Dash was created as an improvement to the first crypto, Bitcoin, with more focus on better privacy and faster transactions. The open-source blockchain and cryptocurrency offer a fast, cheap global payments network that is decentralized in nature.
Since its launch in 2014, Dash has transitioned into a protocol that can be used as cash, credit cards, or via PayPal for daily transactions. The network relies on Masternodes – a network of servers backed by DASH collateral to provide advanced services securely and governance.
Dash is the largest blockchain using the X-11 hashing algorithm (a modification of the proof-of-stake (PoS) algorithm). DASH, the native ecosystem token used for proposal voting and staking, plays an important role in the development and security of the network.
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Dash recently celebrated its 62nd Masternode, making it one of the most decentralized networks. The growing number of Masternodes is part of the reason why the Dash network has never been taken down with a 51% attack.
On Thursday, November 24th, Matrixport, one of Asia’s biggest crypto financial service providers added DASH to its mobile app. Its users can now deposit, withdraw, and transfer DASH with it.
The announcement comes just weeks after the world’s leading social trading platform, BingX, announced that DASH has been added to its platform. According to BingX, the addition of DASH trading was due to “popular demand.”
Dash (DASH) has been a top three gainer in the choppy crypto market for three consecutive days. DASH is up by 21% in the last seven days, the third biggest top 100 gainer in the period.
The massive rally helped the price of DASH shoot up from a low of $34 on Tuesday to as high as $43.07. However, the rally has cooled off, with Dash now trading at $40.81, while dropping 4.7% in the last 24 hours.
Dash is now ranked as the 72nd largest crypto project, with a market capitalization of $449.2 million.
Dash Core Group (DCG), the team behind the project, has announced that it is close to the final platform release candidate. The release will improve the DashPay Web Extension, migrating the extension from Manifest V2 to Manifest V3.
The platform candidate will also make changes to the Dash protocol that will improve withdrawals and same block execution. The DCG will also rework the chain synchronization process (SPV) of the network.
The announcement comes after Dash Platform’s principal developer Anton Suprunchuk stated that the team had finished porting the protocol to the Rust programming language. When fully completed, Dash will become the first protocol with a fully decentralized HTTP API.
As part of Dash’s goal of enabling the everyday use of crypto, Dash will be giving a 25% ShopBack bonus for people who use the gift code ‘CRYPTOTUESDAY’ on the online store Shopping.io on Tuesday, November 29th.
As one of the oldest crypto projects, Dash has among the biggest and most supportive communities in the industry. Reacting to the performance of the DCG, @splawik21 wrote:
Clearly delighted about the strong performance of DASH, @Dash_Community shared:
The recent rally of DASH has seen @CoinDCX share their belief about the project, writing:
Dash has seen some of the most crypto adoptions thanks to its focus on real usability and adoption. With the Platform candidate nearing completion, Dash will look to improve the already solidly performing platform.
Sourced from dailycoin.com.
Written by
by Milko Trajcevski on 2022-11-26 11:00:14.
