BlocksInform
Dash (DASH) is digital cash designed to offer financial freedom to everyone. Payments are instant, easy and secure, with near-zero fees. Built to support real life use cases, Dash is the leading decentralized payment solution. Users can purchase goods at thousands of merchants and trade it at major exchanges and brokers around the globe. This has led to an increase in DASH price.
Since its creation in 2014, Dash has demonstrated leadership in innovation and pioneered groundbreaking features.
Features
-Two-tier network with incentivized nodes and decentralized project governance (Masternodes)
-Instantly settled payments (InstantSend)
-Instantly immutable blockchain (ChainLocks)
-Optional privacy (PrivateSend)
Security
Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain. The PoW algorithm used by Dash is called “X11” — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash’s documentation, X11 is “one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies.”
Let us review DASH Price
DASH Price Prediction
DASH is currently trading just below the resistance zone of $149. If it can break this resistance and flip it to support, we could start seeing a move towards $180, $219 and $266. Failure to break the resistance at $149 could lead to a drop towards $127, $115 and $94.
