Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will tell you about "DASH", which is unfairly forgotten during the Bull season that started for the last month, and is described as privacy-focused cryptocurrency. Let's see what is DASH?, Is it really a privacy-focused cryptocurrency like Monero? … Let's learn together…
What is DASH? Is a new generation p2p* payment network and cryptocurrency where transactions are recorded on the blockchain. A decentralized, distributed, public ledger. It provides users with a secure, portable and exchangeable digital currency.
* What is p2p? The network protocol in which two or more computers are connected to share data without the need for central control is called Peer-to-Peer or p2p.
Features that make Dash different;
Security; The Dash network is the most secure blockchain-based payment network thanks to technological innovations such as ChainLocks. This reduces the risk of 51% attack, forcing any potentially malicious actor to successfully attack both the mining layer and the masternode layer. To attack both layers, a malicious actor needs to spend a large amount of Dash to dictate false entries into the blockchain, thus raising Dash's price in the process. Therefore, a successful attack will be cost prohibitive as it has a large percentage of Dash's total market required to try it out.
Stable Governance; Dash decentralized autonomous organization (DAO) is the oldest and most successful example of decentralized governance. In this regard, one of Dash's most notable innovations is building a treasury that funds project proposals that advance the Dash network and ecosystem. This treasury is funded by 10% of the block reward, which is a combination of transaction fees collected on the network and the newly minted Dash given to miners to secure the blockchain. Nodes (master nodes) providing at least 1000 Dash receive voting rights on how treasury funds will be distributed. Voting on project proposals results in the funding of numerous projects that advance Dash in terms of technology development, marketing and business development by encouraging participation with the public network and ecosystem.
Innovation; Most of Dash's technical innovations are explained in more detail elsewhere in this developer center. However, the record management innovations (which speaks for itself with masternodes, treasure system), security (ChainLocks), availability (automatic InstantSend), and scalability (masternode live long with sufficient majority).
Instantly Confirmed Transactions; All transactions are automatically sent and received instantly. Transaction security and decentralization are not compromised due to ChainLocks innovation. As a result, using Dash to trade means getting the speed and exchangeability of the fiat currency, while at the same time having lower costs, privacy and the security of a blockchain-based network's funds.
Dash is an altcoin designed to allow transactions quickly and have a fast governance structure, focusing on the shortcomings in Bitcoin.
Can Dash Mining?
Mining can be done for Dash cryptocurrency. Dash adapts the Proof of Strake algorithm by changing it, revealing the X11 algorithm. Dash allows its users to mine faster, thanks to the X11 algorithm.
The most used is ASIC Miner Hardware, that is, special hardware used for Dash mining.
ASIC Pinidea X11 Miner DR-1
ASIC Pinidea X11 USB DU-1
ASIC iBeLink DM384M X11
ASIC X11 Baikal Mini Miner
ASIC Baikal A900 X11
You can use the software called Darkcoin CPU Miner to mine Dash using your CPU power in Windows. To mine with this program, your CPU must have AES-NI and AVX. You can check out your processor's AES-NI and AVX compatibility using CPU-Z style software.
Between 2014 and 2017, it moved in a narrow band of $ 1-10. Dash then moved to $ 1,642 levels in 2017 bullish market by doing ATH. It is currently at $ 106 levels. Maximum supply: 18,900,000 DASH. Its smallest unit is called "duff".
The best exchanges for trading on Dash are currently Binance, Huobi Global, YoBit, BitAsset, and BitZ.
As seen on the price chart, there is a dash preparing to enter the bull season. BB band is moving in a narrow area, 20/50 moving averages are about to intersect
Let's answer the important question while coming to the end of the article ...
Is DASH a privacy-focused cryptocurrency?
Dash is not a privacy-focused cryptocurrency. Similar to the privacy technologies used in Bitcoin are used. Bittrex, one of America's leading exchanges, removed Monero, Zcash and Dash from its platform on January 15. In response, DASH executives argued that they were not privacy-focused cryptocurrencies, but the situation remained unchanged.
As of now, the Bull season has not kept up. My own opinion is, I'm sure DASH will come at better prices. ATH will go back to the times it did.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…