$ 158.96 right now
Trade name: DASH
Year of Foundation: 2014
What is DigitalCash?
Digital cash or Dash is one of the most promising altcoins on the market today. It advocates itself as decentralized peer-to-peer cash. The coin aims to be as liquid as possible. Just like the standard currencies, we use today.
Dash is built based on the Bitcoin’s core code, only that it has several additional features that make it an improvement. For example, it has better privacy features and quick transactions.
It is an open-source system just like Bitcoin. It has its own blockchain, wallet, infrastructure, and community. However, it has very low transaction fee compared to the others.
How it works?
Its unique structure runs on a two-tier network, masternode. The first tier is composed of nodes- simply computers that communicate with each other and miners use them to create and verify transactions.
The second tier is the full nodes which are computers holding full blockchains of the cryptocurrency and enforce rules. They also facilitate specialized transactions for PrivateSend and InstantSend.
One will need a minimum of 1000 Dash to run a masternode.
What is the history of DigitalCash?
Dash was created in 2014 on Jan 18th by a developer called Evan Duffield. It was released initially as Xcoin (XCO). A new name “darkcoin” was however adopted in Feb the same year. The name did not hold as the coin was rebranded as Dash on 25th March 2015.
Evan used the Bitcoin core-code to build Dash. His original idea was to change make bitcoin anonymous but knew it could be difficult. Hi instead used the code to develop his own crypto and today we have Dash.
How to use
There are two ways you can buy Dash. First, you can use your credit/debit card to purchase with easy and steps, though you can get fewer coins for your money.
Secondly, you can buy Ethereum and exchange with Dash. Though is it time-to consume and complicated, you will get more coins for your money. Then you can use the coins to trade with others or simply hold them.
DigitalCash price today
At the moment, Dash coin is at the cost of USD 311.99 with a market cap of USD 2,532,049,306.