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      What is Dash? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 25, 2021

      5:13 AM UTC

      What is Dash? - Stocks Telegraph

      Dash Network is a blockchain-based social media platform.

      The project was first known as XCoin, but it was then renamed Darkcoin, and then Dash in 2015. Since its launch, it has aimed to be the most dependable cryptocurrency payment method, which it attempts to achieve through masternodes backed by collateral on Dash, which performs high-level functionalities. Its significant features are instantsend, privatesend, and chainlocks.

      Dash’s network is protected by X11, a bespoke Proof of Work (PoW) system. This is one of the most reliable hashes, according to the documentation. The Proof of Service consensus is used by the masternodes. Masternodes keep an eye on new blocks and reject them if they don’t work. Masternodes are also in charge of chainlink functionalities.

      Tokenomics – Dash

      The maximum amount of coins that can be issued is roughly 18 million. Approximately 10 million Dash are now in circulation. Around 45 percent of newly created Dash goes to miners, 45 percent to masternodes, and the remaining 10% goes to future proposals. New tokens are mined using the proof of work mechanism, and once 210,240 blocks have been mined, the mining rate is reduced by about one-fourteenth.

      Price Movement

      Before the crash in May, the coin was being traded at the price of $478. It later fell down to the price of $101. The price was very slow to move upwards and is still traded near the bottom that it had created. At the time of writing this article, The Dash is being traded at a price of $150.15. The price has almost increased by 10% today. On the monthly time frame, we have seen a decrease of almost 15%.

      Price Prediction – Dash

      In the long run, DASH is a highly good opportunity. According to the wallet investor, the price is to reach a value of $205.916 in a year. For a five-year plan, the price will reach a value of $492.843. The way the price has grown, the traders are even more bullish on the value and they think that it will reach even more.

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