Beaxy allows you to trade DASH with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Reduce your risk by storing DASH in our custodied wallets.
To access all of Beaxy’s features:
– Register at Beaxy.com/register
– Complete Verification
– Fund your account – Make a deposit or buy crypto with your credit or debit card
– Start Trading!
Beaxy provides advanced charting tools, a revolutionary swipe trading app, world-class FIX and REST API, and FIAT onboarding and offboarding to make for the best possible trading experience. Trade DASH in the most sophisticated and simple ways on Beaxy.
Converting DASH to other currencies
Did you know that you can convert DASH to FIAT on Beaxy? Check the converter above to see what the rate is. Simply select your national currency to see what the price of DASH is. The best part is you can place an order for DASH directly from the converter once you select your currency!
Dash was created in January 2014 as the result of a fork of the Litecoin codebase and was originally called Xcoin. A month later, the project rebranded to Darkcoin in an effort to promote its privacy and anonymity features. This led to the digital asset being associated with the darknet so the team rebranded once more in March 2015. The asset was now called Dash, a combination of digital and cash and has switched from Litecoin’s codebase to Bitcoin’s. The project was met with criticism early on due to a mining bug that resulted in 2 million DASH.
In its initial two days after being launched, there were roughly 2,000,000 DASH coins mined into creation. This was significantly more than the emission plans called for. This was caused by a bug present in the code that incorrectly adjusted the difficulty of mining. This made it easier for machines to generate new DASH coins. The initial 2,000,000 coin creation was a large portion of the 18,000,000 total DASH that will ever be mined.
Dash is a cryptocurrency designed for private peer-to-peer payments with a focus on transaction speed. The network adopts a decentralized autonomous organization governed by masternodes more commonly known as the Dash DAO, making it a two-tiered network that incentivizes nodes to equitably maintain a state of decentralized governance. Masternode operators are compensated for processing InstantSend and PrivateSend transactions. Participants of the Dash protocol need to lock up at least 1,000 DASH to become a masternode. Dash nodes, much like Bitcoin nodes, work to clear transactions out of the protocol’s mempool. The project distributes the block rewards between miners, masternodes, and the treasury used to fund the organization’s development. The miners validate transactions in a highest-to-lowest fee order. With Dash, privacy is optional using PrivateSend and payments can be instantly settled with InstantSend. Dash is widely adopted and users are able to purchase goods with Dash at thousands of merchants across the globe.
The DASH protocol has a system of incentives and rewards that it extends to masternodes, miners, and those working on the project’s development. For each block that is mined, 45% of the block reward is given to the miner who validated the block and solved the hashing algorithm within the required margin of difficulty. Another 45% of the block reward is distributed to the masternodes that are participating in maintaining the protocol. The remaining 10% of every block reward is held in a reserve. The purpose of the reserve is to ensure the project’s sustainability and have resources in the future to continue the development of the network. On the DASH network, the block reward is reduced by 7.14% after every cycle of 210,240 blocks are mined. Each block on DASH is mined in approximately 2 minutes and 30 seconds. DASH uses the original Nakamoto consensus to validate activities on the blockchain. The only difference being the use of the X!1 algorithm in place of SHA256 hashing.