FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Combining Speed and Anonymity With Dash
Connect with us

Blogs

Combining Speed and Anonymity With Dash

Published

on

Dash
READ LATER - DOWNLOAD THIS POST AS PDF

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.

We will be updating our subscribers as soon as we know more. For the latest on cryptos, sign up for our Telegram!

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

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite