Dash cryptocurrency - token exchange rate to ruble and dollar, chart

As of January 17, 2022 Dash is a cryptocurrency that ranks 15th in the Top 100 by capitalization with a parameter of $722 million. The daily trading turnover is 107 million with 8.55 million coins in circulation (out of 18.9 million). Against the backdrop of a temporary decline in the exchange rate, the Dash cryptocurrency is of interest to entrepreneurs and individuals who use coins as an investment object.

Dash rate

To determine the value of cryptocurrency, network participants convert the Dash rate into rubles, dollars or another monetary unit. The resulting value provides information about the exact price of the coin and its purchasing power. When using a coin for investment, you need to have more extensive information - see a chart of the Dash exchange rate in front of you, informing you about changes in value online.

The Dash currency is characterized by anonymity, easy mining and good throughput (the block size has been increased to two megabytes). The features attract network participants and investors who are ready to invest money in cryptocurrency, and in the future, make a profit from an increase in the rate. According to experts, digital money Dash is expected to grow rapidly over the next three years to the level of $150–200 per coin.

To analyze the current situation, prospects for the development of the project and forecast the course, the considered graphs are used. Their advantages:

1. Visibility. The Dash course display option is convenient for beginners who are not used to working with classic candles.
2. Changing the timeframe. To switch the display mode (by time), just select the appropriate button. The investor has at his disposal the cost of Dash per day (today), seven days, a month, three months or a year. To get a complete picture of the cryptocurrency rate, you need to click the “All time” button. After turning on the mode, the investor sees a clear picture of the exchange rate changes over several years (since the release of the first Dash coin).
3. Convenient diagrams. Below the graph there is a chart section. Purpose - to help analyze exchange rate changes at the most significant points. The chart shows the largest changes in the value of the cryptocurrency.
4. Changing the scale. Using the sliders (located at the bottom of the graph), you can increase or decrease the scale. For example, view the course in a few days or even hours.

The graph allows you to see the dynamics of the Dash exchange rate relative to the ruble, dollar and other monetary units (including cryptocurrencies).

If you evaluate the development trend of the coin, it is easy to notice minor price changes until the beginning of 2022. In the period from the beginning of 2014 to the end of 2016, the rate did not exceed $11. The exception is the period from mid-May to the end of June 2014, when the cost of Dash reached $18 per coin.

The Dash rate will begin to rise in February 2022. In the last month of winter, the price of the digital coin reached $28. Subsequently, the bullish trend continued and the rate reached $362 by the end of August 2022. After a slight drawdown to $280, by October 27, the rate of the Dash cryptocurrency soared up again. The peak value occurred on December 20, 2022, when the price was at $1,433.

The jump in Dash occurred simultaneously with the rise in prices of other digital coins. During that period, Bitcoin showed peak values ​​(about $20,000 per coin). Already at the beginning of 2022, a decline began, which continues today. By mid-2022, the Dash rate fell to $223, and by December 31, it dropped to $80 per coin. In 2022, the negative trend continues: on January 17, 2019, the rate settled at $71 per coin.

Should you invest in Dash in 2022?

Dash is a complete solution for fast and anonymous payments. This cryptocurrency is truly decentralized and has an active, developed community. In November 2022, the network broke a record by processing 3.5 million transactions per day. This is one of the few cryptocurrencies that have found application as a means of payment.

The cryptocurrency is considered the most popular coin in Venezuela, ahead of Bitcoin and other digital assets. Hyperinflation of the national currency is forcing Venezuelans to abandon fiat money in favor of crypto. According to CEO Ryan Taylor, Venezuelans download thousands of wallets every month.

In November 2022, the developers introduced the Dash Text service to Venezuelans. It allows you to receive and send cryptocurrency payments via SMS messages. At the end of 2022, there were more than 2.5 thousand stores in the country that accept DASH as payment, including the country's largest supermarket chain, Traki.

Currently, the developers are preparing for a global update called Evolution. It will increase the speed of transactions, speed up mixing in PrivateSend, and allow non-financial transactions to be placed on the blockchain. In addition, Evolution will give developers the opportunity to create decentralized applications on the blockchain.

Thus, the DASH forecast looks optimistic, the coin has potential for growth and development, and the market collapse allows you to successfully purchase cryptocurrency at a low price. However, we should not forget that Dash has serious competitors in the form of Monero and other anonymous coins. Remember that cryptocurrencies are high-risk assets. High volatility can bring big profits or leave the investor penniless.

Features of Dash

Investors have long been interested in cryptocurrencies that can grow 10 times or more in a short period of time. For example, the Bitcoin to ruble exchange rate in 2022 changed from 59,000 to 1.2 million rubles: many investors became millionaires. The Dash cryptocurrency showed good dynamics, the rate of which jumped from 670 to 89,000 rubles - the price increased 132 times. The reason for the jump is the positive trend in other cryptocurrencies and the community’s interest in Dash.

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Dash appeared five years after Bitcoin (in 2014). At first, the coin was called Darkoin, and later renamed XCoin. In the first six months, the developers managed to promote the coin in the cryptocurrency community and achieve an increase in price. Two years after its introduction, Dash was used to make payments on the Internet and was recognized by private users and large companies. Interest in coins was fueled by the availability of mining and the ability to receive cryptocurrency using a regular PC.

Explaining what Dash is, experts note the confidentiality of operations thanks to the use of the DarkSend system. Like other cryptocurrencies, Dash does not have a single center for controlling operations and mining. The creation of new blocks lies on the shoulders of miners, who use GPU farms and ASICs to perform calculations. Of the received premium, 90 percent is distributed between masternodes and miners, and the rest is directed to the development of the crypto network.

As of January 17, 2022, Dash dropped to 15th place in terms of capitalization, although in 2022 and at the beginning of 2022 it was confidently among the top ten coins. The Dash coin rate is relatively high, but the overall trend is still negative. Investors recommend using the time of drawdown and price decline to invest in cryptocurrency.

Dash Features :

• complete confidentiality of the transfer (conditional in the case of Bitcoin);
• X11 hashing algorithm (interaction of 11 different hash functions);
• minimal energy costs for cryptocurrency mining;
• Constant work on optimizing the network and improving the control mechanism.

The total number of coins is 22 million, of which more than a third (8.5 million coins) have been issued. The average block size is 13 kilobytes. The number of operations per minute is six. Transaction fees range from $0.015 to $0.017 (as of January 17, 2019). It takes about two minutes to create a block.

Dash Cryptocurrency Review

Even though this cryptocurrency is based on the Bitcoin code, it has several significant differences.

PrivateSend

To make transactions completely anonymous, the Dash cryptocurrency uses PrivateSend technology.

Activation of PrivateSend

Let's say you want to send a confidential transfer to another network user. The PrivateSend mechanism splits the transaction into equal parts of 100, 10.1, 0.1 and 0.01 DASH.

Your wallet then exchanges coins with the wallets of two other network participants using PrivateSend. This process is called a “round” and can be repeated many times until the entire transaction amount is mixed. Each round goes through a new masternode.

It is not necessary to use PrivateSend. This feature can be turned on and off at the user's discretion. The anonymous transaction mechanism has flexible settings. For example, you can set the number of rounds.

Increasing the number of rounds increases anonymity, but slows down transaction processing and increases network fees. For every 10th round, a cryptocurrency fee of 0.001 DASH is charged.

To send an anonymous transaction, click the "Start Shuffle" button in your wallet.

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Stirring
This will take some time. Once the process is complete, you will be able to send coins. In the settings you can set the default mixing amount. The wallet anonymizes the required amount of crypto in advance so that it is always ready to be sent.

InstantSend

InstantSend is an instant payment technology developed by Evan Duffield. Using this mechanism allows you to instantly confirm a transaction through a masternode. Transactions via InstantSend take between 1 and 4 seconds. The masternode commission for instant payment is 0.01 DASH.

To enable InstantSend, open your wallet and go to the “Send” section. O in the lower right corner of the screen.

InstantSend activation

X11 algorithm

The developers abandoned the traditional mining algorithms Scrypt and SHA-256. Instead, they created the X11 algorithm. It is a combination of 11 cryptographic algorithms and makes ASIC miners more difficult to use. At the same time, mining on X11 requires 30% less electricity than mining cryptocurrencies on Scrypt.

Decentralized control system

All decisions on changes to the code are made by general voting. Each community member can offer their ideas for the development of cryptocurrency. To submit a project to a vote, you will have to pay a commission of 5 DASH.

Dash's own wallet

Dash has an official resource dash.org, where detailed information about the coin is available, programs for download are offered, a description is posted and the advantages of the technologies used are discussed. Here you can find out the rate of Dash to the dollar, contact the developers, read the latest news and check available places to buy cryptocurrency.

The main wallet for Dash is called Dash Core Wallet. Software features: nice interface, advanced functionality and the need to download the blockchain chain. The setup process takes a short time to sync the wallet, after which the vault is available for purchasing and storing digital money. The Dash wallet has a high level of anonymity and security. It is based on the popular Bitcoin wallet (Bitcoin Core). Additional features of the Dash wallet include InstantSend and PrivateSend options.

PrivateSend

The PrivateSend option is provided for mixing transfers based on CoinJoin. The developers managed to optimize and add a mixing function to the wallet program for Dash. The purpose of the feature is to increase the level of confidentiality by combining incoming data, hiding the process of moving funds and making it impossible to control transactions.

Composition of PrivateSend :

1. Splitting payments into identical parts, which eliminates control based on individual parameters.
2. Going through each part of the personal stages of ensuring anonymity. Only parts of the amount are subject to influence, and at subsequent stages a new masternode is selected.
3. Mixing is done in advance. After completing the process, the amount is sent to the owner at the new address and is available for use as needed.

The downside is that as the number of Dash owners increases, it becomes more difficult to avoid the uncertainty in the principles of mixing.

InstantSend

The InstantSend option is provided for instant transfer of the Dash cryptocurrency. The function allows you to carry out urgent transactions on many wallets: Dash Core Wallet, Bitrefill, Dash for mobile phones and others. The operating principle is based on setting a flag for an operation by selecting a quorum from the 10 main elements for inputs made using a transfer operation. Masternodes study the incoming information and, if there are at least six confirmations, the transfer is accepted for execution.

Subsequently, the input is blocked until six new blocks appear, and the output can later be used as input for another translation. The commission increases when using more than four inputs, taking into account the payment schedule. For the transaction to be successful, the recipient's wallet must support InstantSend.

In the process of transferring cryptocurrency, there are two possible ways - carrying out the transaction or blocking it. If the recipient's wallet does not have InstantSend, the transaction proceeds as usual. To transfer Dash using InstantSend, you must check the special box in your wallet.

READ Ways to get free Bitcoins

Advantages and Disadvantages of Dash

The advantages of anonymous cryptocurrencies
The Dash cryptocurrency is a coin with its own advantages and disadvantages - in this it is similar to any other crypto project.

The advantages include the following:

Low Fees – Sending transactions on the Dash network requires a fee, but it is much lower compared to fees charged by banks or paid when using credit cards. Even when sending instant transactions, the commission remains minimal.

Instant transactions - this feature is made possible thanks to the unique Instant Send technology, in which transaction confirmation takes about 1.5 seconds. This gives Dash an advantage even over other cryptocurrencies whose systems take longer to confirm transactions.

Anonymity and confidentiality of transactions - Dash is the first potentially anonymous cryptocurrency. "Potentially" because the privacy feature is optional, i.e. the user can select it using a technology called Private Send. It ensures that neither the wallet from which the transaction was sent nor the amount can be traced.

Two-level network - the Dash cryptocurrency uses the Proof-of-Activity consensus algorithm, which implies the coexistence of miners (working with the PoW algorithm) and holders (working with the PoS algorithm). This allows for two levels of transaction verification, which is an indicator of a more decentralized system.

Users can participate in the development of the network - thanks to the presence of DGBB, users can propose their projects that can make the Dash network better. This feature is available to every user who has an account in the official wallet and owns at least 5 DASH.

Advanced Security - Using the X11 encryption algorithm and a two-layer block creation system, Dash is more resistant to hacker attacks and 51% attacks than other cryptocurrencies. In addition, this coin is open source, so changes made will be immediately visible to community members.

Among the disadvantages are:

An error in the code that led to an instant mine - at the very beginning of its journey, Dash suffered a severe blow to its reputation, which was associated with a huge instant mine. As a result, 25% of the coins were distributed to a very small number of holders. As the founder said, this was due to a critical error in the code. Investors who study the history of a coin before investing in it may be put off by this unpleasant fact about the biography of the Dash cryptocurrency.

Lack of open statistics on the use of funds used for the development of the network - during the mining process, 10% of coins go to the DGBB fund, in addition, for the proposal of each project, a commission of 5 DASH is charged from the user. Unfortunately, at the moment there are no open statistics on the distribution of these funds.

Monopolization of mining - initially, the formation of Dash blocks took place using central or video processors, but now most miners use ASIC devices. Unfortunately, the team does not fight this trend in any way (for example, the Monero cryptocurrency team regularly makes changes to the protocol in order to prevent monopolization of mining).

Watch our video review of the Dash cryptocurrency:

Dash Cryptocurrency Review

Dash cryptocurrency storage options

On the cryptocurrency website at the link dash.org/ru/wallets/, users are offered several types of wallets. Each has individual pros and cons (must be taken into account by the user). After choosing, you need to download the software and install it on your PC. Regardless of the type of storage, it is important to make a backup copy. If you lose access to the storage, it will not be possible to restore it.

The money in the wallet is stored in the Dash cryptocurrency. In the future, they can be converted into rubles, dollars or another monetary unit through exchange platforms and exchangers. Users have four types of storage at their disposal:

1. PC Wallets. They are installed on a computer, have a high level of security and good functionality. Representatives of desktop storage: Dash Core, Dash Electrum, Guarda, Jaxx and others.
2. Mobile wallets. Unlike software wallets, they are installed on smartphones with Android or iOS operating systems. Dash Wallet, Edge Wallet, Jaxx, Ethos and others are suitable for the first version of the OS. The following programs are used for iOS: Dash Core iOS, Jaxx, Evercoin and Ethos.
3. Hardware storage devices are devices specifically designed to store cryptocurrency and protect against hackers. Money is stored cold (without connection to the Internet). Representatives of hardware wallets: Ledger, Keep Key, Guarda, Trezor.
4. A paper vault is a wallet that represents a sheet of keys. Coins are stored without a connection to the Internet, therefore they are reliably protected from hackers.

Dash Core

Dash Core is one of the premier cryptocurrency wallets. This is a full wallet requiring a 9.54 GB blockchain download (as of January 17, 2022). To use the program, you need to download the software to your PC, install it and wait for synchronization. Before installation, you need to determine the sufficient amount of free space on your hard drive.

The wallet installation algorithm is standard:

1. Saving the installation file on your PC.
2. Choosing a storage location.
3. Follow the prompts and launch the vault.

After launch, the program asks for a place to store the blockchain chain. Synchronization takes up to two to three days depending on the type of PC and Internet speed.

After installation, you need to set and write down a password, the loss of which will restrict access to the wallet. Next, the encryption process starts, and at the final stage a backup copy of the wallet is made (useful during recovery). Sending and receiving Dash occurs through the corresponding sections of the client.

Jaxx

The Jaxx wallet is available in desktop and mobile versions. Keys to enter the device are created on the PC and controlled by the user. Developers or other users do not have access to the owner's money.

When conducting a transaction, you will have to trust the service that is responsible for information about the transfer of money (sending or receiving).

Exodus

Exodus Wallet is a program for storing various digital coins. Features: built-in ShapeShift option, key encryption and transfer information, online asset price control. Any changes in the exchange rate change the indicators in the wallet. The wallet guarantees complete control over your money, but you will have to trust the server that informs you about system payments. During use, a direct connection to the Dash P2P network is provided.

Ledger Nano S hardware wallet

Of the available hardware storage devices, the most popular is the Ledger Nano S, which is used to accumulate Bitcoin, Ethereum and other digital money. The peculiarity is the storage of digital money without connecting to the Internet. The wallet is connected to the PC only to receive or transfer coins. For convenience, there is a display and several buttons necessary to control the device.

Paper storage

For long-term storage of cryptocurrency, the Dash Core wallet is used. Suitable for creation is paper.dash.org or the generator walletgenerator.net/?currency=Dash. The code is available through the resource github.com/dashpay/paper.dash.org/releases/latest. Algorithm for creating a paper wallet:

1. Go to paper.dash.org.
2. Move the mouse until it reaches 100 percent.
3. Obtaining a private and public key.
4. Printing a document on paper.

For additional security, the BIP38 Encrypt function is used. After selection, a password is indicated and the Hide Art checkbox is checked. If you click on the generate button, a new wallet is created with a key encrypted with a password. To further use the wallet, you will need a BIP38 key. If necessary, the private and public keys are transferred to a hot wallet. After spending all the funds, you can destroy the storage.

What is Dash? History of creation

Creation of the Dash
Dash

is the first cryptocurrency based on the properties of anonymity and confidentiality. The Bitcoin code was taken as the base, but the founders transformed it using a unique encryption algorithm, which ensures that transactions are untraceable.

The Dash (DASH) cryptocurrency appeared on January 18, 2014 under the original name XCoin (XCO). Unlike most modern cryptocurrencies, which go through an ICO before creation, Dash was created by independent developer Evan Duffield without an initial coin distribution.

Back in 2010, he became interested in Bitcoin, and, like many enthusiasts then, began to think about improving its code. He considered the main disadvantage of Bitcoin to be the lack of anonymity and fungibility, so he proposed changes to the Bitcoin protocol that would make the cryptocurrency confidential and fungible. However, the community did not listen to him, and Evan had no choice but to create a new cryptocurrency.

Here's what the developer says about his attempts to improve the Bitcoin protocol:

“I discovered Bitcoin in mid-2010 and since then it has captured my mind. A couple of years later, in 2012, I started to really think about how to add anonymity to Bitcoin. I found about 10 ways to do this, but after the release, they didn’t want to include my code in Bitcoin. The developers wanted the core protocol to remain basically the same, and that goes for everything else that builds on it. This was the birth of the Darkcoin concept. I implemented the X11 algorithm over a weekend and found that it worked surprisingly well and solved the problem of fair reward distribution, which could be a good basis for a cryptocurrency startup. I actually built a similar growth curve into X11, where miners have to fight to create even a small advantage, just like they did in the early days of Bitcoin. I think this is essential to creating a living ecosystem."

History of the creation of the Dash cryptocurrency
Ten days after its creation, on January 28, 2014, XCoin was renamed Darkcoin, and on March 25, 2015, the coin received its current name - Dash (DASH). There are two versions of the decoding of the name of this cryptocurrency:

1. Dash translated from English means “jerk” - perhaps the creator was hinting at a bright future for the cryptocurrency.
2. Dash is an acronym for Digital cASH.

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It is noteworthy that, unlike most other cryptocurrencies, Dash does not have the word coin in its name.

Unlike Bitcoin, DASH coins were mined through an instant mine (the initial number of coins was initially laid down in the genesis block). In the first hour of the coin's existence, 500,000 DASH were mined, over the next seven hours another 1 million coins were mined, and finally another 400,000 over the next 36 hours. Thus, within 44 hours, the initial amount of DASH in the amount of 1.9 million coins was mined.

Such a large instmine caused criticism from the community towards the developers. According to Duffield, the reason for this was a critical error in the code, and the creator even proposed rolling back the network, but the crypto community rejected this idea. This huge amount of coins was sold on exchanges at low prices, and the situation stabilized.

The total number of coins is 18.9 million, of which 10?177 million have been mined so far.

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It is estimated that the last coin will be mined in 2300.

In the Dash system, the reward for each block mined decreases by 7.1% every year. The average block creation time is 2.5 minutes, which makes the blockchain of this cryptocurrency four times faster than the Bitcoin network.

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Official website of the Dash cryptocurrency

How to buy Dash - list of exchanges and exchangers

Today, many investors are interested in the Dash rate and the potential of the coin. To use it as an investment object, you need to buy a coin. A profitable and convenient option is to use the functionality of exchange platforms. Popular exchanges that trade Dash include Kraken, Huobi, Bitfinex, Bithumb, Binance and others. A complete list of available platforms is available at dash.org/ru/get-dash/.

An alternative option is to buy cryptocurrency with the help of brokers (Uphold, Shape Shift, Evercoin and others). Over-the-counter transactions are available that allow you to buy or sell large amounts of cryptocurrency without affecting the rate. Buyers have access to a larger number of coins at a better price. According to the developers, this is the most convenient and profitable way to buy Dash.

Buy Dash cryptocurrency

How to make money on Dash

Now on the Internet you can find dozens of working methods that explain how to make money on Dash. We recommend that you read the articles that will describe the use of some of them:

1. The article mining on video cards will tell you how you can use mining on the device of an individual PC or an entire farm.
2. Material Future of Bitcoin will share forecasts and options on how to make money by investing in “digital gold” and receive funds for Dash.
3. The article browser mining will give an understanding of mining through a regular browser, which is used by people every day without any special financial profits.

Mining Dash

The cryptocurrency is based on a blockchain containing information about all transactions since the appearance of the first Dash coin. Blockchain technology is protected using a special mechanism - PoW. The mining process involves using equipment to solve mathematical problems. When a new number is found, a block is formed, and miners receive income (as of January 17, 2022, the reward is 3.35 Dash).

Previously, CPUs and GPUs were used for mining. The former have long lost their relevance, but farms on video cards are still used, but after the advent of ASIC miners, their use has less effect. To get the greatest profit, you need to buy an ASIC running on the X11 algorithm. The following options are available today:

1. Bitmain AntMiner D5 (119 GH/s). Price: $1,180.
2. Innosilicon A5 (32 GC/s). Price: $990.
3. iBelink DM56G (56 GH/s). Cost: $1800.
4. Spondoolies SPx36 (540 GC/s). Price: $7,000.

To mine cryptocurrency, you will need to connect to a pool: Zpool, ViaBTC, IpoMiner, NiceHash and others. Detailed information on the setup and features of Dash mining is discussed on the page dash.org/ru/mining/.

How to mine Dash

The easiest way is to mine cryptocurrency on a central processor (CPU mining) or graphic cards (GPU mining). To do this, you will need to purchase equipment, install a special miner program and enter settings for coin mining.

sufficient performance for CPU mining , while Radeon and Nvidia video cards are best suited for GPU mining.

Among the miner programs, ccMiner and sgMiner for mining on video cards, as well as CPUminer, Minerd and Xcoin-miner, if CPU power is used, deserve special attention.

ASIC mining gives much better results . If a processor (for example, the Intel Core i5 4670k, popular among miners) provides a power of 0.5 MH/s, and a first-class video card from Nvidia provides 2.5 MH/s, then a good ASIC produces a full 900 MH/s.

ASICs from Baikal, Pinidea and iBeLink performed very well. But high-quality equipment for solo mining is expensive, so many miners join pools and mine coins together.

Some of the most reliable pools for DASH mining include LTCRabbit, Nicehash and HashPower.

If you don't want to buy equipment, you can simply rent it. For example, enter into a capacity rental contract with Coinotron, Genesis-Mining, HashFlare or another similar company.

As we have already said, mining dash is much more economical than the same bitcoin . However, it is advisable to immediately estimate how quickly and to what extent the investment in mining will pay off.

You can accurately calculate the profitability using a special online calculator - for example, at red-miner.com/dash/.

I also recommend reading: Mining - how to start mining cryptocurrency

Technical principles of the Dash blockchain

The cryptocurrency architecture includes miners and masternodes. The former carry out calculations, and the latter confirm operations. The operating principle is called PrivateSend. The blockchain does not contain information about the recipients and senders of funds, so high confidentiality is maintained. Transfers online are grouped by amount. Transactions with approximately equal amounts are included in one group; after the masternode, transactions are mixed to ensure anonymity. The number of stirrings is set manually - from two to eight.

Mixing trades is the task of the masternode (PC). To solve the problems, the computer owner must pay a 1000 Dash deposit and submit an application. The requirements are in place to prevent a takeover of the network and control of 51 percent of the masternodes. Looking at the price chart and the high price of Dash, many are refusing the role. A number of participants incur expenses in order to make a profit in the future. 45 percent of the crypto network’s income goes to pay for the operation of masternodes.

An additional feature of Dash is the introduction of changes to the network after voting by participants. Each member of the community has the right to make a proposal, and the rest must say their “yes” or “no”. Once a majority is received, the project comes into force. For each proposal to change the network, you must pay five coins.

Pros and cons of Dash

When considering the potential of Dash and the possible increase in the value of the cryptocurrency, it is important to evaluate the advantages and disadvantages of the digital coin.

Pros:

• two-level architecture that simplifies the process of updates and changes;
• high level of transaction confidentiality;
• decentralization due to the presence of masternodes (hacking and downloading of system information are excluded);
• quick confirmation of transfers;
• profitable cryptocurrency mining without paying a commission;
• prompt decision-making to eliminate weaknesses;
• the possibility of using the system in real life - to pay for goods and services;
• potential for cryptocurrency price growth.

Flaws:

• low popularity (when compared with Bitcoin and Ethereum);
• few methods for purchasing digital money;
• small number of cryptocurrency users;
• there is no separate resource for buying and selling (only exchanges and exchangers are available, the safety of working with which is not guaranteed);
• a long-term downward trend in the exchange rate.

Dash has more advantages, so experts expect an increase in demand and an increase in the Dash exchange rate in the next two to three years.

Storage methods

Like any other cryptocurrency, dash can only be stored in a special crypto wallet. They are different:

Own wallet

Dash Core

The official local dash wallet offered by cryptocurrency developers. A “thick” client that will require significant space on the device to download the blockchain and lengthy synchronization.

But it guarantees maximum reliability of operation directly through the 2P2 network. The installation is standard, the interface is Russified, simple and convenient. Basic functions are available, and for a small additional fee you can send hidden transfers.

Alternative wallets

Exodus

A multi-currency product that supports 26 different cryptocurrencies. The official Dash website recommends it as a worthy alternative to your own wallet. It has a simple, pleasant interface that is easy to work with.

Control is available on an intuitive level. Additionally you can:

• change the design;
• set a password;
• carry out internal coin exchange.

Displays the proportions of the virtual currency portfolio composition and graphical analysis for visual perception. Some users believe that this is the best wallet for dash.

You can select another program (wallet):

• Jaxx;
• DashElectrum.

Online services

This type of wallet is considered less secure due to regular contact with the Internet and the need to trust information to a third party.

But due to the possibility of remote access and management, many investors use the services of such services. If all rules are followed and additional protection is provided, work can be completely reliable.

HolyTransactions

Multi-currency wallet with a user-friendly interface. Additional control settings are available. There are no problems with how to create a wallet for dash; all you need to do is create a new account and confirm your email.

After this, you can place virtual currencies. Allows you to store cryptocurrency, exchange dash for other coins, and carry out basic operations.

Coinpayments

Supports work with more than a hundred digital currencies. Applications for iOS and Android have been developed. Simple, convenient and fully Russified interface. Additional measures are provided to enhance safety. Internal exchange is possible.

Cryptonator is an alternative dash wallet that is also available online. There is a special Jaxx extension for the browser.

Mobile applications

Using mobile devices to save and manage cryptocurrency is less secure than using desktop clients. But with several levels of protection, you don’t have to worry about the safety of your assets.

Secret keys are placed on the smartphone. Projects are in great demand due to the possibility of quick access to digital currency.

Jaxx wallet for dash

Multi-currency mobile app supporting over 50 Ethereum-based coins and tokens. Versions are available for Android, iOS. The interface is simple and convenient. When working, you can set the commission amount yourself.

Current rates of supported virtual currencies are displayed, and the coins themselves can be exchanged within the application.

Coinomi

Allows you to place hundreds of different virtual currencies. Android support, iOS version coming soon. Nice design and controls. In addition to transfers and storage, internal conversion is possible.

You can create official dash wallets:

• DashWallet;
• DashCore.

Hardware wallets

Specialized physical drives that are designed exclusively for reliable storage of virtual currencies and confirmation of transactions. They have the best level of security. They are compact, easy to use and allow you to place dozens of virtual currencies. The dash cryptocurrency is popular, so every physical wallet has long implemented it in its functionality.

• Ledger Nano S
• TREZOR
• KeepKey

You can also create a paper dashcoin wallet.

Article on the topic: Cold wallet for cryptocurrency

Development prospects

Having a two-tier architecture simplifies the process of implementing updates and installing improvements. The cryptocurrency community and developers are doing everything necessary to develop the system. The decline in the Dash rate should not scare away potential investors, because capitalization is high, and the coin has secured a place in the Top 20 cryptocurrencies.

The activity of developers produces results. For example, in Bitcoin machines you can already withdraw Dash, and some machines accept cryptocurrency as a means of payment. One of the innovations that stands out is the appearance of Dash cards. The impetus for price growth comes from improved privacy and decentralization. The popularity of Dash in the retail network is increasing, and the demand for cryptocurrency among business representatives is growing.

How the Dash cryptocurrency came to be

The Dash cryptocurrency was created by programmer Evan Duffield. The developer admired Bitcoin and believed that decentralized currencies would change the world.

Evan Duffield - founder of DASH

In 2012, Duffield came to the conclusion that the first cryptocurrency lacked anonymity and decided to correct this shortcoming. He came up with 10 ways to implement private transactions in the Bitcoin code, but other developers did not support him. Then Duffield made a fork of Bitcoin, called XCoin. This is how one of the first anonymous cryptocurrencies was created.

After some time, the coin changed its name to Darkcoin. The anonymity of this cryptocurrency made it very popular in the shadow markets on the dark web, but Duffield and his team did not want their brainchild to be associated with the drug and weapons trade. In 2015, the coin changed its name to the Dash cryptocurrency - “Digital cASH”.