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What is Dash Crypto-Coin ?
This is the question you will probably have as more and more people want to trade Dash but at the same time don’t really understand this cryptocurrency and why it is different compared to Bitcoin for example .
The idea is that with Dash you will be able to spend anywhere and use Dash to make instant, private online payments. (Or even pay with it in a regular store using their secure open-source platform which is hosted by thousands of users from all around the globe.)
As this is their sales pitch, we can imagine this still does not tell you that much…so let me get in this a but deeper.
Like most of the cryptocurrencies, dash has a slightly different advantage compared to other coins like Bitcoin, Litecoin, Ethereum and others, namely:
The ” InstantSend” payments which confirm the transaction in less than a second. ( this is a unique feature to dash).
You are able to protect your financial information as “PrivateSend” ensures that your personal financial activity (both history and balances) remains private.
Security is in the end what matters and therefor the transactions are confirmed by 1,000 Gigahash of X11 ASIC computing power (believe me this is a whole lot of power) and over 4,100 servers hosted around the world which for the moment is more then adequate. At anytime, this number can be increased if the demand requires it but to be honest we do not see that happening in the near future.
Dash is a fast growing digital currency similar to Bitcoin and others in many ways.
Dash it is open source (meaning anyone can view and propose contributions to its design), peer-to-peer network (as opposed to being centrally owned and controlled by some entity ) and transactions are secured using cryptography.
This defines it thus as a cryptocurrency. It was created by Evan Duffield and initially released on the market as XCoin in 2014. At start, it became known as Darkcoin as well but within months of its release in 2015, it was re-branded to Dash (an amalgam of Digital Cash), and remains available under the DASH ticker.
As with other cryptocurrencies, Dash uses blockchain technology; an immutable digital ledger that records validated blocks of transactions, interlinked in a chronological order. In Dash there is an anonymity feature built in known as PrivateSend which sets it apart from all other crypto currencies.
The second advantage is the InstantSend feature as mentioned before which is to solve the issue of double spend at the point of payment.
The foundation of operation is that Dash’s core is a unique fully incentive peer-to-peer network. Like with the other cryptocurrencies miners are rewarded for keeping the blockchain secure and the masternodes are compensated for validating, storing and serving the ever changing blockchain to the end users .
The Masternodes in fact offer a separate new layer existing out of these 4100 servers gathered in a network that operate in a highly secure clusters which is called called quorums ( you are not allowed to forget that word again)
These Quorums ( or maybe not yet 😉 then provide a couple of different decentralized services like governance, assuring the privacy of the users taking care of the instant transactions while at the same time safeguarding and eliminating the threat of attacks to the network.
Is Trading Dash Smart and do I need top dash brokers for that ?
From the birth of the coin in 2014, it has been increasing slowly in value and more and more people are trading it , thou still not in the larger number like bitcoin but, people are trading it.
The moment this becomes more and more mainstream it also becomes more volatile , since for most of the cryptocurrencies, news trading is still the main way to trade. You always have to be careful to not trade with too much money involved.
As with all cryptocurrencies, the power to be of the governments and banks are with a few smarter exceptions not very fond of the cryptocurrency as a whole.
This is clear as it truly diminishes their control and ability to monitor and charge accordingly. Therefor they will do everything in their power ( and this can be quite a lot) to destabilize cryptocurrencies and convincing people to put their money elsewhere, of course preferably somewhere where they are able to control it.
The moment Dash will be accepted as a legitimate way of payments for micropayments and offline payments like in the supermarket or paying your bills, this currency will have conquered them all.
Their concept and the direction is pushing them towards this. If the above becomes true, the price of Dash will be reach a huge peak but then drop till it reaches a regular currency level where it will go up and down but not in extremes measurements anymore. This will be years from now and till that time this is one of the more interesting cryptocoins to invest in and day-trade.
We do advise you not to just deposit and leave it there, believing that you in 6 months will be able to cash in . Like trading in forex you have to keep yourself aware of your portfolio and follow the news to see what is happening with your investment.
Another aspect is that you have to find top dash brokers that are in it for the long run. For many of the brokers it’s still not clear how offering these cryptocurrencies will work out so be careful and follow the list we have made above. These are solid brokers that are able to handle the trades.
Follow the Dash Movement on this Chart ,
Dash Vs Bitcoin, Usd, Ethereum
How to Choose the Best Dash Broker
If you are you looking for a good Dash broker, then please read below! There are some simple features and services that top dash brokers should have in order to be relevant.
In the moment you decide you would like to trade Dash you get to the part where choosing a broker is the first thing on your list.
The Dash Trading Platform
When you Choose among the top Dash Brokers, the product offered by the Dash broker is a extreme important. The faster the learning curve and more intuitive the platform on which you are trading is, the faster you are able to see if you got the actual trading down and make a profit.
Buying Dash obviously holds risk but it also has an amazing potential. you need to see if the broker is regulated. This does not per definition mean that this broker is better then a non regulated broker but it will insure you for the amount up to $25000. Additionally there is a more secure feeling to it when the broker has the proper licenses.
Volatility is the key when trading currencies and the financial markets are highly unpredictable regardless of what people tell you. When you come to a decision you want to act fast upon it.
This makes the ability to reach your broker and their customer service in real time paramount to the trading platform you choose.
Every broker offers different means of communication but not one has everything so make sure when you choose a broker for trading dash, he has the means of communication right for you, telephone, skype, etc.
Once you decide on a Dash trading platform, it’s time to review the tradeable assets the different trading platforms offer. From Dash & commodities to CFD’s and Forex. You should choose the trading platform that offers to trade with the assets of your preference.
Regulators act in many ways in order to assure the stability of the trading platforms and online brokers, the fairness of their product and other aspects of their business.
This is an important factor in choosing the best trading platforms for you and will guide you to the top dash brokers out there.
Article : Choose the Best Dash Broker | All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results. *
*This post is for educational purposes and should not be considered as investment advice
Dash Broker review : Resources and more Reading for Reviews, Knowledge and entertainment