Question 1

What's the current price of Dash (DASH)?

Accepted Answer

Currently, Dash (DASH) is priced at £ 317.85.

Question 2

What's Dash (DASH)?

Accepted Answer

Dash (DASH) is a form of digital cash designed to provide financial freedom for all. It ensures immediate, effortless, and secure payments, benefiting from almost non-existent fees. Dash is strategically developed for real-world use cases, making it a leading decentralized payment solution. You can spend Dash at countless merchants, and it's tradable at major exchanges and brokers globally.

Question 3

Who are the creators of Dash (DASH)?

Accepted Answer

Dash was launched in 2014 as Xcoin, but it quickly rebranded to Darkcoin. In 2015, it was rebranded to Dash, short for Digital Cash. Evan Duffield and Daniel Diaz are the two main figures behind its development. They shared an ambitious vision of making digital transactions immediate, private and easy to fulfil, features that Dash has successfully implemented.

Question 4

What technologies make Dash distinctive?

Accepted Answer

Dash has brought significant innovation to the cryptocurrency world, pioneering several groundbreaking technologies. Its is based on: - Two-tiered network: Unlike Bitcoin's single-tier network, Dash has a two-tier network. The first tier consists of miners, and the second tier is the network of masternodes that perform InstantSend, PrivateSend and manage the governance. - InstantSend: With this feature, payments are processed in less than a second, allowing for instant transactions, making Dash suitable for day-to-day transactions. - ChainLocks: This technology makes the Dash blockchain instantly immutable, protecting it from malicious attack which attempt to reverse transactions (51% attacks). - PrivateSend: This feature adds privacy to transactions, allowing users to transact without leaving a trace.

Question 5

How does the Dash Network work?

Accepted Answer

The Dash network consists of two layers. The first layer includes miners who secure the network and write transactions to the blockchain. The second layer consists of masternodes which perform functions unique to Dash such as PrivateSend, InstantSend and the governance functions. By incentivizing both miners and masternodes, Dash maintains high security and allows for additional network functions, boosting its utility.

Question 6

How many DASH coins are in circulation?

Accepted Answer

The current circulating supply of Dash (DASH) is 12.7M out of a maximum supply of 12.7M.

Question 7

In what aspects does Dash excel?

Accepted Answer

Dash excels in several areas that were problematic for early cryptocurrencies. It offers instant transactions, enhanced privacy, and a self-governing, self-funding model that fosters the creation of value-added services for its network.

Question 8

Where can you purchase Dash (DASH)?

Accepted Answer

Dash (DASH) can be bought in several exchanges such as Binance, KuCoin, Kraken, BigONE, Coinbase Pro amongst others. To purchase Dash, you need to have an account on one of these exchanges, deposit funds, and then simply purchase Dash on the exchange.

Question 9

How do you store your Dash safely?

Accepted Answer

Dash can be stored in a variety of wallets, including mobile, desktop, hardware, and paper wallets. Be sure to use wallets from reputable sources to avoid potential security risks. It's also a good practice to backup your wallet and protect your backups with a strong password.

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