Dash is a cryptocurrency created for instant and private payments. Formerly known as DarkCoin and Xcoin, Dash was renamed in 2015 to avoid any illicit connotations with the darknets. Its current name is a made-up word: [D]igital + c[ash].
The most significant technical difference between Bitcoin and Dash is the underlying blockchain. While Bitcoin operates within a single-tier network, Dash uses the two-tier chain with masternodes on the second level. Those nodes implement governance functions as well as perform InstantSend and PrivateSend payments within the network. Each masternode uses 1,000 DASH each as collateral thus protecting itself from forged identity attacks and boosting overall Dash security.
Dash is a mineable cryptocurrency with a limited issue size of 18,900,000 coins. Within the first two days after the launch, 1.9 million coins were mined. As of April, 2019, its circulating supply exceeded 8,700,000. That leaves enough space for DASH to grow with escalating computing power.
You can benefit from trading DASH with EXANTE by investing in the DASH cryptocurrency fund. As soon as you purchase a fund share, the fund locks the crypto into its account so your shares are fully secured 1 to 1.
You can short, or sell DASH without coverage with the leverage rate of 1:2. The commission for trading DASH cryptocurrency fund shares is 0.5%.
To start trading cryptocurrencies, open an account with EXANTE: follow the link and upload two documents. An account manager will be in touch within 24 hours to guide you through the process and help with the trading platform functionality and other related issues.
If you have any questions regarding cryptocurrency trading with EXANTE, feel free to contact our 24/7 multi-language support at email@example.com.