DASH Price Analysis – Following the wider market

DASH (DASH) is a cryptocurrency with optional privacy features and a decentralized autonomous organization (DAO) for governance. The DASH coin price is down 95% from the all-time high established in December 2017. The market cap is 22nd on the BraveNewCoin market cap table and currently stands at US$891 million, with US$128 million in trade volume over the past 24 hours.

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The DASH chain is a Bitcoin fork created by Evan Duffield in January 2014. The project was originally known as XCoin, was subsequently rebranded to DarkCoin, and ultimately named DASH, and described as Digital Cash, in 2015. Ryan Taylor is the current DASH Core CEO, with Duffield acting as a strategic advisor.

The project uses a two-tiered PoW (PoW) and Proof of Stake (PoS) consensus model. PoW mining verifies the ledger using a two and a half minute block time. PoS occurs through Masternodes and serves higher functioning tasks, including governance and unique sending features. The block rewards are currently split between three entities; 45% goes to PoW miners, 45% to the master nodes, and 10% to the DASH treasury.

Around ~18,000,000 tokens will be mined in total, with block rewards decreasing by 7% per year until no rewards exist. Inflation is currently 6.02% per year ……………..

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Author: BraveNewCoin
Original link: https://bravenewcoin.com/insights/dash-price-analysis-following-the-wider-market