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what is dashcoin a cryptocurrency with a
major potential dashcoin dash is one of
the most popular cryptocurrencies today
and has rapidly increased in value over
the past year it's only been around
since 2014 but it grew in value by over
5 000 in 2017
but what exactly is dashcoin and why is
it so popular let's look at the features
that helped make dashcoin one of the
fastest growing cryptocurrencies in
recent years before moving on subscribe
to our cryptella channel and stay tuned
for the latest crypto updates
is it worth investing in cryptocurrency
it's no secret that cryptocurrencies
have grown increasingly popular over the
recent years in fact if you had invested
just 100 in bitcoin seven years ago your
investment would be worth over 5 million
today of course as an investor you don't
want to miss out on an opportunity to
make such gains at present time it seems
like there are hundreds of new
cryptocurrencies springing up every day
and quite frankly many of them are not
worth investing in at all however one
cryptocurrency has really stood out from
the crowd recently dashcoin
this digital currency has seen its value
increase by around 1 000 since january
2017 and now has a market cap of over 4
billion
so what makes dash so special what is
dashcoin and should you invest in it
right now let's take a closer look
when we say dash we're actually
referring to two different things the
first of these is xcoin xco which was
renamed darkcoin in 2013 before finally
settling on its current name dash
then there's dash itself dash dash
according to coin market cap
dash is currently trading for
517.89 per token and that's an
impressive project based on litecoin
code with additional features added
later dash aims to become both private
and instant
what's behind the popularity of dashcoin
and why it could skyrocket in 2022 the
virtual currency has been around since
2014 and it seems to be gaining
popularity but why exactly does it
matter you may have heard of bitcoin
that's what everyone's talking about and
not many people know about dash
but there are a lot of reasons why you
should pay attention to it too and by
looking at what's behind its rapid
growth we think it could even double in
value in 2022. here's why so what is
dashcoin it's an open source
cryptocurrency just like bitcoin but
unlike other coins on the market it aims
to be used for payments rather than
being held as an investment it was
originally called darkcoin drk because
of its privacy features which now have
been removed and was renamed to dash in
2015 when it launched its own blockchain
network with more than 4 million users
worldwide already using it every month
dash is one of the most popular
cryptocurrencies out there today its
price has increased significantly over
time from 11 per token back in january
2017 to over 1300 each as of december
2017 the evolution of digital cash
cryptocurrencies have been called one of
the most spectacular economic
experiments in history while bitcoin was
the first cryptocurrency to gain
widespread popularity there are now more
than sixteen hundred on some exchanges
one of these cryptocurrencies that has
been making waves recently is dash with
an increasing number of businesses
accepting it as payment and a growing
community around it dash has become a
favorite for investors the question many
people have is what exactly is dash and
why should they invest in it this guide
will answer those questions and more so
you can make an informed decision about
whether or not you should buy dash what
is dashcoin
unlike traditional currencies such as
dollars bitcoins are issued and managed
without any central authority whatsoever
there is no government company or bank
in charge of bitcoin which means it's
pretty easy to set up a new bitcoin
address for receiving payments without
having to provide your name or other
personal information just like you might
do when setting up an email account
however because all transactions using
bitcoins are publicly visible over
what's known as a blockchain an open
ledger which keeps track of all
transactions anyone can see how much
money you currently hold at any given
time unless you encrypt your wallet with
additional software go ahead and
subscribe to our cryptella channel
how to buy and store dashcoins to begin
buying and storing dash you'll need to
first get a cryptocurrency wallet in
short your crypto wallet is where you
can store all of your coins giving you
access to them wherever you go
to start you'll need to find yourself an
exchange which offers wallets for
storing multiple cryptocurrencies once
there it's time to create an account
which usually involves entering some
basic personal information as well as
verifying your phone number and email
address next be asked to verify your
identity by uploading a photo of
government issued id or passport this
process varies from one exchange to
another but typically takes less than 24
hours once verified you can fund your
account with fiat currency usd or eur or
trade other cryptocurrencies into dash
using bitcoin or ethereum from here head
over to your newly created wallet page
and click receive funds under dash
wallets in order to generate a new
address that will allow you to receive
funds from other users on the network
you should also take note of your public
key your receiving address so that
others know how to send funds back once
they purchase from you
how to trade in dashcoins
in order to trade in dashcoins you will
need to purchase them first to buy them
you can use your credit card or bank
account via exchanges like poloniex
which only accepts cryptocurrencies as
payment for their services once
purchased you will have to store them in
an appropriate dash wallet and keep them
safe from cyber attacks also trade dash
coins can be done through other
cryptocurrencies like bitcoin or
ethereum using changely and shape-shift
exchanges you can also exchange
dashcoins for cash by trading them on
websites like bitfinex the entire
process of buying storing and selling
these digital currencies can be quite
complicated so make sure that you are
aware of all aspects before starting
final words blockchain technology and
cryptocurrency may seem obscure to many
but they're about to change how we buy
sell and pay for things forever
some estimate that blockchain technology
could be worth as much as 3 trillion by
2030.
if you have been looking for an
investment that has immense growth
potential in a relatively short amount
of time then you should seriously
consider investing in blockchain
technology
what do you think let us know what you
liked hated or think we can improve on
please leave a comment below and share
with your friends if it's worth it as
always thanks for reading like this
video and stay tuned to cryptella
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