Dash: History and Possible Future
The Coin Shark keeps on telling about  interesting Bitcoin alternatives and today we are going to talk about world’s 13th cryptocurrency by market capitalization - Dash.   Dash was developed in 2014 on Bitcoin blockchain and became a fork of the most popular virtual currency. Dash is similar to Bitcoin in many ways, however, it has some significant unique features.   Dash is an open source payment system that allows making private, fast and secure transactions. Its blockchain is based on a unique two-level block architecture that enables developers  easily update and advance the system. Dash became rather popular in 2016 and today this virtual currency is used by stores, companies and individuals in many different countries. On the official website of the payment system there’s a rather huge Dash merchants map. Users can use Dash for many things, from purchasing wine, T-Shirts and 3D-printing services to paying bills in Australia, healthcare services and mining equipment. Dash network main nodes are called master nodes. The number of existing master nodes depends on the number of coins mined. They ensure sustainability, security and seamless operation of system functionality. 10% of all extracted Dash is used to finance  the development of the project. So, miners and master nodes basically provide financial support for the system. If a user wants to create a new master node they should own at least 1000 coins as a kind of “charter capital”. The system allows users to create new master nodes, however, it also has a mechanism to prevent individuals from monopolising the network. If compared to Bitcoin, Dash has less users, however, constant modernization attracts more and more people. The virtual currency is also rather flexible for the development and provides better privacy. Unlike BTC, Dash uses a technology of distributed confirmation that ensures faster transaction. As of the beginning of April, 2018 Dash rate was around $300 and experienced recession together with the cryptocurrency market in general. At the end of 2017 (best times ever for many coins) Dash cost more than $1,500. Considering its flexibility, Dash, that already has a fairly good liquidity, is likely to “come to terms” with any changes happening on the market. Its progressive technical and economic model, as well as a good credibility and several important advantages comparing to Bitcoin and other virtual currencies, can potentially help the project continue to expand and develop bringing profits to its investors. However, there are always crypto-related risks, that everyone always has to consider. Subscribe to The Coin Shark news in Telegram: https://t.me/thecoinshark