DigitalCash (DASH) Price
- DigitalCash(DASH)$65.020+5.3800(+9.0207%)09:08:50(GMT)|Real-Time Data, Currency in USD
- Open$59.640Day's Range$57.810- $68.580
- Market Cap$553.16 MVolume$4.16 M
- Current Supply8.51 MDASHMax Supply22.00 MDASH
- Proof TypePoW/PoS
- Market Cap$553.16 M
- Volume$4.16 M
- Current Supply8.51 MDASH
- Max Supply22.00 MDASH
- Day's Range$57.810- $68.580
DASH is a cryptocurrency linked to the DigitalCash blockchain that was created from a Bitcoin hard fork. DASH was created to address privacy and speed issues faced by Bitcoin users.
DASH was originally called Xcoin and then DarkCoin, before being renamed to DASH, a blend of DigitalCash.
Similar to Bitcoin, DASH is considered to be a true cryptocurrency, with the DigitalCash network facilitating instant private payments online or in-store using a secure open-source platform.
There are no physical DASH coins, just balances on DASH’s blockchain that is a decentralized public ledger.
DASH was released in January 2014 as the brainchild of Evan Duffield, who considered the transaction processing time of Bitcoin and the blockchain privacy as inadequate.
In contrast to Bitcoin’s approximate 10 minute transaction processing time, the average transaction processing time for DASH is 2.5 minutes.
There are a finite number of DASH coins, the total being 18 million. The creation of each individual DASH coin comes from mining, which stems from a reward mechanism for miners verifying transactions on the DigitalCash blockchain.
The DASH blockchain is an open source, a peer-to-peer decentralized ledger that incorporates a proof-of-work protocol for mining and an additional layer that incorporates a proof-of-service protocol.
Unlike Bitcoin, the Digital Cash network is a 2-tier network that comprises of miners and masternodes.
A masternode is a server with a full copy of the DASH blockchain that guarantees a certain minimum level of performance and functionality to perform certain tasks related to block validation, as well as PrivateSend and InstantSend.
The masternodes are paid for this service, using a concept called Proof-of-Service, which is in addition to the Proof-of-Work algorithm for miners to secure the blockchain.
Masternodes are ultimately responsible for enabling financial privacy through PrivateSend and instant transactions through InstantSend, and the decentralized governance and budget system.
PrivateSend: Delivers the anonymity feature of DigitalCash by adding multiple identical inputs from a lot of users and then sending them to multiple outputs.
InstantSend: Delivers the instant transaction feature of DigitalCash.
Some distinct differences and characteristics of DASH include:
- There are only 18 million DASH coins.
- A 2-tier network incorporating proof-of-work and proof-of-service protocols to deliver instant and private transactions.
- 2.5 minute Transaction Processing Times are 4x faster than Bitcoin.
- Bob Mason
DASH Technical Analysis – Early Support Could Reverse –12/12/18
Key HighlightsDASH slid by 7.16% on Tuesday, following a 10.52% tumble on Monday, to end the day at $62.01.A bullish start to the day saw DASH strike an intraday high $67.89, coming up short of the first major resistance level at $73.46.Bearish through the remainder of the day, DASH slid
- Bob Mason
DASH Technical Analysis – Eyeing Support Levels – 04/12/18
Key HighlightsDASH tumbled by 9.38% on Monday, following a 1.98% fall on Sunday, to end the day at $81.13.Bearish through the day, DASH slid through the first major support level at $89.09 and second major support level at $86.23 to an intraday low $81.13 before finding support late in the
- Bob Mason
DASH Technical Analysis – Resistance Levels Back in Play – 26/11/18
Key HighlightsDASH fell by 0.05% on Sunday, following on from a Saturday 8.62% slide, to end the week down 31.46% to $90.058.A bearish start to the day saw DASH fall through the first major support level at $84.752 to an intraday low and new swing lo $80.453 before finding support.An
- Bob Mason
DASH Technical Analysis – Resistance Levels in Play – 16/11/18
Key HighlightsDASH fell by 2.28% on Thursday, following on from Wednesday’s 11.82% tumble, to end the day at $136.5.A bearish start to the day saw DASH fall from an intraday high $141.04 to an early afternoon intraday low and new swing lo $126.17 before recovering to $130 levels.The start of
- Bob Mason
DASH Technical Analysis – Resistance Levels in Play – 08/11/18
Key HighlightsDASH fell by 2.38% on Wednesday, reversing Tuesday’s 3.68% rise, to end the day at $166.A start of a day intraday high $171.6 came up short of the day’s first major resistance level at $174.16.Bearish through the morning, DASH fell through the day’s first major support level at $164.73
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- Moving AveragesBUY(16)
|Williams %R (14)||-32.833|
|Stochastic RSI (14)||47.2328|
|Ultimate oscillator (7,14,28)||46.3566|
|Stochastic Fast (14)||67.167|