Crypto-currencies of the world: Dash and its differences from Bitcoin. Alexander Sivtsov.

In this article I will tell you about the crypto currency, which is on the list of the world’s leading ones. We will talk about such a crypto currency as Dash, which market capitalization today is more than $ 5.5 billion. That is why this currency is sixth on the list, among the world’s most popular crypto-currencies.

History of Dash

This crypto currency was released in January 2014 under the name XCoin (XCO), but, after a few days, was renamed to Darkcoin, as this name more reflected the anonymity of the system. The final currency name was received in 2015, Dash is a reduction from Digital Cash.

The main differences from Bitcoin

Naturally, when Dash was creating, the source code was taken from the bitcoin as the basis, but the creators of this crypto currency went further and built in the source code their own two-stored architecture that allows developers of digital currency to introduce unique improvements into the system. This allowed to receive a number of differences from the bitcoin:

• Anonymity. When using the bitcoin, transactions are published in the blockchain, which allows to track all the sending and receiving of funds in the system. In case of Dash, during the transaction, an anonymization system can be used, which makes it impossible to track payments in the system. In addition to the complete anonymity of transactions, the anonymization system also does not allow you to track the remnants of users’ funds, unlike bitcoin.
• Speed ​​of work. With the help of Dash payments can be made almost instantly, unlike bitcoin, since in the bitcoin system any transaction is confirmed by the miners in the process of processing the data block, which lasts for 10 minutes.

Considering the main differences between Dash and Bitcoin, it is worth noting that, in its anonymity, the Dash system is more secure from stealing funds from client wallets, but at the same time it makes it easy to conduct shadow monetary transactions by achieving complete anonymity. The speed of the system, which significantly exceeds the speed of transactions in the bitcoin system, makes it more convenient to use Dash in everyday life when paying for goods or any services.

Since early 2017, the price of Dash has risen from $ 10.56 per coin to $ 808.00 or 7 651%, which is simply an incredibly high result, while the maximum growth of bitcoin since early 2017 was approximately 2,850%.

Fig. The increase in the price of DSH/USD since the beginning of 2017.

Conclusion

To sum up, it is worth noting that attention should be paid not only to bitcoin but also to other digital currencies when trading in crypto currency, since they also cause certain interest among investors due to their advantages.

Alexander Sivtsov