Cryptocurrency DASH (DASH, DASH) exchange rate to the ruble and to the dollar

Dash cryptocurrency is a popular digital asset, the peculiarity of which is the complete anonymity of transactions. The coin appeared in 2014 and immediately won the attention of private investors and cryptocurrency market players. Initially, the asset was called DarkCoin .
The name change in favor of Dash is due to the association of the previous name with DarkNet, the shadow market of the World Wide Web. Dash is a crypto asset that has managed to integrate into the payment industry. The project management entered into an agreement with WIREX. After this, the digital currency became available in more than 200 countries around the world. Users can link their wallet to a VISA card. In order to start enjoying the benefits of this crypto coin, you need to open the appropriate wallet. Let's try to figure out what official and unofficial Dash wallets exist, what is the difference between online crypto wallets and local ones, and how to create them.

The cryptocurrency coin has gained interest among large investors and private traders. This is because it is trading at over $500 today. The historical maximum was more than $1,000 . However, against the backdrop of the fall in the cryptocurrency market, which occurred at the beginning of 2018, the cost of altcoins, including this one, decreased. Today there is a rise in digital currency. If you invest in an asset on time, you can earn money by the end of the year. The coin is suitable both for storage in a “portfolio” and for small speculative actions, when earnings occur on races and differences in rates of digital assets. Before you buy a coin or start mining Dash, you need to decide where to store it. Let's look at what are the best wallets for storing Dash coins.

Dash Core Wallet – crypto wallet installed on your computer

The most common Dash wallet is Dash Core . This is a software product that was proposed by the project developers. Its main advantage is a high degree of data security. The wallet is local. Therefore, you need to download and install it on your computer. The program works on common operating systems - Windows, Linux, OSX. For the convenience of users, a Russian-language version is provided.

The only drawback here is that before getting started, the user needs to download the entire blockchain of this crypto asset. That is, data about all transactions in the system will be stored on the computer. You will have to wait several hours. If data security is important to you, then surviving this period is not a problem.

Wallet installation

Creating a Dash wallet is easy. To do this, go to the official website of the project – dash.org and click on the “Get Dash” tab.

Next, select the wallet version that matches the operating system you are using:

The installation process is simple and no different from installing other programs. During the installation process, you need to select a location on your hard drive where the blockchain crypto coins will be stored.

The installation process is long. In some cases it takes 1-2 days. After it is created, you need to create an access password.

Dash technology

Private Send

Anonymous Transactions
This is a technology unique to Dash (formerly called DarkSend) that allows you to send confidential transactions. A special CoinJoin mixing protocol, which was proposed by Gregory Maxwell (gmaxwell), is responsible for this.

Shuffling denominations to create anonymous transactions must be done manually in the cryptocurrency wallet. The user can choose the number of mixing rounds - from one to eight (the more rounds, the greater the level of anonymity). In order to avoid abuse of the service, a fee is charged for mixing - on average, for one out of ten rounds you need to pay 0.001 DASH. The mixing process takes some time, so you need to wait until anonymous transactions are formed.

When sending a transaction, you need to be very careful, since along with a private transaction, it is possible to send a normal transaction, which can be tracked to the address to which the “change” will arrive. The anonymous transaction amount must be a multiple of the minimum denomination - 0.01 DASH. This was built into the system to avoid the process of sending “change”, which allows the transaction to be traced.

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However, Private Send is an optional feature that the user can use if they wish.

Instant Send

Sending Cryptocurrency
Until 2016, this Dash cryptocurrency technology was called InstantX. It is a service for sending instant transactions (confirmation takes about 1.5 seconds). These transactions are verified by masternodes in an accelerated mode (without creating a block), however, the latter require higher commission payments for this service. Also, checking such “fast” transactions with masternodes allows you to avoid the problem of double-spending (double spending of coins).

The use of Instant Send technology is available both to users who have installed a full-fledged wallet and to those using “thin” clients, including mobile ones.

Masternodes

Unlike the Bitcoin architecture, in which there is only one type of node, in Dash nodes (nodes) are divided into two types - regular mining nodes and masternodes. Any network participant can create a masternode by downloading the full blockchain history and storing a minimum of 1000 DASH in their account. The latter allows you to protect the network from “infiltration” by attackers and carrying out a 51% attack, since disruption of the correct operation of the system will also bring losses to the attacker himself.

It is thanks to masternodes in the Dash system that functions such as Private Send and Instant Send are available. For performing their functions in maintaining the network, masternodes receive a reward of 45% of each mined block. In addition, they have the right to propose their projects, as well as vote for proposed projects regarding the further development of cryptocurrency. According to data on the official cryptocurrency website, 4,100 masternodes are currently active.

X11 encryption algorithm

Dash Encryption Algorithm
Unlike Bitcoin, which uses the SHA-256 encryption algorithm, the Dash cryptocurrency is based on the X11 algorithm, which was invented by Evan Duffield.

X11 is an algorithm that consists of a “mix” of 11 different cryptographic algorithms (Blake, Bmw, Groestl, JH, Keccak, Skein, Luffa, Cubehash, Shavite, Simd, Echo). This approach is more reliable because to hack the network you will need to bypass all 11 algorithms. X11 also made it possible to reduce energy costs for mining. Compared to the Scrypt algorithm, when using the latest generations of central processors, X11 mining requires 30% less electricity and 30-50% less heat dissipation resources.

Consensus

Consensus on the Dash network
The Dash cryptocurrency uses a special consensus algorithm - Proof-of-Activity. It is a combination of the separate capabilities of Proof-of-Work and Proof-of-Stake. Thanks to the coexistence of two consensus algorithms, the Dash system has two types of network participants: miners (who issue coins) and holders (who confirm transactions).

This “hybrid” works as follows:

1. Just like in the Bitcoin network, miners solve a cryptographic puzzle to find the nonce and create the correct hash of the block.
2. The found hash is sent to the network, and a “blank” is created to form a future block (however, a full block is not created).
3. Holders confirm the transactions, as well as the correctness of the hash, after which the correct block is formed and recorded in the blockchain.

In this case, the reward is distributed among all participants: 45% to miners, 45% to holders, 10% goes to DGBB (for network development).

Using the Proof-of-Activity algorithm makes the Dash network more decentralized, since miners do not have a monopoly on the network, unlike typical blockchains like Bitcoin or Ethereum, which operate on a Proof-of-Work basis.

In addition, Proof-of-Activity protects the network from malicious attacks, since no node has complete power to make changes to the blockchain, even if it has 51% of the power. In this case, the other party simply will not confirm his actions.

DGBB (Decentralized Governance by Blockchain)

Today, cryptocurrencies that have a DAO (a mode in which blockchain participants can influence the development of the network) are not something special. However, the Dash cryptocurrency was the first to offer DGBB - decentralized blockchain governance, an analogue of the modern DAO.

The bottom line is that anyone can propose a project aimed at developing the Dash network. For this you need to make a commission payment of 5 DASH

. The decision to implement or not implement the proposed ideas is made by voting, in which only masternodes (i.e. nodes that have at least 1000 DASH in their account) participate. For example, this is how the decision was made to increase the block from 1 MB to 2 MB. The voting process lasted about a day.

Dash Electrum

The next DashCoin wallet is Electrum. Read more in our article about the Electrum wallet. It is an alternative version of the official program. Among the advantages of this application are:

• Data protection.
• Instant transactions.
• “Pleasant” control interface.
• No interruptions in operation.

Availability for most common operating systems.

The work also involves downloading and installing the entire blockchain. It takes a lot of time. Otherwise, the crypto wallet is easy to use.

Wallet installation

First of all, you need to visit the website electrum.dash.org.

Going to the Download tab, you need to select the version of the wallet you are interested in.

You need to run the downloaded installation file and select the standard wallet type, as well as create a new crypto wallet.

After this, a password will appear on the screen to recover lost data. It is recommended to save it. Otherwise, you may not be able to restore access to your crypto wallet. After this, we come up with an access password.

The wallet is installed on the computer. By going to the Receive tab, you can see the address for receiving crypto coins:

Mining Dash

The main purpose of mining any token is to confirm transactions and create new coins.

Dash is based on the X11 algorithm and is mined using an ASIC miner from Bitmain - model Antminer D3 or Miner PinIdea Dr3.

The reward on the blockchain is distributed as follows:

• 45% goes to the miner who confirmed the block;
• 44% goes to the masternode;
• 1% goes to the network budget.

Today, mining on video cards and processors is unprofitable. Individual coin mining will not bring significant income, so it makes sense to join a team. The best pool serving X11 protocol coins is Prohashing. The official website for joint mining is prohashing.com.

Kryptonator

When talking about wallets for storing digital currencies, Cryptonator is often mentioned. This is an online wallet designed to work with multiple crypto assets. It is also used as an online Dash wallet.

The benefits of using Cryptonator are as follows:

• Storage of common alcoins.
• Storing fiat money. Supported currencies: US dollars, euros, Russian rubles and Ukrainian hryvnia.
• Creating multiple addresses.
• View funds in fiat. For example, you have a certain amount of Dash coins. Using Cryptonator you can find out how much it is in fiat currency.
• Technical support for users.
• Russian-language interface.
• High degree of data protection.
• Availability of a mobile application.
• Calculator and currency converter.

Dash to Russian ruble exchange service created for your convenience.

EXMO is a reliable cryptocurrency exchange with a high level of security of funds and data and the fastest technical support that responds within 15 minutes 24/7. Taking care of the client is the main priority of the EXMO team.

The EXMO platform, where you can exchange DASH for RUB, was founded in 2013 and has offices in London, Kyiv, Istanbul and Moscow. EXMO is one of the largest exchanges in Europe in terms of traffic, DASH trading volume and liquidity.

The platform's easy-to-use interface will be convenient for both beginners and professional traders. The platform uses TradingView charts , which contain all the tools and data a trader needs for technical analysis when trading Dash or the Russian Ruble.

Login to the platform, buy/sell Dash and store Dash in the EXMO multi-currency wallet.

Mobile wallet Dash Wallet

A common option for storing this digital asset is using a mobile wallet. The developers offer an official mobile application for this asset. The application is not bad and can be easily downloaded from PlayMarket. Reviews about the mobile wallet are positive.

The benefits of Dash Wallet are:

• Doesn't take up much space on your mobile device.
• Hassle-free installation.
• Simple control interface.

At the same time, if a person plans to seriously invest in this asset, then it is still recommended to use other wallets. A program on a mobile device is not always the right solution for monitoring your investments.

Cold wallet

The Dash cryptocurrency wallet can also be a cold wallet. Here we are talking about the use of hardware and paper wallets. Common hardware storage options include:

• Trezor Wallet;
• KeepKey;

Trezor Wallet is a compact crypto wallet that is characterized by information security. It supports many crypto assets. Starting in 2022, there is support for Dash crypto coins. The hardware device contains a private key that can read and intercept information on other computers.

KeepKey is a universal wallet. Its setup is very simple. You need to download the appropriate driver, connect the device to the computer and recognize it. The device has an information board.

Ledger is a compact version that has supported this crypto coin since 2016. It is believed that this is the most budget version of all existing ones.

The first option looks one of the most attractive. Today, on the Internet you can easily find services that generate keys for this cryptocurrency. They use generators implemented in Javascript. Generation can be done through your efforts, by entering special characters or by moving the mouse cursor. Once the private access key has been created, it must be saved.

Interesting facts about Dash cryptocurrency

Cooperation

Dash Partners
Dash cryptocurrency is a popular and promising coin, so it is of interest to many companies. Currently the project is collaborating with the following projects:

• Alt36 is a digital payment platform widely used by businesses operating in the medical marijuana market. The use of digital coins in the cannabis space is becoming more widespread and popular, and the Dash cryptocurrency is no exception;
• KuvaCash is a project created with the support of Dash funding and aimed at solving inflation problems in Zimbabwe. To use this platform and make payments in Dash, you only need to have a smartphone. The service is available not only to companies, but also to individuals;
• Saifu is a project of a Czech bank that provides a platform that allows you to exchange fiat for cryptocurrency and vice versa directly, thereby eliminating the need to use exchangers or exchanges. The use is very simple and intuitive;
• Kripto Mobile is a Venezuelan project, Dash’s cooperation with which will consist of joint work on the release of “cryptophones”. The main target audience is South America. Such phone models will simplify the use of cryptocurrencies, in particular Dash (DASH), in everyday life. And against the background of the crazy crisis in Venezuela, Dash has great prospects in this country, and cooperation with Kripto Mobile is only part of the global strategy.;
• CoinFlip - the conclusion of this partnership agreement has expanded the base of crypto ATMs where the Dash cryptocurrency is available by another 80 units, expanding the network of crypto ATMs supporting this coin to 418 units worldwide;
• CoinBR is a Brazilian trading platform with over 13 thousand registered merchants. Buyers can use cryptocurrencies, including now Dash, to pay for goods and services on CoinBR;
• Rewards, a popular online shopping service, will partner with Dash to introduce cryptocurrency into its loyalty program. The main goal is to massively popularize cryptocurrencies among the population and stimulate their use in everyday life. Now, users participating in the Rewards loyalty program will be able to return a portion of their purchases in Dash tokens;
• Wirex is a very important partnership for Dash, which will allow users to pay in more than 40 million online and offline stores that accept payments with VISA cards and DASH cryptocurrency. Customers will be able to link their Wirex card to a VISA card, top up their account using DASH and pay for purchases in stores;
• Payza is a well-known online payment service in the UK. As part of the collaboration, the Dash cryptocurrency will be integrated into the Payza system, which will allow users to pay with the coin in more than 100,000 online stores, as well as exchange DASH for other cryptocurrencies and fiat.

Differences from Bitcoin

The difference between Dash and Bitcoin
Despite the fact that Dash was originally created as a fork of Bitcoin, these cryptocurrencies have significant differences:

• Unlike Bitcoin, the Dash cryptocurrency has an instant payment service called InstantSend, as well as a masternode system that provides increased network security. Masternodes receive 45% of the reward for each block mined;
• While on the Bitcoin network it takes at least 10 minutes to confirm a transaction, on Dash it takes 1.5 seconds to confirm a transaction sent using InstantSend and 2.5 minutes when sending a standard payment;
• Bitcoin transactions can be tracked - anyone has access to data about the sender and recipient addresses, the transaction amount, Dash has the ability to send anonymous transactions using the Private Send function;
• Members of the Dash community can propose their projects, thereby participating in the development and improvement of the network. In addition, 10% of the coins received when the block is closed are allocated specifically for the development of the network. Bitcoin does not have this option;
• Compared to Bitcoin, Dash fees are lower.

Storage on the exchange

A wallet for the Dash cryptocurrency can also be created on the marketplace. Well-known cryptocurrency exchanges mostly support this asset. Among them are such sites as:

• HitBTC;
• Huobi;
• Bitfinex;
• YoBit;
• Binance;
• Poloniex;

Trading platforms support different currency pairs for exchange. Thus, the process of withdrawing and exchanging funds will not be difficult. If you have a certain amount of Dash crypto coins, it is recommended to store them on cryptocurrency exchanges. If serious capital is invested in this currency, then it is more advisable to use other storage options.

Where to buy Dash?

Buying DASH for RUB on the EXMO exchange is very easy, you just need to follow a few steps:

1. Login to EXMO or create an account if you don't have one;
2. Go to the “Wallet” section of your personal account;
3. Select RUB currency and top up your balance;
4. Go to the “Trades” page, select DASH/RUB in the list of currency pairs;
5. Scroll down to “Buy DASH” and “Sell DASH”;
6. Select order type: Limit, Market or Stop:
   Use order if you want to instantly buy or sell DASH at the current market price (currently 1 DASH is 10813.85 RUB). This order does not require any additional settings.
7. A limit order is an order to buy (or sell) DASH at a certain, more favorable price. A buy limit order is executed only at or below the specified maximum price, and a sell limit order is executed only at or above the specified maximum price.
8. A stop order is a pending order for automatic purchase or sale operations, which is executed according to previously established restrictions in order to make a profit and (or) minimize possible losses.
9. Fill in the “Amount” and “Price” fields (pay attention to the transaction fee).
10. Click the “Buy” or “Sell” button.

Easy, right? Now you know that purchasing Dash and exchanging Russian Ruble for Dash is available to all users. You just need to figure it out a little.