Dash

DASH

Current price

$47.43

−5.12%24h

LiveUpdated 17s ago

TodayDash drops 5.1%, trailing the market.

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View as table

Time	Price

Change by period

1 hour−0.29%
24 hours−5.12%
7 days−11.45%
30 days−10.13%
1 year+4.71%

Dash's move in context

Lagging the market today
−5.12% today against −3.24% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−11.4% over 7 days and −10.1% over 30 days: the recent move continues the monthly direction.

This is analysis of past prices, not a prediction or financial advice.

About Dash

Dash: A Fast and Scalable Digital Currency

Dash is a peer-to-peer cryptocurrency that aims to offer fast, secure, and low-cost transactions globally. It was created in 2014 by Evan Duffield under the name "Darkcoin" but was later rebranded to Dash in 2015 to reflect its focus on digital cash. Dash operates on a decentralized network and leverages the unique governance model known as "Treasury System" to fund the development and sustainability of the network. Known for its quick transaction times and enhanced privacy features, Dash seeks to become a practical digital currency for everyday use, serving both individuals and businesses worldwide.

Key Aspects of Dash

1. Instant Transactions with InstantSend

One of Dash's standout features is its ability to process instant transactions through a technology called InstantSend. This feature allows for near-instant confirmation of transactions, ensuring that users can transfer Dash quickly without waiting for block confirmations. InstantSend utilizes Dash's unique two-tier network, making it one of the fastest cryptocurrencies for transferring funds globally. Instant transaction processing is ideal for daily transactions, including retail purchases, remittances, and peer-to-peer payments.

2. Privacy with PrivateSend

Dash also places a strong emphasis on privacy, offering users the option to send private transactions using its PrivateSend feature. PrivateSend leverages a coin-mixing service based on the CoinJoin protocol, which obfuscates the origins and destinations of funds, adding an extra layer of privacy. This feature is essential for users who value financial privacy and wish to keep their transactions confidential from third parties, such as businesses, governments, or other entities.

3. The Two-Tier Network: Miners and Masternodes

Dash operates on a two-tier network that consists of miners and masternodes. The first layer, which involves traditional miners, is responsible for securing the network by validating transactions and creating new blocks. The second layer, made up of masternodes, performs more advanced functions such as enabling InstantSend, PrivateSend, and participating in the governance system. Masternodes are incentivized with Dash rewards and require a minimum collateral of 1,000 Dash, ensuring that participants have a vested interest in the network’s success.

4. Dash Treasury and Governance Model

Dash features an innovative decentralized governance model, which utilizes a "Treasury System" to fund network development and future projects. The treasury allocates 10% of each block reward to fund various proposals submitted by community members. Masternode operators vote on which projects and initiatives should receive funding. This decentralized decision-making process ensures that Dash remains community-driven and can prioritize development efforts in line with the needs of its users.

5. Scalability and Low Fees

Dash's architecture is optimized for scalability, enabling the network to handle a high number of transactions per second (TPS). The use of masternodes to process certain functions and enable faster block times makes Dash one of the most scalable cryptocurrencies on the market. Additionally, Dash is known for its low transaction fees, making it an attractive option for microtransactions and use in everyday spending. Low fees, combined with fast transaction times, make Dash ideal for merchants and consumers alike.

Future Outlook for Dash

Dash continues to evolve as a leading cryptocurrency for fast, secure, and private transactions. With its innovative features, including InstantSend and PrivateSend, Dash stands out in the cryptocurrency space for its commitment to improving the user experience and providing a practical digital currency solution. As adoption continues to grow, Dash is poised to remain a prominent player in the world of decentralized finance, facilitating quick, cost-effective transactions in a range of applications from remittances to point-of-sale payments.

Dash market

: #77; Position by market cap among the coins we track.
: $610.1M; Price × coins in circulation. It measures a coin's size, not its quality.
: Low $46.26High $50.40; The lowest and highest price in the last 24 hours. The dot marks the current price.
: $1,493.59; Now 3% of itReached 20 Dec 2017 · Needs +3,049% to get back; The highest price this coin has ever reached. The bar shows today's price as a share of it.
: 12.86M DASH; 68% of max; Coins that exist now and can be traded.
: 18.9M DASH; The most coins that can ever exist. Some coins have no limit.

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