Dash (DASH) Price Today: DASH Live Price, Charts, News - Crypto.com Singapore

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Dash price history

Time	Price	Change
Today	£37.58	0.00%
1 day	£37.98	-£0.40 (1.31%)
1 week	£40.27	-£2.69 (6.86%)
1 month	£41.84	-£4.26 (10.34%)
1 year	£34.42	+£3.16 (10.54%)

About Dash

Dash Price Summaries

Dash's price today is £37.58, with a 24-hour trading volume of £45.17M. DASH is -1.34% in the last 24 hours. It is currently -8.95% from its 7-day all-time high of £41.27, and 4.01% from its 7-day all-time low of £36.13.DASH has a circulating supply of 12.86M DASH and a max supply of 18.9M DASH.

What is Dash?

Dash (DASH) is an open-source, peer-to-peer cryptocurrency that focuses on fast and private transactions. Initially forked from Bitcoin, Dash has built upon its foundation with a unique two-tier network architecture. This network consists of regular miners and a second tier of privileged machines called **Masternodes**. Dash's decentralized governance and budgeting system have led it to be considered a decentralized autonomous organization (DAO).

A Brief History of Dash

Dash was launched on January 18, 2014, by software developer Evan Duffield. It was originally named XCoin, then rebranded to Darkcoin, and finally to Dash in March 2015, a name that is a portmanteau of "digital cash." Duffield's goal was to create a more user-friendly alternative to Bitcoin with faster transaction speeds, making it more practical for everyday purchases like buying a cup of coffee.

Upon its launch, Dash faced a significant issue: a flaw in its difficulty adjustment algorithm, inherited from its fork of Litecoin, caused approximately 2 million DASH coins to be mined within the first 48 hours. This unexpected burst of coins has led to historical debate about whether it was an accident or a deliberate choice. As of May 2022, Dash has a maximum supply of 19 million tokens, with about 10.7 million in circulation. The network's block time is 2.5 minutes.

How Dash Works

Dash's efficiency comes from its two-tier network structure. The first tier is a **Proof of Work (PoW)** system where miners solve complex mathematical problems to add new blocks of transactions to the blockchain.

The second tier is a network of **Masternodes**, which are powerful servers secured by a collateral of 1,000 DASH. They are responsible for a number of Dash's advanced features:

* **InstantSend:** A service that allows for near-instant confirmation of transactions, which is crucial for point-of-sale purchases.

* **PrivateSend:** An optional feature that mixes transactions to protect the privacy of users.

* **ChainLocks:** A security feature that defends the network against 51% mining attacks.

Masternodes are also at the heart of Dash's governance system. They vote on proposals for the network's development and decide on how to allocate 10% of the block rewards to fund new projects in a competitive, decentralized manner.

What is Dash Used For?

Dash is primarily intended to be a medium for daily transactions. The project has actively sought to expand its use, particularly in countries with economic instability. For example, in 2018, Dash expanded into Venezuela, a country where cryptocurrencies have seen significant adoption due to economic and political factors. As of May 2022, DASH could be spent at over 25 retail points, including Travala and BitPlaza, and was supported by more than 19 payment processing solutions.