Dash Explained

Dash is described as a privacy-centric cryptocurrency. Dash allows you to remain anonymous while you make transactions, similar to cash. The dash symbol is DASH.

Developed almost 4 years ago, Dash has roared up in value to its present price of $248.11, $2,028,490,156 market cap! That’s impressive by any cryptocurrency standards.

You can trade Dash CFDs on eToro, our go-to market for CFDs and Forex. You can also buy to own at a variety of trusted exchanges available to crypto fanatics around the world. With money pouring into the crypto markets, you can expect Dash to continue its upward trajectory. And with prices just starting to recover after months of decline, this might be the last chance to get in!

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Dash definition

Dash is described as a privacy-centric cryptocurrency. Dash allows you to remain anonymous while you make transactions, similar to cash. The dash symbol is DASH.

Developed almost 4 years ago, Dash has roared up in value to its present price of$248.11, $2,028,490,156 market cap! That’s impressive by any cryptocurrency standards.

You can trade Dash CFDs on eToro, our go-to market for CFDs and Forex. You can also buy to own at a variety of trusted exchanges available to crypto fanatics around the world. With money pouring into the crypto markets, you can expect Dash to continue its upward trajectory. And with prices just starting to recover after months of decline, this might be the last chance to get in!

Recommended places to trade Dash
eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
PaxForex
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Min Deposit
$200
United States
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Bitcoin, Ethereum, Neteller, Perfect Money, QIWI, Skrill, UPayCard, WebMoney
You are unlikely to find a more comfortable broker than PaxForex. Our company provides customers the best possible conditions for successful Forex\Cryptocurrencies, Spot metal\Stocks trading. We have offers for both beginners and experienced traders. The main engines of our progress at the financial trading t are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our traders. Today we are a well-known lowest spread broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced technologies.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
$
United States
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

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How dash works

Dash is based on bitcoin software, but it has a two tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash. When bitcoin is used, the identity of transactions can be traced back to the blockchain by anyone with an Internet connection. But when dash is used, the anonymization technology of the dash network makes it impossible to trace transactions.

Dash ensures privacy through the use of a mixing protocol over an innovative decentralized network of servers called Masternodes. A further improvement over bitcoin is the speed of transactions; bitcoin speeds may vary and be slow at times because confirmations are all done by miners. But, in the case of dash, transactions are almost instantly confirmed by the masternodes network.

Dash Coin
Dash Coin

The dash blockchain is a two tier system; it comprises the proof-of-work activities and rewards normally associated with miners –similar to the bitcoin network- and additionally, it also rewards users for running and maintaining special masternodes servers.

Masternodes enable the following services:

Because users are rewarded for running masternodes, 45% of the block reward is allocated to pay the masternode network and the remaining 55% to pay miners for regular proof-of-work activities.

Masternode owners must have possession of 1000 DASH, which they prove by signing a message and broadcasting it to the network. Masternode users are also given voting rights on proposals. Each masternode has one vote and this vote can be used on budget proposals or important decisions that affect dash.
Masternodes also give double-spend protection by instantaneously locking in transaction inputs and by broadcasting an immutable payment confirmation to transacting parties –such as retail merchants- in as little as one second.

InstantSend technology allows cryptocurrency payments on the dash network to compete with nearly instantaneous transaction systems -such as credit cards- for point-of-sale situations; an added advantage of dash –over traditional financial institutions- is that it does not rely on a centralized processing authority. Further, whereas other digital currencies –such as bitcoin- can take several minutes to confirm, dash takes only a few seconds.

PrivateSend gives users of the dash network true financial privacy by obscuring the origins of funds. When dash users send payments, their wallets break up and fragmentize the requested amounts into smaller, random units.

Digital currency
Digital currency

The anonymous masternodes –who also do not know the identity of the sending wallet- further “mix up” and combine such payment requests with the requests of at least two other users prior to confirming payment to transacting parties. It is therefore impossible for anyone to trace back payment requests to any specific user wallet. The dash network employs highly sophisticated, complex and self-developed software protocols to ensure the integrity and speed of its blockchain.

For instance, the X11 chained hashing algorithm utilizes a sequence of eleven scientific hashing algorithms for the proof of work (PoW). Other networks normally use single-hash PoW solutions that are not protected against security risks like SPOF (Single Point Of Failure).

Further examples of innovative technology which was developed and pioneered by the dash network are Dark Gravity Wave (DGW), Multi-Phased Fork (Spork), Sentinel and Evolution (Evo) which allows users decentralized access to the dash API. Access to the dash block explorer is also available at multiple online domains.

Dash cryptocurrency

The primary use of dash is as a digital currency that can be exchanged instantly, privately and anonymously between transacting parties. But, the dash coin is also exchangeable in the open market.

Importantly, it is not dash stock. Dash is virtual money, tradeable on cryptocurrency exchanges under the dash symbol, DASH. Currently, dash is in the top ten of all crypto coins by market capitalization.

Dash creator – white paper

The dash founder –Evan Duffield – has explained the concept of the dash coin –what is dash and the functioning of the dash network- in a whitepaper which is available online.

Dash Reviews

“…Dash has continued to build on the original invention of Bitcoin, to add more value to the original code.” – Invest It In
“Dash is undoubtedly a speculative investment that has a great potential of becoming the next bitcoin.” – Bitcoin Exchange Guide
“Investors Who Missed Bitcoin Rally Go for Dash…” – Bloomberg

 

Dash FAQ

  1. Can You Buy Dash on Coinbase?

    Coinbase is a very popular exchange that allows you to buy cryptocurrencies directly using fiat currency. With Dash being so high in the market cap table it is unsurprising when people expect to see it on Coinbase but unfortunately Coinbase do not offer it on their platform. They are increasing the number of coins on their platform but this is a very steady procedure. Currently there is no talk of dash being added to Coinbase but that is not to say it won’t happen. Make sure to keep an eye out in the future. You can buy bitcoin, ethereum, litecoin and bitcoin cash on there and trade any of those for Dash on an exchange but until it is added there is no direct method using fiat currency.

  2. What Are Master Nodes?

    Dash uses “Master Nodes” in the confirmation of transactions, to help govern the entire system, and perform other useful functions. It takes 1000+ Dash stakes in a master node for it to be activated, and a master node owner can lose all of their money if they become hostile actors in the system.

  3. How is Dash Private or Anonymous?

    You can trade Dash with near-complete privacy. The privacy doesn’t extend to the recipient of any transaction, but the person sending the money can be completely anonymous. Privacy coins like Monero and especially ZCash (and soon with Ethereum’s ZKSnarks) up the ante on privacy considerably, but buying Dash anonymously works for most people for most purposes where you wouldn’t want your transaction recorded in a public ledger forever.

  4. What Does it Mean that Dash is Open Source?

    Dash is open source. Anybody can audit the code and understand how it works, providing they’re willing to learn. Another example, and this is a big one, is that you can trade Dash with Instant Transactions. This functionality is something Bitcoin could only wish for given its recent problems with unconfirmed and slow transactions.

  5. What is Dash Coin?

    Dash has a real claim to being an update on Bitcoin’s classic technology. In fact, it’s a hard fork of Bitcoin itself. This means that Dash more or less cloned the Bitcoin software back in January 2014 (under the name Darkcoin), then made its own updates. Like Bitcoin, before you can buy Dash in must first be mined, but the core developers have added some important features that make Dash a little more agile and interesting than ol’ Bitcoin.

 

Recommended places to trade Dash
eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
PaxForex
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Min Deposit
$200
United States
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Bitcoin, Ethereum, Neteller, Perfect Money, QIWI, Skrill, UPayCard, WebMoney
You are unlikely to find a more comfortable broker than PaxForex. Our company provides customers the best possible conditions for successful Forex\Cryptocurrencies, Spot metal\Stocks trading. We have offers for both beginners and experienced traders. The main engines of our progress at the financial trading t are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our traders. Today we are a well-known lowest spread broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced technologies.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
$
United States
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Dash News

Happy Birthday Dash

On January 18th Dash turns 5 years old and it has been a rollercoaster of a journey. Dash’s ‘mission is more info…

Bitcoin/Bitcoin Cash Mimic DASH Anonymity Features

Two new wallets have been released, serving users of Bitcoin BTC and Bitcoin Cash BCH. These are Wasabi Wallet 1.0 more info…

Dash (DASH) Stress Test Sets New Record

Dash (DASH) could be set to mount a serious challenge to Bitcoin (BTC) and Ethereum (ETH) following a successful stress more info…

DASH Launches Crypto Payment Service in Venezuela

With “Dash Text”, the DASH cryptocurrency is providing cash-strapped Venezuelans with a way to transfer value, store wealth, and make more info…

Dash and Uphold Integrate for Easy Purchasing of Dash

An official partnership between Dash and Uphold means that cryptocurrency users can now directly purchase Dash coins within a single more info…

DASH is Official Coin of FanDuel Fantasy Sports League

Fantasy football is a gripping pastime for college and professional football obsessives around the world. Perhaps you’ve taken part in more info…

Alternative Coins

Bitcoin
Bitcoin
Bitcoin
Ethereum
Ethereum
Ethereum
Ripple
Ripple
Ripple
Litecoin
Litecoin
Litecoin