What is This Cryptocurrency? Dash
Dash is a cryptocurrency intended to be used a cash. The name means digital cash. The network is supported by the cryptocurrency which allows individuals to have their cryptocurrency in their wallet and help the network. There are incentives to keeping the cryptocurrency in the wallet such as being able to gain rewards when a specific block is created.
Dash also has a protection system that prevents a hack attack. This allows for Dash to have a secure network that is decentralized and allows for a community to keep the project going. No one individual has full control of the cryptocurrency project and allows for the stability of the project.
Another interesting point about Dash is that it allows for payments to be sent almost instantly. Different cryptocurrencies have different time specifications for sent currency. Bitcoin takes anywhere from 10 minutes and can take longer at times. Dash has a feature called InstantSend which allows for the cryptocurrency to be sent almost instantly per the website. The cryptocurrency also has immutability which means that when the code is written, it protects the block chain from any change in code.
Dash has a current value around $70. Has a circulating supply of 9.6 million. Total volume in the past 24 hours of $201 million. Has a market capitalization of $690 million.
* This is not investment advice. If you want to buy or invest in cryptocurrencies, you need to research information prior to making an informed decision.