Dash (Darkcoin) is a dark horse. Everything about the Dash cryptocurrency - wallets, history, advantages, where to buy and where to spend

Dash is a popular digital coin that was originally intended as an alternative payment system that could replace Bitcoin. Included in the TOP 10 currencies.

In today's article we will look at the technical capabilities and features of the Dash cryptocurrency. You will find out what kind of project it is and whether it is worth investing in it.

History of the Dash cryptocurrency

The history of Dash begins in 2014. During this period, the Bitcoin system began to exhibit glitches, which were advisable to be solved in the format of a new cryptocurrency unit:

• increase in commission costs;
• mass transition of users to large cloud pools;
• delay in transaction execution.

In the photo, Evan Duffield is the main developer of the Dash cryptocurrency

Until 2015, the project was in the finalization stage and stabilized only by 2015. At this point, the rate fixed at $560 and by May 2017 gradually decreased to $73. This decline is due to the temporary decline of the entire cryptocurrency market and a number of systemic flaws that made Dash unusable.

In 2017, new technical specifications came into force that increased the block size to 2 MB and made Dash crypto possible for future scaling. By November 2017, this gave results, and the value of the coin increased to $700. In January 2018, the price of the coin broke through the $1000 level, continues to increase and, according to many analysts, will reach $2000 by December 2018.

On January 7, 2018, the Dash currency tested the $1,245 mark

Features of the Dash cryptocurrency

To understand all the details of the project, it is advisable to make a comparative review of the Dash cryptocurrency with Bitcoin.

Benefits of Dash Cryptocurrency

• Benefit #1. The Dash cryptocurrency is a completely public project that has a reputable leader (Evan Duffield) and an established team of programmers and PR people. This allows you to systematically develop the project, attract new investors every year and increase the volume of market capitalization.
• Benefit No. 2. With the built-in InstsntSend system, all incoming transactions can be verified and processed in one second. At the same time high speed does not reflect in any way on the quality of the process.
• Benefit #3. The PrivateSend system guarantees the privacy of all transactions financial transactions and ensures the safety of those cash, which are stored in user accounts. The system is absolutely reliable and completely insured against hacking (as the developers claim).
• Benefit #4. For making payments, paying for services and making online purchases, users will pay a minimum commission fee. The total amount is lower than the bank commission.
• Benefit #5. The Dash cryptocurrency has all the necessary prerequisites for future expansion: rapid growth, modern technologies development, low cost. The combination of all these factors means that out of the top ten cryptocurrencies, Dash is one of the best investment assets. Read the article -.

Is it worth buying Dash cryptocurrency?

If global takeover digital money continues, then by 2030-2040 the cost of one unit may rise to $500,000. This means that at the beginning of 2018, optimal conditions existed for investing part of the available funds in Dash coins.

Conclusion on Dash crypto

At the time of its launch, the Dash cryptocurrency had one significant drawback - it did not scale well and did not receive global recognition for a long time. In 2018, everything changed: large investors are investing in Dash and leading international organizations are collaborating (Apple and others). This means that if the dynamics of the cryptocurrency market correspond to the level of 2017, then in 5-10 years Dash could supplant and become the leading digital coin.

Video review of the Desh cryptocurrency:

Among the large number of cryptocurrencies, few are ready to seriously compete with Bitcoin. Most often, users quickly lose interest in new altcoins, and they either disappear completely or remain at the bottom of the ratings. The Dash cryptocurrency has long been in the top ten by capitalization and does not seem to be losing ground. How she managed to do this, we’ll talk further.

The Dash cryptocurrency, or as it is often called by Russian-speaking users - Dash, Dasha, appeared in January 2014. It was first introduced as Xcoin, later as Darkcoin. And only in the early spring of 2015 it received its current name. It plays on several concepts - “digital cash”, which means digital money, as well as “rapid movement”.

Dash's code was originally written by Evan Duffield alone. Very quickly he managed to assemble a successful team around the project, after which the creation process accelerated significantly. When creating the currency, programmers took all the best from Bitcoin and supplemented it with their own developments. The developers present Dash not as an ordinary cryptocurrency, but as an international payment system. Their plan is to make digital currency so clear and easy to use that people of all ages can use it without problems.

Dash and Bitcoin - what are the differences?

• Dash uses several cryptographic algorithms;
• Dash boasts higher transaction anonymity, although it is still difficult to compare with Monero in this regard.
• When mining Dash, electricity consumption is an order of magnitude lower.

Also, unlike Bitcoin, the creators of Dash do not hide under fictitious names, and the entire team is listed in full on the official website. In addition to Evan Duffield, there are highly professional managers, programmers, PR people, testers, including:

• Ryan Taylor;
• Andy Freer;
• Holger Schinzel;
• Timothy Flynn and others.

Making changes to the network

Dash development occurs in concert with all members of the system. Each participant can propose their own project to improve the system. Masternode operators vote on whether to accept it or reject it. And if they decide that the idea is worth implementing into the system, the developer will receive funding for implementation. To do this, a so-called “superblock” is generated once a month. If not a single idea finds a response, then 10% of the coins simply will not be generated.

Dash rate

The cryptocurrency capitalization today is more than $2 billion. And one coin costs about $280. Dash is traded on all well-known exchanges, the most popular of which are:

• Bitfinex;
• Kraken;
• Poloniex;
• C-Cex.

Active growth in value began in the early spring of 2017, when many services began to actively offer the opportunity to pay for goods and services with Dash coins. How I grew up Dash rate against the dollar can be seen from the following chart

Basic network terms

Many people know about the decentralized blockchain system. However, in addition to this, Dash uses technologies that are worth examining in more detail.

• InstantX - ensures instantaneous transactions.
• PrivateSend is a mechanism for mixing payments, which ensures their maximum anonymity.
• Masternodes or as they are also called Masternodes are the key network nodes that are responsible for mixing coins using PrivateSend, as well as for implementing the InstantX function.

Masternodes

Dash is a two-level peer-to-peer network. At the lower level of the system, miners generate new blocks, which create a continuous blockchain chain. The top level consists of Masternodes. Their number today is already more than 4.5 thousand servers located in 40 countries.

Anyone can launch a masternode and make money from it, since when mining cryptocurrency, node operators receive a portion of the reward. It is 45% of the reward from each new block. Another 45% goes to the miners and 10% forms the budget, which is used for the development of the system.

The Dash masternode can work reliably even on a Raspberry Pi 2 microcomputer with one gigabyte of memory. Alternatively, it can be run on a dedicated server. You will also need to have 1000 Dash coins to run your node. They remain completely at your disposal, but if you decide to spend this money, the Masternode will immediately stop working.

Collateral is required to ensure that most of the network is not concentrated in one hand, which will lead to abuse.

PrivateSend

The PrivateSend mechanism occurs in several stages:

• First, all transactions are divided into parts. This process is called pre-denomization.
• Next, parts of equal volume are mixed together.
• A new masternode participates in each mixing stage.

By default, this option is disabled in the wallet. After it is activated, we set how many rounds of mixing are required and indicate the number of coins. Next, click the “Start Automixing” button.

InstantX

InstantX has been introduced into the system since version 0.11.1. In order for the payment to be made instantly, you must select the InstantSend command in your wallet. In this case, the transaction is confirmed by 10 masternodes, selected at random, and the entire process takes literally a few seconds. As we remember, in Bitcoin, waiting for payment confirmation takes on average 20 minutes or more. And if the commission is small, then you can wait several days.

Where to store Dash

To store Dash, the developers have provided a variety of different options: for Windows, for Linux or OSX. Also presented mobile versions for Android and iOS, with which you can conduct transactions on your phone or tablet. You can select the desired option on the official website of the currency www.dash.org/ru/wallets/.

• Trezor;
• Ledger Nano S;
• KeepKey Hardware Wallet.

Instructions on how to create a paper one are also included. Dash wallet- a kind of cold storage of funds, which is considered one of the safest methods. To do this, we generate a Dash address on one of the sites that provides similar services. We immediately receive two QR codes in the form of an image - this is a public address and a private key, with the help of which we will receive and send coins.

• jaxx.io;
• exodus.io.

Whatever option you choose, the developers advise you to be careful about the safety of your coins and make backup copies of your wallets without fail.

How to mine Dash

Dash does not use the SHA-256 or Scrypt algorithms common in cryptocurrencies. Instead, the developers chose X11, which uses 11 hashing functions. The difficulty of coin mining is regulated by the DarkGravityWave mechanism, which ensures smooth changes. The block reward is calculated using a special formula -2222222/((Difficulty+2600)/9)2).

Interestingly, the first 1.9 million coins were mined in the first two days after the launch of the cryptocurrency as a result of an error in the code. This gave rise to a heated debate about the injustice of this approach. The defect was quickly corrected, and the coins remained with their owners.

In total, up to 22 million coins can be mined in the system. Experts suggest that there will be no more than 18 million.

You can get Dash:

• on the central processor or video card;
• using cloud services;
• on special equipment, so-called ASICs.

Dash mining is possible on both Nvidia and Radeon video cards. Moreover, the X11 algorithm, in addition to reducing energy consumption by at least half, also reduces the heat dissipation of the card. The main thing is to first update the drivers to the latest versions. You also need to install the miner program and correctly enter all the necessary settings in it.

For mining on Nvidia video cards ccMiner is suitable, for AMD - sgminer. You can mine coins on the processor using:

• Cpuminer;
• Minerd;
• Xcoin-miner.

The following devices are suitable for ASIC mining:

• Pinidea X11 Miner DR-1;
• iBeLink DM384M X11;
• Baikal A900 X11;
• Pinidea X11 USB DU-1.

Dash Mining Pools

If you want to mine together with other users of the system, connect to one of the pools that allows you to mine Dash. Among the services that have proven themselves well:

• Nicehash;
• HashPower.

Since coins in pools are mined through joint efforts, the profit is divided among everyone who takes part in the process. Many pools also allow you to switch to mining cryptocurrencies, which are more profitable in at the moment time.

Cloud mining

To avoid spending money on high-performance mining equipment, you can use cloud services. To do this, we enter into a contract with the selected site to rent a certain amount of capacity.

From verified services:

• Genesis-Mining;
• HashFlare;
• Сoinotron.

The Dash mining profitability calculator will help you calculate how profitable it is to mine coins on the hardware of your choice. For example, red-miner.com/dash/. You need to enter the hashrate, payment for the pool and electricity, and the service will show the estimated profit for the hour, day, week and month, in Dash, dollars, and bitcoins.

How to buy Dash

You can buy Dash through exchangers using Yandex.Money, QIWI, Perfect Money. Cards from Sberbank, Alfa-Bank, and VTB-24 are also suitable for purchase. Since exchange office offers are constantly changing, exchanger monitoring services such as BestChange will help you find the most profitable option.

You can also use cryptocurrency exchanges and purchase coins there at the market price.

Dash faucets will help you get free cryptocurrency. They hand out small coins to their visitors on average once an hour. Examples: dash-faucet.com, dashfaucet.club, dashbits.info.

The Dash cryptocurrency (in common parlance - Dasha or Dashi) showed its promise in the eyes of the public when in a month its rate rapidly increased to $100 per piece, with an initial price of around zero.

They began to actively mine and buy Dash, admire the advantages and predict a great future, but is this really so? In this article, I offer an introduction to a mysterious and anonymous cryptocurrency that has caused a lot of noise.

What is Dash?

After the success of the cue ball, many new coins arose, which in many ways went further than their older brother. One of these cryptocurrencies is Dash, which is constantly improving and has a specific goal - to compete with virtual gold.

Dash is a decentralized crypto coin and payment system based on the Darksend algorithm, which provides increased user anonymity.

Today, the Dash currency exchange rate is about $367 per 1 DASH, and it is worth noting that at one stage of development, literally in a month, the coin increased in price 10 times - truly fabulous conditions for investors who saw the prospect of Dash from the start. But those who have remained on the sidelines at this time should not despair - according to experts, the coin will continue to rise in price, because for this there are all the conditions in the form of main advantages:

• Compared to Bitcoin, Dash is more anonymized - the DarkSend system is used, thanks to which it is impossible to establish any data about the owner of the coins and his transactions.
• Transactions are carried out instantly.
• Mining requires less technical effort and energy consumption, and is carried out using the X11 protocol.
• Decisions on important upgrades for the network are made not by project managers, but by network participants, that is, management is decentralized.
• At the very core of the system there are several algorithms at once.

Separately, I would like to talk about decision-making in the Dash network. This happens thanks to the existence of masternodes - nodes that store and transmit information. To become such a node, you must have 1000 coins in your wallet, and this amount should not decrease, otherwise you will lose the right to be a masternode.

At the moment, this is quite an expensive pleasure, given the rate of Dash, but previously, almost anyone could become one of those who will decide the fate of the system. Each of the participants can make any proposal for the development of the network (it costs 5 coins) and by voting of all participants, the decision can be accepted or rejected. It goes without saying that people who spend 1000 coins will act only in the best interests of the Dash cryptocurrency, and all their decisions will be carefully considered and balanced.

The history of the creation of the Dash cryptocurrency

The great connoisseur and admirer of Bitcoin, Evan Duffield, one fine day realized that he could make his contribution to this wonderful digital currency and prescribed an entire algorithm that could improve the Bitcoin system. The developers of the cue ball rejected the programmer’s ideas, which prompted Evan to create his own coin, Dash. Literally over the weekend, the enthusiast described all the nuances of the new currency, and after the launch on January 18, 2014, it became obvious that the system works surprisingly well.

Right from the start, an incident occurred that is still being debated, and haters are foaming at the mouth about the injustice of the system. The fact is that initially an error penetrated into the development of the code and the incorrect mining difficulty was set. In this regard, in the first 48 hours after the launch, 1.9 million coins were mined, which accounted for 32% of the total number of coins mined at the end of October 2015.

Later the error was corrected, but the fact remains that as a result of the instant mine, someone very easily took possession of a tidy sum of Dash and, something suggests, that Evan Duffield himself had something to do with this. But these are just guesses, in any case, let’s not forget that Satoshi Nakamoto also mined about 2 million bitcoins from the start - and nothing, the system works, everyone is happy, and Bitcoin is heading to the moon.

At launch, the project was named Xcoin, after 10 days the coin was renamed Darkcoin, emphasizing main feature cryptocurrencies - enhanced user anonymity system. But, fearing Darkcoin’s connection with the black market and other unpleasant circumstances, in 2015 a third rebranding took place and the coin received its current name - Dash.

If we talk about what Dash is today, it is worth noting that those who have delved into the essence of the cryptocurrency world at least a little have probably heard about such a coin, because in terms of capitalization as of March 2017, it took seventh place - today capitalization has reached $1.3 billion. All this looks very promising, but the main thing is that Dash has an individuality, it is not a cryptocurrency “about anything”, it has its own characteristics and is even compared with Bitcoin, and the latter loses in many parameters.

The team that has been working on the project has been successfully leading it for three years now and does not hide its faces, and as soon as Dash is accused of weaknesses, everything is quickly improved. Such a dynamic cryptocurrency fully meets the needs of our time, and the desire to be better suggests that in the future it will not take the last place.

It is noteworthy that source code The dash gave rise to other popular currencies - in particular, a domestic coin called the Siberian Chervonets (SIB).

Dash wallet

On the official website of the Dash cryptosystem there are several types of wallets that have their own advantages and disadvantages. You can download any of them and, after the synchronization process, successfully use the wallet for your needs, experiencing all the benefits of fast transactions and high level anonymity. Regardless of which wallet you prefer, do not forget that you need to be very careful in selecting and storing your password, and also make backup copies of your wallets - if you lose access to your wallet, you automatically lose money and it will not be possible to restore it.

Distinguish following types wallets in which the Dash cryptocurrency will be stored safely and securely:

• Wallets for computers - considered the most secure wallet, as they have special options and additional features
• Mobile wallets - optimized to work with smartphones and tablets
• Hardware wallets
• Paper wallet

Dash Core

The Dash Core wallet for a computer is considered one of the most optimal in terms of security, but has a significant drawback, as it takes up a lot of space on the hard drive. However, you have full control over your savings, and if something happens, you have the opportunity to check its source code, since you have access to it. No third parties are used to confirm transactions.

Jaxx

The functionality of the Jaxx wallet provides complete control over your funds, but you cannot check the source code; you will have to trust that the program does not contain malicious codes. Confirmation of transactions is performed by a third party server and the user must take for granted the accuracy and reliability of payment information. There is a version of the Jaxx wallet for a computer and a mobile device.

Exodus

In terms of functionality and principles of operation, it is similar to the Jaxx wallet, except that access is provided by direct connection to p2p network. Otherwise, the source code is still not available to you to study and you will have to rely on confirmation of operations by a third-party server.

Ledger Nano S hardware wallet

Hardware wallets completely protect their owner from hacker attacks and other thiefs. Working in conjunction with software, such a wallet takes on the function of a custodian and key generator, and also signs your transactions. Ledger Nano S is the most popular wallet in this category, but besides it there are two more types, which also have their own characteristics.

Paper wallet

A Dash cold storage wallet, that is, one that is not connected to the network, which means it provides 100% protection from hackers. In essence, a paper wallet is a kind of check that confirms your ownership of a certain amount of coins.

Dash mining

Dash mining is carried out using the X11 algorithm (11 different hashing algorithms are combined into a bunch; another cryptosystem, Monero, uses a similar algorithm), has a smooth increase in complexity, and also does not require much technical effort or high energy consumption. If previously it was possible to mine using a processor, and then mine Dash on a video card, today the relevance of these methods has decreased, because with the increasing complexity of solving mathematical problems, the need for more serious computing power has arisen.

Today there are already several types of ICs capable of mining Dash crypto coins. The companies Baikal and Pinidea are mainly engaged in the production of such devices, but of course, such equipment costs a lot, and not everyone can afford it, but there is a wonderful alternative - cloud mining. In order to estimate what kind of income you can get from mining on various equipment, I advise you to use the Dash mining profitability calculator.

How to buy Dash cryptocurrency?

If you have neither the time nor the desire to mine Dash, then you can buy Dash - there are several ways to do this, which I will discuss in detail below. First of all, let’s not forget all of our favorite cryptocurrency exchanges, which offer not only trading, but also banal exchange operations with crypto. If you have bitcoins on any of the exchanges, then you can successfully exchange them for Dashi - fortunately, most modern exchanges have long ago included this crypt in the list of their instruments. I advise you to use trading platforms that I use myself, for example, Polonix or the Kraken exchange.

The second option is to monitor Bestchange exchange services, which will help you choose the best crypto exchanger. In the old fashioned way, you need to go to the monitor’s website and select the required exchange direction (most often exchangers work only with the most popular directions - Bitcoin, litecoin, Ripple, etc.), and there it is no longer difficult to figure out which service offers the most favorable conditions . I don’t recommend using third-party exchangers, as there is a high probability of running into scammers, while BestChange offers only exchange sites that have been tested by time and users.

Dash is a new generation cryptocurrency that can easily compete with the great Bitcoin, because its developers are serious about improving the system ad infinitum (unlike the conservative leaders of Bitcoin). Dash’s capitalization is growing rapidly, as is its exchange rate, and the convenience of the system and high degree of anonymity are actively joining the ranks of adherents of this “dark horse”. Today is not too late to join the Dash movement and invest in the coin, because its potential indicates a significant increase in price in the future.

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The Dash cryptocurrency project (DASH, Dash, in Russian you can say “Dasha”) is one of the most promising among. It successfully brought together active and qualified programmers who took the best from existing forks, adding their own unique developments. The community appreciated the promising idea.

More than a year and a half has passed since the launch; During this time, Dash rapidly gained popularity, becoming one of the top five leading cryptocurrencies. Like almost all cryptocurrencies, Dash is still officially in beta testing. serial number latest version wallet on the date of publication of the article - 0.12.0.47.

The launch of the cryptocurrency, which at that time was called Xcoin, occurred on January 18, 2014, and from January 28, 2014 to March 25, 2015, it bore the name Darkcoin, under which it gained a significant share of popularity. Not everything worked out right away, as the developer, Evan Duffield, initially wrote the code alone. Soon, a full-fledged team of enthusiasts was formed, several new releases were released, improving the anonymity mechanisms of DarkSend and optimizing the operation of the Masternode network. In the fall of 2014, Dash successfully passed a security audit by recognized expert Kristov Atlas, after which the source code was opened. Later, the functionality of instant transactions InstantX was implemented.

In March 2015, the “dark horse” of the cryptocurrency world rebranded, changing its name to DASH - while all other components of the project remained unchanged. The general desire to remain the No. 1 anonymous cryptocurrency has also been preserved. The new name DASH plays on the words “dash”, one of the meanings of which is “rapid movement, jerk” and “digital cash”, that is, digital money. Along the way, the word “coin”, generally accepted for most forks, disappeared from the name. Dash has set itself the next goal - to become a direct competitor to Bitcoin.

In the summer of 2015, Dash introduced a built-in decentralized voting system. During the first stage of voting, Masternode owners decided to introduce a system of decentralized management and financing. It becomes the basis for further long-term development of the project.

Dash Wallet

When loaded, the wallet program displays a nice and modern splash screen. Its appearance resembles the classic Bitcoin client, but there are some differences. A large button “start automixing” is visible, there are buttons “try manually” and “reset”. Functions related to Darksend technology are also called from the wallet.

After downloading the wallet program, it will take some time to sync. But then you can start enjoying all the benefits of faster and more anonymous system than Bitcoin. More anonymous, but not completely - since there are no absolutely reliable systems in cryptography. It can be said that this level of anonymity is sufficient to protect privacy.

Dash Features

Dasha has several original features that distinguish it from Bitcoin and many faceless forks that can only boast of changing the name, logo and key constants.

The basis for all of Dash's key features is its two-tier distributed network architecture. Bitcoin's traditional peer-to-peer network is based on peer-to-peer consensus, which results in verified transactions being recorded on a distributed ledger (blockchain).

The two-tier Dash network works differently - “supernodes” form top level consensus in real time. This speeds up the protocol, but slightly increases security risks. After which, transactions approved by masternodes undergo the same procedure of being recorded in the blockchain through mining.

In the future, the capabilities of the two-level Dash network can be used to implement solutions such as Distributed Storage Systems (transaction lists, registries, messages, etc.), Distributed Application Systems (exchanges, stores, services, etc.), support for Third Party projects, etc.

The future development of Dash will be determined by the voting system currently being implemented. This new tool for the cryptocurrency world will allow Dash to conduct distributed secret voting between masternodes. “Ordinary” network users do not have voting rights, but any of them can put forward proposals for development.

Thus, Dash is creating a platform that is maximally suitable for further effective development, adaptation and promotion of new cryptocurrency technologies.

This is a short list of the features of Dash, below we will look at them in more detail:

• A system of masternodes – key nodes of the network responsible for implementing its main functions
• Transaction anonymization (mixing) system DarkSend
• InstantX transactions
• Original X11 mining protocol
• Optimized DarkGravityWave difficulty recalculation mechanism

There may be between 16 and 22 million coins in total. 22 million is a theoretical maximum, but in practice you should expect no more than 16-18 million DASH to be available. To date, approximately 5.6 million DASH have already been issued. This gives the total coin capitalization of about 20 million US dollars (currently one dash costs about 3 $). The daily volume of transactions exceeds $50,000 (the latest data is available). Every year, the emission of new coins is reduced by 7%, which gives a smoother distribution of emission than BTC and LTC. A complete block calculation is completed in 2.5 minutes (similar to LTC and 4 times faster than BTC).

Just like Bitcoin, Dash is divided into 100 million parts. Some users call them "duffs" in honor of the creator, Evan Duffield. The calculation of transaction fees and their distribution among miners is similar to Bitcoin. Most questions of interest to newcomers are posted on the Dash Wiki

Anonymity and instant transactions

InstantX

Starting with kernel version 0.11.1, the Dash network supports InstantX technology. This is a mechanism for making instant payments, in which the transaction is confirmed not by the network, but only by ten random masternodes. These five confirmations can be received in a matter of seconds. They are not an absolute guarantee that the payment will be processed. Subsequently, the transaction is included in blocks in the same way and receives “regular” confirmations, as in . That is, InstantX is a form of “trusted payment” using randomly selected anonymous intermediaries. The function in the wallet is disabled by default.

Such a high deposit was introduced in order to protect the network from possible attacks (the so-called “51%” attack), and does not allow ill-wishers to gain control over a significant part of the network, including the voting system. When trying to redeem large number coins on the market - their price will rise significantly. Thus, on the one hand, the system is open to the creation of new masternodes, and on the other hand, it limits the ability of individual players to control a significant part of the network and interfere with its work.

The maximum number of masternodes is naturally limited by the number of DASH already mined. Now this is approximately 5,600 pieces - that is, now more than 40% of all available coins are blocked for the functioning of supernodes. On the one hand, this creates a shortage of Dash and increases their value on exchanges, but on the other hand, developers become hostages of the current scheme, since if the size of the collateral changes - in any direction - a significant amount of DASH will spill onto the market, which can lead to strong fluctuations in the rate .

Mining

Dash mining uses a combination of the X11 multi-hashing algorithm and the DarkGravityWave difficulty regulation mechanism (a special implementation of the KGW technology - Kimoto Gravity Well). With DarkGravityWave, difficulty changes more smoothly and currency prices experience fewer fluctuations. The reward for a block depends on the difficulty and is calculated using the formula 2222222/(((Difficulty+2600)/9)^2). Now the reward is approximately 6 DASH per block.

The X11 algorithm is a combination of 11 hashing algorithms ((blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo). Network failure will only occur if all 11 algorithms are hacked, which is unlikely. Even if attackers It will be possible to break several algorithms, this will give developers time to take action and replace the compromised functions.

Dash is currently being mined using central processing units(CPU) and GPUs video cards (GPU) with a bias towards the latter. Mining with GPUs using the X11 algorithm requires 40-50% less energy than using the Scrypt algorithm. Also, for this reason, the heat dissipation of the card drops by 40-50%.

Is ASIC possible for X11? Such developments are already underway. Developer Evan Duffield has repeatedly emphasized that DASH cannot be called ASIC-protected. In his opinion, Dash is going to follow the same path that Bitcoin and Litecoin did before him - mining on a CPU, moving to a GPU and then to an ASIC.

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In this article you can find out what the DASH currency (aka DigitalCash) is, what advantages and disadvantages it has, and how it is mined.

Current exchange rate (change online) DASH to US dollar at the moment and fluctuations during the day.

What is the DASH cryptocurrency?

Among the numerous modern cryptocurrencies, almost no one is ready to compete with Bitcoin. In most cases, users very quickly lose interest in all new altcoins, as a result of which they completely disappear or simply begin to occupy the last lines of the ranking. The Dash cryptocurrency, known to many, has long been occupying the top ten in the ranking by capitalization and does not look like it plans to lose ground. How she managed this, let's look a little further.

Dash (slightly previously known as Darkcoin and XCoin) is an open, decentralized payment system, which uses a mechanism known as “Darksend” to make all transactions completely anonymous.

Like many cryptocurrencies, DASH has decentralized management - it is issued not by the government or banks, but only by miners. They receive a fairly large reward in the form of DASH tokens (coins) as soon as new transaction blocks are formed. Of the total number of coins mined by miners, 90% is distributed equally among all Dash miners, as well as Masternode operators. The other 10% is allocated for ongoing funding of proposals.

The project of the famous cryptocurrency Dash (DASH, Dash, in Russian you can say “Dasha”) is one of the most promising among all altcoins. It quite successfully brought together qualified, experienced programmers who managed to take all the best from other existing forks, adding their own unique developments. The community was able to appreciate the promising idea.

Who created and when

The idea of ​​introducing anonymity into the Bitcoin cryptocurrency came to Evan Duffield from America back in 2012. But after the official release of ten ways to implement this idea, some Bitcoin officials completely refused to implement the code in own system. After this, Duffield launched his own cryptocurrency system in January 2014, which he called Xcoin (later renamed Darkcoin).

Immediately after the implementation of updates by a large team of developers, Darkcoin was successfully tested in the fall of 2014 by Kristov Atlas, recognized as an expert in cryptography in the international community. Since then, Evan Duffield has opened the source code for his currency.

After some time, the developers managed to implement the functionality of instant transactions InstantX. They are carrying out a complete rebranding of the name, after which the name Dash was officially assigned to the cryptocurrency. The word Dash simultaneously plays on two concepts: the concept of “digital cash” and the concept of a throw, speed in a race.

Throughout 2015, Dash managed to implement a system of built-in decentralized governance, voting and financing, which laid the foundation for the long-term development of this cryptocurrency.

Peculiarities

Dasha has several unusual and original features that distinguish it from the well-known Bitcoin and many faceless forks that can boast only minor changes in the name and logo.

The basis of each key features Dash is a two-layer architecture of the entire distributed network. The traditional Bitcoin peer-to-peer network is based precisely on consensus among peer nodes, as a result of which verified transactions are recorded in the blockchain (distributed ledger).

The working principle of the two-tier Dash network is completely different - “supernodes” create the upper level of consensus at the present time. This makes it possible to significantly speed up the protocol, but slightly increases the risks to your security. As a result, transactions that have been approved by masternodes undergo the same procedure of being recorded on the blockchain using mining.

In the near future, the capabilities of Dash's two-tier network can be used to implement various solutions, such as Distributed storage systems (registers, transaction lists, messages and others), Distributed application systems (services, exchanges, stores, etc.), as well as support for Third-Party projects.

The further development of the Dash cryptocurrency is planned to be determined using the voting system currently being implemented. This new-to-the-world cryptocurrency tool will allow Dash to perform distributed secret voting among masternodes. “Ordinary” network users do not have the right to vote, but each of them can put forward their own proposals for development.

Advantages

The structure of the Dash cryptocurrency consists of a 2-level system. There is such a model of Decentralized Control, built on the 2nd level of the network (Masternode). With this, the developers managed to create a reliably secure communication network. It includes addresses (that is, accounts) that have 1000 or more coins in their account and meet a number of requirements. In addition, they play the role of identifiers in the network (Full node).

Full node is a program that verifies and confirms transactions on the network.

At the current stage of Dash development, the 2nd level simultaneously performs managerial function. All this is implemented on one decentralized voting system. Each Masternode has 1 vote, which can be used to make the right decision. For example, when developing your own infrastructure, 10% of the total mining of new blocks is transferred to startups, ideas, projects that can help the system actively develop and win the highest place in the cryptocurrency market. This is an original solution, given the rapid growth of competition. Budget financing has the main goal of smooth but constant development. We can say that there is no massive injection of funds, with its further fading. In this case, a fixed percentage of the cryptocurrency production is always allocated.

The construction of a 2-level system also makes it possible to provide cryptocurrency protection from a Sybil attack.

Flaws

The modern world of cryptocurrency is very young, so they all have both advantages and disadvantages. The question here is different - are there any effective solutions and how quickly problems are resolved.

The main disadvantage of the Dash cryptocurrency is the presence of decentralized management that makes all important decisions. Many users are not confident in the professionalism of the team. Therefore, it is likely that most of the votes will not come from non-professionals in this field. But if these people managed to earn so much money by investing in the system, then at least they deserve attention for that.

Another disadvantage of cryptocurrency is the poor implementation in our real life. Here it is worth giving Bitcoin its due. Dash is noticeably inferior in mass use among many users, and cryptocurrency is not so actively accepted as payment for many services and goods. But it’s important to note that Dash is much younger than Bitcoin, so it still has a long way to go.

How to buy Dash

If you don’t have time to do mining, then you can simply buy Dash through special exchangers with Yandex.Money, QIWI or Perfect Money. VTB-24, Sberbank, Alfa-Bank cards are also good for purchase.

After all, offers from exchange offices change regularly, so you can find the most profitable option for yourself using exchanger monitoring services, for example, BestChange. You can also use various cryptocurrency exchanges to buy coins here at the actual market value.

Users can also obtain cryptocurrency using Dash faucets. They hand out very small coins to all their visitors once an hour. Examples include dash-faucet.com, dashbits.info, dashfaucet.club.

Where to store

“Dasha” has its own official website, where you can always download a special wallet program, as well as meet all the developers and learn even more about the advantages of Darksend, InstantX technology and the masternode system.

When loading, the wallet program displays a nice and beautiful screensaver. Appearance it resembles a regular Bitcoin client, but there are some differences. Here you can see a rather large “start auto-mixing” button, there are also “try manually” and “reset” buttons. From the wallet you can call functions related to Darksend technology.

Immediately after downloading the wallet program, it will need a little time to synchronize. But after this, you can again begin to enjoy absolutely all the advantages of an even faster and anonymous system compared to Bitcoin. Even more anonymous, but not completely, because there are no completely reliable systems in cryptography. One could even say that this level of anonymity is quite sufficient to ensure the protection of the inviolability of any private life.

How to mine (extract) Dash - instructions for beginners

To start mining Dash cryptocurrency, follow the detailed instructions.

3. For proper operation miner needs to be configured. To do this, after downloading, type the following:

After that, you have to change “-u Weblogin.Worker -p worker password” to create your own account. For example, "-u Steve.StevesWorker -p StevesWorkerPassword".

Go to "File => Save As" and then save a file called "RunMe.bat" in the same folder as minerd. Now you are ready to mine cryptocurrency. To start mining, double-click “RunMe.bat”. If you want, you can create additional workers with passwords and usernames of your choice.

To receive your earned money, you can download your wallet. To do this, follow the link and click on the "Download wallet" button.

Create for yourself new address and then enter it on the page account and receive payments to your account.

Dash Mining Pools

If you want to mine together with other users of this system, then you should connect to one of the pools with which you can mine Dash. From modern services, good option will be:

• Nicehash
• HashPower

Coins in pools are usually mined through the efforts of several users, therefore all profits received are divided equally among everyone who participates in this process. In addition, many pools provide the opportunity to switch to quick mining of cryptocurrencies, which are considered the most profitable at present.

Cloud mining

In order not to spend a lot of money on high-performance modern mining equipment, you can simply use cloud services. To do this, you need to enter into a contract with the selected site to rent the required amount of capacity.

Among the long-proven services we can highlight:

• Genesis-Mining;
• HashFlare;
• Сoinotron.

You can calculate how profitable it is to mine coins on a specific hardware using the Dash mining profitability calculator. Such as red-miner.com/dash/. It is necessary to enter the hashrate, full payment for electricity and pool, after which the service will show the approximate profit per hour, week, month in Dash, dollars and bitcoins.