55 views 0 comments

Is Dash The Digital Currency To Overtake Bitcoin?

by on March 28, 2017
 

Well it is 2017 and who would of thought that 1 bitcoin is now worth over $1000 and rising, I guess not the regretful few who lost out with various computer problems and issues all those years ago before the boom, resulting in hundreds and thousands worth of bitcoins literally vanishing into thin air.

For those who are not familiar with bitcoin, it is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

What is Cryptocurrency?

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins.

So What is Dash?

Dash (DASH) is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that improves it. Dash allows you to remain anonymous while you make transactions, similar to cash.

With Bitcoin, transactions are published to the blockchain and you can prove who made them or to whom, but with Dash the anonymization technology makes it impossible to trace them. This is important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. Dash does this through a mixing protocol utilizing an innovative decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system.

Dash transactions are almost instantly confirmed by the Masternodes network. This is a great improvement on Bitcoin’s system, where confirmations take mDauch longer because all the work is done by the miners.

So now the question is can Dash compete and eventually take over bitcoin to claim the number one cryptocurrency spot.

Lets look at some of the facts:

  • Dash is based on the bitcoin software, but has significantly improved alot of the flaws bitcoin did not.
  • Dash has more features than bitcoin.
  • Dash is very secure, private and instant in processing payments.
  • Dash is set to become the Digital Currency Paypal should of been.
  • Dash has shown alot of growth with its strong community and followers.

The below screenshot shows the price of Dash this time last year, which was $7 and has increased over the last year to over $100 per Dash in todays market.

Screen Shot 2017-03-28 at 16.26.29

Image Source: worldcoinindex.com

Remember that bitcoin started off at around 1 cent per bitcoin and is worth now well over $1000 for per bitcoin in todays market.

So, if like me you missed the bitcoin boom and would like to jump on board the dash wave right now, which is predicted to significantly increase in price over the next coming years.

Lets talk money and investment, as you can imagine this opportunity does not come around often and alot of people have already invested. There are a few ways in which you can invest, Mining or Buying. I personally have chosen to mine Dash and will explain why with the offer I am about to share with you today while it lasts.

What is Mining I Hear You Ask?

The foundation of Dash is its blockchain, which is a decentralized ledger of all transactions that have ever taken place. This blockchain is secured through a consensus mechanism called “Proof of Work” (PoW). Through a process called “mining,” people use specialized computers to solve extremely difficult math problems. If their solution is correct, they receive the right to add a new block to the blockchain. Once the network verifies that the problem was correctly solved, a new block is added to the blockchain and the miner is rewarded with Dash currency.

Now for those who are not familiar with mining, this does not mean you personally have to solve the problems and don’t even require hardware these days to be involved in mining, as it can be costly not just in equipment, but also maintenance and electricity bills.

Enter Genesis-Mining, the platform which is an easy way to start mining and purchase power, meaning the more power the more Dash you will receive, which works on auto daily payments for the price of Dash you mine that day. Oh! and not having to deal with complex hardware and software setup/maintenance.

Take a look this video which explains how Genesis works and the profit you can currently make today.

Video Source: Ryan Blue

To get started with Genesis simply follow this link: www.genesis-mining.com

To get a 3% DISCOUNT off your order use this code at checkout: zSv1xr

Mining calculator: https://www.cryptocompare.com

The other option is to buy Dash on the open market, we recommend using Yobit.net that is proven to be a great platform.

Trending on Vizaviral