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Combining Speed and Anonymity With Dash

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The Cryptocurrency market has been turbulent for the last 3 months, with several cryptocurrencies experiencing a high degree of volatility when it comes to price levels. Even the leaders, namely Bitcoin, Ethereum, and Ripple have not been spared from such sudden price movements. One such coin is Dash, which has been on the rise for quite some time now, consistently reaching the 10th rank consistently from last year. Dash has a supportive community behind it as well as a technically sound development team which has contributed to its overall stability.

A little About Dash

Dash, which was previously known as DarkCoin, was first introduced in 2014 as an open source peer-to-peer cryptocurrency. Its original aim was to address the many different problems plaguing Bitcoin at that time, including offering instantaneous transactions, private transactions, as well as operating on a self-governing and self-funding system. It has exceeded a lot of people’s expectations, amassing a market cap of $3,579,884,852, ranking at 12th as of 20/04/2018. Currently, it is valued at $446.35 USD and has been one of the most stable cryptocurrencies since its inception.

Dash: The investor’s Target

As mentioned above, Dash has a very dedicated community as well as very loyal investors who believe in the project’s use case and goals.  Indeed Dash has withstood the overall crypto-slump experienced earlier this year, with its price only marginally affected. In other words, Dash has been addressing the issues which plague some of the older altcoins, including speed.  Below are certain factors that have contributed to the relative stability of the coin, since its inception in 2014.

  • User Friendliness: The Dash team has always put emphasis on the usability of their technology, and hence established a global brand.  This is evidenced by the several name changes that the altcoin went through, including dropping names like “Xcoin” and “Darkcoin” Before settling on a band name with a universal appeal. The name Dash itself is derived by combining the words “Digital” and “Cash”. The crypto community welcomed Dash with open arms when it launched, as the only other competitor, Bitcoin was significantly slower.
  • Transaction Processing Speed: Dash always puts an increased emphasis on improving Bitcoin’s transaction speeds, by introducing their own transaction feature known as InstantSend. InstantSend allows real-time processing of transactions, closely backed by another feature known as PrivateSend. PrivateSend, on the other hand, provides complete anonymity based on blockchain standards.
  • Partnerships: Dash, along with other currencies like Ripple and Ethereum has extended their partnerships all around the world, with Dash teeing up globally with over 400 business entities worldwide. Dash is also working on newer ways for small to medium scale merchants to adopt the Cryptocurrency accordingly. A prime example would be Dash’s partnership with the Apple app store, where Dash can be used as a payment option.
  • Investor’s comfort Zone: One of the biggest reasons which contribute to Dash’s popularity would be the cheap transaction fees. As a result, Dash has experienced a higher degree of “hodling” among the general populous. Dash’s volume has been ever growing thanks to the increased number of investors over the years,

Final Thoughts

Dash is certainly one of the most stable cryptocurrencies that have existed since the beginning of the Cryptocurrency market. 2017 was the year of cryptocurrencies and Dash in particular, with Dash’s value increasing from $11.33 on 31st December 2016 to a high of $1,093.39 as of 1st January 2018.  With such a monumental rise in value, the prospects indeed look high for Dash’s future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Tonymadrid Photography™ via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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