IC Markets

DASH Cryptocurrency Added by US Digital Bank Uphold

DASHIn November 2017, crypto token DASH value became almost four times and registered an all-time high figure of $824. The developers released a unique network updated in November called “Version 12.2 of Dash Core Software” with the purpose of increasing the transactions of each block to 2MB.

It is interesting to note that Bitcoin developers earlier rejected the size of 2MB and capped the size to 1MB. This announcement has created a wave of excitement in the industry and market capitalisation of DASH reached $6 million approximately.

Yesterday, a San Francisco based digital banking by the name Uphold and Dash Developers had a press conference where it was announced that Uphold will now offer Dash to all its customers and clients. As of now, this digital bank was only offering cryptocurrencies like Bitcoin, Litecoin and Ethereum.

The crypto token DASH was earlier known by the name Dark Coin and X Coin which offered private and swift transactions to people. In addition to this, the Dash network was working on a two-tier platform named miners and network nodes. For the system to work smoothly, the master node and miners are provided with a value of 45% each. The remaining 10% value is held by the network in a joint pool.

The owners of Masternode that controls a minimum of 1,000 Dash vote on latest proposals every month. The plans that are approved receive funding from 10% reserve which is created in a joint pool. At the moment, the system can fund projects up to an amount of $5 million. Shortly, the developers are looking forward to increasing the block size by another 3MB which in turn will improve the transaction confirmation time. At the moment, Bitcoin Cash supports 8MB in capacity.

 

Now that Uphold digital bank is going to offer Dash, people will be able to purchase, sell and send cryptocurrency through a web browser or smartphone. It will help as high as 94% of entire world population to use Dash.

Boxmining

In the press conference, the organisers also announced that a new feature called “InstantSend” would be provided to the Dash Coins shortly. The developers are looking forward to making cryptocurrency suitable for a large number of people that can be readily adopted.

For this very reason, Dash has offered a retail POS system called “Alt36” and has listed itself in reputed exchanges like for instance Bitfinex, Houbi, Kraken, Binance and Bitthumb. People can also buy this cryptocurrency through many online Forex brokers on the internet. In addition to above, Dash developers have funded for the creation of API wallet which is integrated with BlockCypher.

Dash cryptocurrency has partnered with Arizona State University and funded a whopping sum of $50,000 for setting up blockchain research lab in the premises of the university. Apart from that, users will be provided with a debit card that will allow them to spend this cryptocurrency at any retail shop that accepts Visa.

Shortly, the developers of Dash are planning for the launching of an international brokerage firm that would allow free banking transactions with access to 20 new fiat currencies and will integrate many big retailers with the plan of incorporating healthcare as well. Hence, Dash is going to be one of the most sought-after and popular cryptocurrencies next only to Bitcoin in the world.

Steven Rudford

Steven Rudford

Hello, my name is Steven Rudford. Welcome to Top10FX.net. Follow my website for the most trustworthy Forex broker reviews and last minute financial trading news.


IC Markets

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