction takes place on the Dash blockchain Explorer based on Dash blocks and timestamp. To view how Dash transaction takes place on the Dash blockchain explorer, simply follow the link below;

  https://insight.dash.org/insight/      

Date Launched

  Dash  was first released to the public in 2014 as Xcoin but later came to change its name to Dash  

Founder Of Dash  

Dash was created by Evan Duffield who is an American Entrepreneur as well as software developer and .  Evan Duffield was the CEO of Dash core until 2017.  

Process of creating Dash  

Dash  is created through the mining process by aid of GPU, CPU and ASICS hardware in the presence of internet and electricity using the X11 hashing algorithm.To mine using CPU and GPU, you have to download the software while to mine using ASICS hardware, you have to purchase the hardware . You can do it on contract basis by purchasing these contract online. To own a contract and start mining litecoin, follow the link below;  

https://www.genesis-mining.com/a/652110   

  Maximum circulation of Dash   

The maximum number of Dash expected to be in circulation upon completion of its mining process is 18,900,000 Dash. Unlike in other cryptocurrencies where their supply keeps on halving, in Dash, the supply will be reducing by 7% after every year  

Dash Price

  Currently, 1 Dash  is worth more than $150 and its price is expected to increase over the next period of time.   

Converting my Dash to other cryptocurrencies

  To convert your Dash to other cryptocurrencies such as bitcoin , you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Dash to bitcoin

  https://www.binance.com/?ref=10776203  

Storing my Dash

  To store your Dash, you need a Dash wallet or other supported cryptocurrency wallets.You can use cryptonator, coinpayment or other supported Dash wallets. For the safety of your Dash, you can use offline Dash wallet like ledger hardware wallet.  

Transferring my Dash to other Users  

If you want to transfer your Dash to another user, the two of you must have trust on each other. The trust should be the Dash address provided for the receiver while the sender must have the Dash to send to the receiver . Here is how it looks like; dash address space.png 

 

351665157-13ba6b91d0e7cf100783ffde9885ddf9f56086255fc7213bc95c80351b5cefa2.png

 

      Now that you know, i think that it is time for you to start owning Dash. If you feel that i should also own some for helping you to know more about this cryptocurrency, here is my Dash address ;  

XcrQV16t3QjJCwM2hmXodLsKeBGHnfMr8t

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QuintoTrader
QuintoTrader

Trader, contentpreneur and entrepreneur. Also founder and CEO @ teacher forex school


Crypto   Street
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