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About the DASH/USD (Dashcoin/US Dollar)
Dash is an open source cryptocurrency and is a form of a decentralized autonomous organization run by a subset of users, called master nodes. It is an altcoin that was forked from the Bitcoin protocol. The currency permits fast transactions that can be untraceable.
The cryptocurrency pair indicates how many US dollars (the quote currency) are needed to purchase one DASHCOIN (the base currency). For example, if the pair is trading at $161.2452, it means that it takes $161.2452 US dollars to buy 1 DASHCOIN.
Breaking Down "DASH/USD"
Dash was started in January 2014 as Xcoin and then changed its name to Darkcoin. In March 2015, Darkcoin was rebranded as Dash. Dash was founded as a fork of Bitcoin, which means it duplicated Bitcoin's existent code and made it better by addressing the issues users faced with Bitcoin. So, clear flaws and weaknesses in Bitcoin are missing in Dash, making both digital coins much different in terms of efficiency. As an alternative to Bitcoin, Dash provides a faster and more secretive service to its users.
One of the standard difficulties of using Bitcoin is the slow rate at which funds are transferred, confirmed, and visible in a recipient's account. It could take minutes or even hours for a transaction to be confirmed and finalized using the Bitcoin system. With Dash, however, it takes seconds to confirm a transaction. While several other cryptocurrencies also offer immediately confirmed deals like Dash, not all of them lock down these transactions once they are made. DASHCOIN Limited Supply
It has a current supply of 8.84 Million coins and a max supply of 18.9 Million Coins. The most active exchange that is trading Dash is HitBTC. The reason for this supply limit is the decreasing-supply algorithm that is used in the mining process.
DASHCOIN Market Capitalization
DASHCOIN is the cryptocurrency with the 2nd largest market capitalization; its Market Cap is $1,433,638,110.
Instruments Correlated to DASHCOIN
Other prominent cryptocurrencies like Ether (ETH) and Litecoin (LTC) are positively correlated to DASHCOIN prices. This correlation, however, has varied from time to time.
There have been times when Ether (ETH) and Litecoin (LTC) have moved in opposite directions to DASHCOIN. Nevertheless, these two cryptocurrencies are prone to move in tandem with their big brother Bitcoin, because Bitcoin generally sets the tone for the cryptocurrency market.
When Bitcoin live price performs well, it sends out a message to the investment community that all is well in the cryptocurrency market. Consequently, Ether and Litecoin tend to benefit from a rosier Bitcoin. Ether and Litecoin are some of the largest cryptocurrencies.
Governance is handled through a form of decentralized autonomous organizations in which decisions are made on a blockchain via master nodes. Master nodes perform standard node functions like hosting a copy of the blockchain, relaying messages, and validating transactions on the network, and in addition acting as shareholders, voting on proposals for improving Dash's ecosystem. Along with master nodes, the system includes standard nodes and miners.