Dash (DASH/USD)

Dash to US Dollar (USD) exchange rate.

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Product Type: CryptocurrencyMarket: Global
Currency: DASHTrading Hours: According to market
Measurement Unit: Base Currency (Dash)
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Description:

Dash is one of the biggest cryptocurrencies (also known as digital, or virtual currencies) in the world. While it was not one of the first digital currencies to be launched, Dash has come on very strong, particularly in late 2017.Cryptocurrencies rely on blockchain technology, which is a public ledger of all transactions. Every transaction is an individual block in the blockchain, as are balances owned by holders of the cryptocurrency. Each account owner has a personal key to his account, enabling him to make transactions, and then those transactions become part of the public blockchain. Miners solve complex mathematical puzzles in order to release blocks of cryptocurrencies, and receive some of the coins as a reward for successful mining. Anyone can mine digital currencies from their computer using free open source software, but as the number of people actively mining coins increases, so does the difficulty in mining them.For all that Bitcoin revolutionized online transactions, it has its shortcomings. First, transactions are slow, taking approximately 10 minutes to process. Second, like most cryptocurrencies, it has the problem of Double Spending. This is when a buyer conducts two transactions almost simultaneously. In the window of time before the first transaction is confirmed, the system mistakenly “believes” that the funds used in the first purchase are still available for the second one, and it is possible that a buyer will spend more than he has available in his account.To address these issues, Dash transactions can be completed within a matter of seconds. Second, Dash has introduced a feature called InstantSend, which automatically freezes funds as soon as the money is sent, even before the transaction has been confirmed, thus preventing Double Spending. Also, Dash’s conjoin mixing technique makes transactions less public than most other digital currencies.DASH/USD is the price of Dash in U.S. dollars (USD). Throughout 2016, the Dash showed very modest gains, going from just under $3 at the beginning of 2016 to $12.31 on December 31. The price steadily rose in early 2017, and by mid-March, it was over $100. On September 1, Dash was valued at $395.46, and nearly double that – $781.52 – on December 1. Three weeks later, it had doubled again and was nearly at $1,500. Traders who wish to purchase Dash, but are deterred by the rising costs, are able to purchase fractions of coins. For example, if Dash costs $1,500, and you purchase $150 of it, you would then own 10% of a coin, or 0.10 Dash coins. If the price of Dash jumps to $2,500, the value of your 0.10 coins would increase to $250.Risk warning: As with any investment, trading Dash CFDs carries no guarantees. Your capital is at risk. The contents of this page are for general information only, and not intended to provide investment or trading advice.

Interesting Facts:

  • As of mid-December 2017, the market capitalization of Dash was over $12 billion
  • When Dash was first created in January 2014, it was known as Xcoin, and was briefly called Darkcoin, before its creators settled on Dash, which is a combination of Digital Cash
  • Dash is expected to produce a total of 18 million coins, slightly less than the 21 million Bitcoins, but they are to be released much more slowly than Bitcoin. The final Dash coins will be available for mining around the year 2300
  • Since 2009, more than 1,300 cryptocurrencies have been launched. Besides Dash, Fortrade offers three other cryptocurrencies for CFD trading: Bitcoin, Ethereum, and Litecoin