source

Users' privacy is very important and cryptocurrency was introduced to protect this privacy, anonymity when sending digital currency Is an incredible feature that makes blockchain technology very unique. The privacy coin I will be covering for this post will be the #dash coin.

Dash coin

Dash coin initially know as dark coin providing users with anonymity in making transaction was launch in 2014 which is an open-source blockchain digital currency that focuses on providing it users fast, cheap global payment system Dash coin process transactions per second as an improved version of bitcoin and a hard fork of lite coin LTC.

Being a lite coin hard fork coin dash coin aims to protect users privacy by integrating a two-tier network that includes a master node and decentralized governance, instant send, chain lock, using these advanced master nodes makes dash blockchain immutable and allows users to private send transaction to other users across the globe.

Dash coin uses proof of work consensus PoW to secure its blockchain it allows miners to solve complex puzzles using ASIC devices and get rewarded it also integrates an advanced master node which is used to make sure additional unauthorized transactions are not added to the block.

Dash market analysis

Dash coin is ranked #53 according to coinmarketcap it's has a daily trading volume of over $523 million with a market dominance of %12 at the time of writing dash current tag price is $188, its maximum total supply is 18.9 million with 10.9 million dashes in circulation daily. Dash has made an all-time high price of over $200 which shows the team is working tirelessly to stay competitive in the crypto space.

Dash coin offers wide acceptance to business users all over the world to use dash coins as means of accepting and making payments. Dash coin is very popular in the crypto market and can be found on major exchange platforms which include Binance, Kucoin, Huobi global, and more it is paired with multiple coins which makes it flexible for trading.

Advantages and disadvantages

One important feature of dash coin is its security protocol it provides a wide range of security service for it users whereby a user can choose to send payment anonymously it also allows fast and cheap payment system.
accepted by multiple merchant users for online stores and business transactions it is listed in multiple exchanges for trading.

Advantages of dash coin

1. Focuses on anonymity; since one of the basic aims of the dash, the team is to secure users' privacy by providing anonymity on their transactions.

2. Energy cost-effective; dash mining requires less amount of energy to mine its coin since it's an advanced coin it was designed to use less energy to minimize the cost of electricity use.

3. All members contribute to the network security; with so amount of dash held users can participate in providing a secure blockchain to keep the network against external attack.

4. Cheap/fast transaction; being an LTC coin hard fork makes the dash coin have a fast and cheap transaction fee.

Disadvantages

1. illegal use; since it can provide complete anonymity on transactions hackers can take advantage of the blockchain for perpetrating illegal transactions.

2. tracking; it also makes it hard for an official agent to keep track of the record of transaction activities on the blockchain.

Conclusion

I see the dash coin as an essential tool for both investors and traders to conduct an anonymous transaction cheap, fast and secure it also allows trading activities to be listed on various major exchange dash coins is a good investment coin with good market potential with a competitive price in the market.

It allows users to privately send transactions to each other it allows instant send at fast a cheap rate.

Posted and edited by me here Reference Information source/screenshots
the coin shark Coin market cap dash website