Dash



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Dash (DASH)


Dash coin History[ ]

Dash started as a privacy coin called XCoin. It then rebranded as Darkcoin before becoming Dash (an abbreviation of digital cash) on March 25, 2015. Dash has a coin cap of 18.9 million. That means there will never be more than 18.9 million Dash coins. As at December 2017, Dash has 7.7 million coins outstanding.



What is Dash Coin?[ ]

Dash is a self-funding and self-governing project. It’s a new entity called a decentralized autonomous organization (DAO).

Unlike a corporation that has shareholders, management, and a board of directors, a DAO is governed by programmed rules.

Similar to bitcoin, Dash harnesses complimentary incentives that ensure miners, master node operators and development teams all work together to constantly improve Dash.


Dash Governance[ ]

Dash has a “treasury model.” That means a percentage of the mining reward (10%) goes into a treasury for the benefit of Dash. Improvements are proposed and the Dash community votes on what gets funded.

At this time, $1.75 million per month is flowing into the Dash treasury, meaning that Dash is well-funded.

On top of that, Dash has a unique governance structure that ensures no one party gets too much power.

The people who mine (miners) Dash receive 45% of the mining reward.

The other 45% goes to the “master nodes.” Anyone with 1,000 Dash can “stake” (stake means to lock up like you would collateral against a loan) their coins and become a master node.

The master nodes vote on how the treasury is allocated and process instant payment and private payment requests.

As of this writing, more than 60% of all Dash coins outstanding have been “staked.” When you stake your coins, you earn fees. But if you sell your coins, you lose your master node fees.


Implications[ ]

The staked coins are technically “out” of the market. That means Dash’s actual “float” is only about 3 million coins. This means it doesn’t take much buying for Dash prices to start gunning higher.


Dash Team[ ]

Dash does have a core development team… But again, no one is in charge of Dash. Former McKinsey & Co. executive Ryan Taylor heads up Dash Core. He leads a team of 30 full-time developers and 20 part-time developers.



How Is Dash Different From Bitcoin?[ ]

The difference between Dash and bitcoin has been likened to the difference between a bar of gold and a dollar bill. Both are money… but the paper bill is a lot easier to transact than the gold bar.

Dash has the secure and non-inflationary features of bitcoin matched with the ease of paper money (more on that below).

Dash was originally created as a privacy coin. Even now, it retains privacy features such as “private send,” which obscures the sender and receiver of funds.


The Power of “Instant Send”[ ]

One common complaint against cryptocurrencies is how long it takes to confirm payments. On an especially busy day, it can take hours to confirm a payment on the bitcoin network.

Dash solves this problem with a feature called “instant send.”

The “instant send” feature can provide six blockchain confirmations in less than one second. This allows a merchant to process Dash payments immediately.


What is DASH Evolution?[ ]

Behind the scenes Dash is working on its next project, Evolution, a platform for building user-based decentralized apps (dApps). DApps will make integrating Dash payments into third-party applications much easier. So, merchants will be able to easily adopt Dash into their payment systems.


Here’s why we think merchants will take to Evolution.

it will be as easy to use as online payment process PayPal while keeping the security and privacy features of blockchain technology.

Dash Evolution will make using cryptos so easy that you won’t need to know anything about cryptos in the first place. And that’s a game changer.

With the arrival of Evolution, Dash will be in a great position to take advantage of the partnerships it has formed over the last year, such as:

1. Alt Thirty Six: Targets payments in the marijuana industry.



2. Wirex and SBI Holdings: Dash-backed debit cards in Japan.



3. Bitnovo: A Spanish cryptocurrency platform that will allow people to purchase Dash and use at over 10,000 retailers.



4. Uphold: A platform for buying, selling, and sending cryptocurrencies. The integration of Dash makes it available for purchase by 94% of the world’s population.



5. Kuvacash: A project to bring Dash to Zimbabwe.


6. GoCoin: An online payments processor with prominent users like CheapAir, Lionsgate, and RE/MAX.



7. Strike Social: The world’s largest YouTube optimization firm with Fortune 500 clients. Dash will help facilitate international payments.



8. RocketPay: A payment provider in Southeast Asia that provides a platform for buying, storing and spending Dash and access to over 100 merchants.



9. Payza: An online e-wallet and payment processor that serves 190 countries and 16 million members and supports 26 currencies. Payza brings Dash to over 100,000 online merchants.



10. Abra: A digital currency app and wallet that lets you buy, sell, and store 20 cryptocurrencies and exchange with 50 fiat currencies.



11. QuikWallet: A mobile payment app in India that enables conversion of rupees into cryptocurrencies, including DASH. QuikWallet has a network of over 4,500 merchants so users can spend their DASH as well.



At the start of 2017, total daily transaction averaged 1,000 per day. Today, that’s up to 7,500 transactions per day, even with the current price downturn.


Dash is the first truly decentralized autonomous organization. It’s an entire self-funded ecosystem with unique partnerships and advancing technology. And Evolution promises to be the springboard for mass adoption of censorship-resistant money that anyone can use.


Dash and the Marijuana Industry[ ]

On October 12, 2017, Dash announced a partnership with blockchain payments provider Alt Thirty Six - the First Crypto That Will Be Accepted by Major Marijuana Dispensaries in the U.S.


Alt Thirty Six is a provider of payment software to marijuana payment processors. The company has agreements with marijuana dispensary point-of-sale (POS) providers that cover more than 70% of the industry, giving Dash the potential to be used in over 2,200 of the nation’s 3,189 dispensaries.

Along with dispensary POS providers, Alt Thirty Six has agreements with IBM and IBM’s largest POS partner, Sirius Computer Solutions. Alt Thirty Six is in the process of designing and delivering an end-to-end payment portal that will integrate Dash into the payment process. This won’t just cover receiving payments; it will also cover paying vendors, utilities, employees, suppliers, etc. with transactions paid in Dash.

Exclusivity

Dash has negotiated a 36-month exclusive agreement with Alt Thirty Six. That means no other cryptocurrency can get on the Alt Thirty Six cannabis payment system for three years. Supporters of Dash coin views this as an enormous competitive “edge” that will drive massive adoption of Dash in the legal cannabis market.


Crypto Volatility - How does Alt Thirty Six solve the crypto volatility problem?

Alt Thirty Six has built-in a (paper money) conversion feature. As soon as a customer pays in Dash, the merchant, vendor, or employee can elect to have it immediately converted into U.S. dollars.

Rollout

Alt Thirty Six is rolling out its Dash payment solution in beta form right now. Once the beta period is over, it’ll move it out to all its marijuana clients in 2018.


Dash Future and News[ ]

Dash continues to form new partnerships. The first is GoCoin, an online payments processor used by major companies like Lionsgate, CheapAir, and RE/MAX. Users can now make payments in Dash.

The second partnership is with Strike Social, the world’s largest YouTube optimization firm with clients such as Coca Cola and Netflix. Dash will help alleviate the headaches from international payments.

Finally, Dash partnered with Piiko, a cellphone minute recharge service. By using Dash consumers can avoid the typical 3-5% fees from using a credit card.

Update 2:

Dash has also partnered with RocketPay out of Southeast Asia. RocketPay is a tool to store, trade, and transact Dash. To date, over 100 merchants have signed up with RocketPay in Malaysia, Singapore, and Indonesia.

Dash also partnered with fantasy sports platform FanDuel for a fantasy NBA contest. It’s the rst contest of its kind where the winners will be paid in DASH.

Finally, prepaid phone payment provider BitreGll added Dash support to its platform. BitreGll oQers prepaid mobile recharge services around the world.


Update 3:


Convert DASH to USD EUR GBP Fiat[ ]

Easily Calculate or Convert DASH to US Dollars, Euro or Great Britain Pounds other World currencies below.

Our Crypto Converter makes this as easy as a breeze.


Price Prediction: Coin Price Predictions   future values