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What is Dash in the Crypto World?

What is Dash in the Crypto World?

Dash is a different cryptocurrency from the others and other cryptocurrency projects such as Ethereum or Bitcoin.

In essence, it could be defined as a development platform that makes use of decentralised electronic money, which intends to be liquid like the real money that we use daily from country to country, but which could be even compared to normal currencies.

It’s defined as completely digital cash that allows you to operate via a completely open source P2P network in a very fast and secure way, therefore allowing you to send and receive money at very low commissions.

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A friendly Crypto
It is an open source cryptocurrency that has set itself the goal of being the friendliest one for all traders but also the one most traded by them. It offers instant transactions and private transactions, operates on a model that enables the network to pay individuals and businesses to perform jobs that add value to the network.

Limited supply like Bitcoin
Like Bitcoin, Dash is also defined as an exhaustible virtual currency designed to have a total supply of 18 million coins. This element means that it can be considered by most traders as a safe haven asset. There is an average block extraction time of 2.5 minutes on the Dash chain block, which makes Bitcoin 4 times faster.

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Will it continue to grow?
In the last year the currency has risen more than 500%, with a great performance, like other cryptocurrency, as Ripple and Litecoin , but the question is: will it continue to rise or will its run stop? Obviously, the answer cannot be given with certainty since each cryptocurrency follows its own trends regulated by different factors.

In fact, today there is no one who is able to say where it will go. In recent days it has grown a lot, surpassing the old target prices that analysts had set.

It continues to be one of the most used in the world for direct payments and has included, in perspective, very interesting additional services, which put it on par with several more modern decentralised finance projects. Time will tell.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

What do you think? Comment below or follow us on Facebook or Twitter.

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by techbull.co.uk. Readers should do their own research before investing funds.

Photo by Dash Cryptocurrency on Unsplash


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