DASH cryptocurrency, also known as an open-source cryptocurrency was created in January 2014 by Evan Duffield. It was first named XCoin, but it was later rebranded as Darkcoin in February 2014. In March 2015, it was renamed to DASH, which stands for Digital Cash. So what is the DASH?
DASH was designed to address some of the issues that were present in the original Bitcoin protocol. One of the crucial issues that DASH aimed to solve was the slow confirmation time for transactions. DASH accomplished this by implementing a two-tier network that consists of master nodes and regular nodes.
Masternodes perform specialized tasks such as instant transactions, budgeting, and voting on proposals for the DASH network. In contrast, regular nodes do not require any collateral and perform the basic tasks of verifying transactions and blocks.
DASH also introduced a feature called PrivateSend, which is a coin-mixing service that allows users to anonymize their transactions. This feature makes it difficult to trace the origin of a transaction, which can be useful for those who want to maintain their privacy.
Over the years, the DASH crypto coin has gained a significant following and has been listed on numerous exchanges. As of February 2023, DASH has a market capitalization of over $785 million.
DASH Coin Price History
DASH cryptocurrency has had a volatile price history since it was first introduced in 2014:
- Initially, the price of DASH was very low, and it was mostly traded on small exchanges. However, as the cryptocurrency market started to gain more mainstream attention, the price of DASH began to rise.
- In early 2017, the DASH coin price saw a significant increase, reaching an all-time high of over $1198 in December of that year. This was largely due to the cryptocurrency market boom that occurred in late 2017, where many cryptocurrencies saw massive price increases.
Following the 2017 boom, the price of DASH, like many other cryptocurrencies, experienced a significant correction. The value of DASH dropped to around $77 in December 2018. Since then, the rate has been relatively stable, with some fluctuations up and down.
What is the Current Price of DASH?
As of February 2023, the price of DASH is around $70 per coin, with a market capitalization of over $785 million. While the DASH coin price has not reached the heights it did during the 2017 boom, it has remained a popular cryptocurrency with a significant following. Regarding DASH cryptocurrency price prediction, it remains uncertain, as the cryptocurrency market is known for its volatility and can change rapidly based on various factors, including market sentiment, adoption, and regulatory changes.
Jeena Alfredo is a passionate digital marketer at The Business Goals. She is working with other companies to help them manage the relationship with The Business Goals for the publications.
