In recent weeks, the cryptocurrency market has seen spectacular gains.
In the first place of course, with Bitcoin, but not only. Bitcoin has brought in its wake many other Altcoins.
Among them DASH. Indeed from November 12, the virtual currency has increased by $ 310 and today reaches about $ 720.
Is this rise due only to the speculative craze of recent weeks?
Or is there a real DASH phenomenon?
And what would be the cause of this phenomenon?
Interesting partnerships for Dash
Yesterday Uphold, in a joint statement with cryptocurrency, announced that users will now be able to buy, sell and send the currency via the platform.
It should be noted that with the DASH InstandSend feature, users will be able to transact in seconds. Until now it took a few minutes, see a few hours.
In this release DASH CEO Ryan Taylor explained:
“Uphold adds to the Dash ecosystem the fastest and easiest way to get Dash. Dash has already integrated some of the largest digital currency exchanges in the world, but trading is generally daunting for non-trading users. Uphold makes transactions much simpler than an exchange, and it supports users in most geographical areas.”
As for the Uphold platform’s development manager, Colin Luce, he added:
“We were eager to add Dash primarily because of the increased adoption and use cases in the real world. The organizational structure of Dash, with masternodes, proposals and the Core Group, is a recipe for long-term success, especially at a time when the vast majority of blockchains and currencies are still predominantly speculative.”
DASH, real cryptocurrency
DASH is a currency that serves in the real world and is not only speculative.
For example: through Alt36, DASH allows payments for legal cannabis. The banking system can not offer its services for regulatory reasons.
And the legal cannabis industry is obviously a very lucrative industry, the sums involved are huge.
DASH in this case serves to regulate the handling, guarding or transport of cannabis.
And transactions are now made immediately.
DASH and its partners
On Kraken, DASH even paid $ 50,000 to fund a thorough security review.
In addition, DASH has also established a partnership with BlocSypher.
This partnership is used to develop an API that allows providers to add DASH payment capabilities.
This partnership may also help fund startups in the Blockchain technology industry.
DASH and universities
The university world has also been funded through the DASH system.
Specifically, Arizona State University was able to receive $ 50,000 to develop Blockchain research.
the University will even later offer courses taught by DASH Core executives.
DASH's future plans
Some cryptocurrency credit cards already allow users to pay through the crypto currencies of merchants accepting Visa.
The CEO of DASH, has also announced several future projects.
Among them, a manufacture of ATMs, or a free global brokerage service.
To succeed all these missions DASH will use blocks of greater capacity.
So today Dash can handle twice as many transactions per second as before.
As for the size of the blocks, it should quickly reach 5 MB, then gradually increase to 45 MB and can be more.
This will manage up to 50 million users.
This development is possible thanks to the rewards given to Masternode which is around $ 65,000 a year.
DASH’s budget system is such that it can also fund $ 5 million worth of projects per month.
Can Dash compete with Bitcoin?
It must be recognized that the market capitalization of DASH does not reach the sums of giants such as Bitcoin or Ethereum.
But Max Keizer answers this:
“Dash appears as the means of payment crypto while Bitcoin asserts itself as Gold 2.0. I suggest to those who are frustrated with the debate about scaling Bitcoin to adopt Dash for payments and let Bitcoin Core alone to continue working on Gold 2.0.”
As for Taylor, he says:
“Dash aims to become the first digital currency capable of adopting the mass market. We believe that our incentive infrastructure model provides a viable path to provide the capacity required to operate on a large scale.”
Case to follow …