Looking for a Cryptocurrency with Some Stability?
Cryptos are not stocks. They rise like rockets and fall like stones dropped from the Burj Khalifa. But that doesn’t stop the quest for “blue chip” cryptos, or at least a coin that’s more modest in its gains and less tumultuous with its swings.
Dash, the Digital Cash network, has been steadily rising in value, without the drama of its rivals Bitcoin or Bitcoin Cash. Trading with comparatively minimal fluctuation, Dash topped $1,500, up 6,300% in 2017, before trickling back down below $1,100.
Investors are looking for a viable cryptocurrency for every day use, and Dash promises to deliver. The dev team is working on its highly anticipated payment network ecosystem Evolution Mainnet v1 which is scheduled for release in June 2018.
Currently Dash delivers instant, private online or in-store payments using a secure open-source platform where transactions are confirmed by 200 TerraHash of X11 ASIC computing power and more than 4,500 servers hosted globally.
Dash’s technical successes are bolstered by strong incentives for miners and holders. According to their website, “Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users. Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy and governance, while eliminating the threat of low-cost network attacks.”
Masternodes are computers that enable a variety of Dash functions in addition to locking transactions. They also function as a market stabilizer by discouraging holders from selling their stake. You need 1,000 Dash as collateral to hold a masternode. Masternodes earn roughly two Dash per week, approximately $2,000.
A less mature cryptocurrency that shares similar features, including masternodes and rewards, is SmartCash. A fork of ZCoin with Dash features, SmartCash launched in July 2017.
On Google Trends, Dash shows the least fluctuation when compared to IOTA, Ripple and Litecoin. Ripple, however, remains the King of Transaction Speed.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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