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DASH cryptocurrency is a cryptocurrency that operates on a\u00a0peer to peer open source format.\u00a0It offers users instant transactions and private transactions. DASH coin operates as a self-governing and self-supporting structure. This means that the users who make payments with the DASH coin network are able to use and increase the value of the network. Dash coin operates using a decentralized government and budgeting system making it a Decentralized Autonomous Organization (DAO). The DASH coin was created by Evan Duffield in 2014.<\/p>\n
DASH cryptocurrency was originally created on January 18^th^, 2014 as XCoin (XCO), however, 10 days after its release the name changed to Darkcoin. By March 2015, it got rebranded and renamed to DASH which was shortened from\u00a0Digital Cash. The DASH coin is a minable cryptocurrency, with a few days of its released 1.9 million coined were mined. Mining is the process by which transactions are tested and added to the public register, known as the\u00a0blockchain<\/a>, and also the means through which new\u00a0bitcoins<\/a>\u00a0are released. Although there had been some errors in the release, most miners didn\u2019t want a change so the founder Evan Duffield left the initial distribution as it was and continued to develop the project.<\/p>\n As of recent, the DASH Cryptocurrency Core team, responsible for currency development has increased to 30 full-time employees, 20-part-time employees and many unpaid volunteers. DASH coin has become the most dynamic\u00a0altcoin<\/a>\u00a0community on Bitcoin Talk with more than 6400 pages, 133k replies, 7.9M views. 1 bitcoin (BTC) is worth about 13.7 DASH coin. According to coin market DASH coin has a\u00a0market cap of $10,123,322,645 USD(625,797 BTC), a 24-hour volume of $236,085,000 USD (14,594 BTC) and a circulating supply of 7.804Million DASH.<\/p>\n Due to the Decentralized governance by blockchains, master node owners are able to vote on budget proposals and decisions that affect DASH cryptocurrency. These Budget Proposals fund the development of DASH cryptocurrency and are directly gotten from block rewards. This means that the development of DASH cryptocurrency is self-funded by its own blockchain.<\/p>\n DASH uses the X11 which is a windowing system for bitmap displays on UNIX computer operating systems. It provides a basic framework for a GUI environment. The average block time is 2.5 minutes.<\/p>\n DASH coin uses special servers called\u00a0master nodes\u00a0to enable Private Transactions (PrivateSend), Instant transactions (InstantSend) and the governance and treasury system. Users that run master nodes are usually rewarded with 45 percent of the block reward assigned to pay the master node network.<\/p>\n Master node allows the following services:<\/p>\n Master node owners must own a minimum of 1000 DASH, which they have to prove by signing a message and broadcasting it to the network. These coins can be moved at any time, but a short will cause the master node to fall out of the queue and stop earning rewards. The 1000 DASH is a collateral to prevent Sybil attacks.<\/p>\n Masternodes cost money and effort to host so they are\u00a0paid a share of the block reward to incentivize them.With current masternode numbers and rewards, people operating masternodes earn approximately an 8% return on 1000 DASH (which means 6.97 DASH or USD1360 a month) for the year. These rewards shrink by 7% each year, but the rising value of DASH should counterbalance these shrink. In truth, masternodes were receiving 140 DASH per month at the beginning of 2016 but they were actually less money than today: USD 600 per month. There is also the possibility for masternodes to earn money from fees in the future<\/p>\n Master node users gain voting rights, each master node has one vote and it can be used in voting for budget proposals and decisions that affect DASH crypto.<\/p>\n The X11 is the algorithm that is used to create DASH coins. It has numerous pros and cons that should be noted and first off are the pros<\/p>\n DASH can be bought via several methods and equally sold in several ways.\u00a0Each of these methods has different pros and cons.\u00a0The main methods are exchange, peer-to-peer and ATM.<\/p>\n This is the most popular method for trading cryptocurrencies. There are large numbers of\u00a0exchanges<\/a>\u00a0available,\u00a0each of them offers slightly different features and services.\u00a0Some are more expensive than others, some are stricter and have more regulations than others, while others are less strict. The majority of exchanges are centralized, this means rather than an individual owing it they are owned by a company and have to follow the laws of the country in which they operate in and thus collect data from its customers.<\/p>\n The others are decentralized as a result of this escrow requirement is increased as it is peer-to-peer instead of a trusted identity. There are two main types of exchange categories, there are certain exchanges that accept fiat money (national currency) and exchanges that are dealt with cryptocurrencies only. \u00a0Examples include\u00a0Bittrex<\/a>,\u00a0Poloniex<\/a>,\u00a0Kraken<\/a>,\u00a0Huobi<\/a>\u00a0and more.<\/p>\n There is also another form of exchange known as\u00a0instant exchanges. It is similar to a regular exchange the only difference is that there is\u00a0no log in required. The currency s converted but there are some limits to this method such as the amount that can be exchanged and the rates are usually disadvantageous. Credit card purchase is also possible. Examples include\u00a0Changelly<\/a>, We Sell Crypto, Liberal Coins etc.<\/p>\n Certain sites enable customers to trade DASH crypto between individuals, however,\u00a0the volume is low\u00a0and the individual normally maker a request at a price that they are willing to pay and wait for another user to contact them and formalize the details of the sale. Advanced peer-to-peer sites offer\u00a0escrow services for a fee\u00a0to prevent cheating during an exchange between two users that have never met.<\/p>\n There are ATMs available that accept card and cash payment in exchange for crypto, and it is becoming more widely spread. To get the specific location of these ATMs mapping services can be used or it can be found at businesses that accept them. \u00a0Examples include General Bytes, Tigo CTM, and TroveMat.<\/p>\n DASH coin is stored on wallets with varying standards and details, the most commonly available ones on the market are\u00a0desktop wallets, paper wallets, hardware wallets and web wallets.\u00a0Each of them will be discussed to give an insight as to how they function and can benefit you to allow you pick which is the best option for you.<\/p>\n DASH coin wallets are\u00a0very different from the money that we use for national currency.\u00a0DASH coin wallets is a software that allows people to send, receive and store DASH crypto. These wallets help to\u00a0keep DASH coin safe from hackers, thieves, and other threats.\u00a0However, it can not\u00a0eliminate all risk\u00a0as the different types of wallets differ and the level of risks depend on the type of wallet in use. These wallets are similar to the wallets used for other cryptocurrencies and passwords are not recoverable if you forget to be careful.<\/p>\n Software wallets have to be downloaded in form of software into the users\u2019 laptop or pc (desktop wallet), iOS or Android device. They are the most expedient type of wallet available. They are regarded as hot storage.<\/p>\n Pros<\/p>\n Cons<\/p>\n They are usually regarded as cold storage.\u00a0It is a very common method of storing DASH coin and they seem to be safe wallets. The major function they provide is keeping the user\u2019s private details and keys on paper<\/p>\n Pros<\/p>\n Cons<\/p>\n Hardware wallets are also considered as cold storage and they are also\u00a0regarded as the safest\u00a0because they are offline and\u00a0cannot be hacked.<\/p>\n Pros<\/p>\nTechnological Features Of DASH Crypto<\/h2>\n
Master Node Network<\/h2>\n
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X11<\/h2>\n
Pros<\/h3>\n
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Cons<\/h3>\n
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Advantages of DASH coin<\/h2>\n
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Buying DASH Crypto<\/h2>\n
Dash Exchanges<\/h3>\n
Peer-to-Peer<\/h2>\n
ATM (Automatic Teller Machine)<\/h2>\n
How To Store DASH Coin<\/h2>\n
DASH coin Wallet<\/h2>\n
Software Wallets<\/h3>\n
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Paper Wallets\u00a0\u00bb<\/a><\/h3>\n
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Hardware Wallets\u00a0\u00bb<\/a><\/h3>\n