The remaining 10% is used for operational costs. But in contrast to Bitcoin, miners only receive 45% of mined rewards, with another 45% distributed to the masternodes (which act as a security layer and governance system). The current 24-hour trading volume is around $76m, or roughly 15% of market capitalisation.ĭASH is used to distribute mining rewards. Specifically, the custom X11 PoW protocol was developed by Duffield.Īccording to Dash’s second-quarter statement in July 2021, the volume of transactions processed with DASH amounted to $6.48bn (up 78% year-on-year) from 90,800 active addresses, with a median 29,000 transactions performed per day. New tokens are created through the energy-intensive proof-of-work (PoW) mining algorithm. With a circulating supply of 10,832,394.85, its $507m market capitalisation makes it the 74th-largest cryptocurrency by capitalisation.Ī max supply of 18.9 million DASH will be created in its lifespan. Let’s go over a few key facts before continuing our dash price prediction.ĭASH is currently priced at $46.88. Otherwise, stay with us as we dive into the latest DASH figures and the Dash coin price prediction. We have tons more information, including a peek at the technology underpinning the DASH coin, over at our in-depth Dash explainer. Since then, numerous competitors, including Monero and Zcash, have entered the fold.ĭash became highly popular as a payment alternative in Venezuela when the country’s fiat currency, the bolívar, crashed. The DASH coin also powers the point-of-sale (POS) DashApp, a US-only, in-store payment option that is becoming increasingly popular among vendors. Furthermore, its novel (for the time) two-tiered masternode infrastructure touted superior user privacy compared with Bitcoin’s one-to-one transaction system. The Dash coin ( DASH) is the native cryptocurrency of the Dash blockchain, the Bitcoin-forked, payments-focused protocol that was launched in 2014 and has spawned numerous imitators.Ĭreated by developer Evan Duffield, who is based in Phoenix, Arizona, Dash set out to trounce Bitcoin’s sluggish 10-minute transaction times.
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