Dash Cryptocurrency Trading

Dash Cryptocurrency Trading | CFD Trading and Spread Betting

Dash Cryptocurrency (DASH) Trading
Online BrokerMinimum DepositDASH CFDsDASH Spread Betting

Dash - Fast Peer-to-Peer payments ?

Dash is available to trade as CFDs at some brokers. CFDs allow the trader to speculate on the price movement of the cryptocurrency, without having to own it. No wallet is required and the trader can go long or short.

What is Dash ?

Dash (Digital Cash) is a blockchain based peer-to-peer payment system, which has a digital cryptocurrency with the symbol DASH (to make payments). It operates on the blockchain, which is a cryptographically secured distributed electronic ledger, consisting of blocks of transaction data, securely chained together (hence the name cryptocurrency). Blockchain based payments systems have encountered issues consequent on the way payments are processed (and are tackling these).

What are issues the blockchain has encountered in payment processing ?

A centralised payment system can be very efficient and designed to scale. The blockchain however is not a centralised payment processing system. It relies on people plus machines to process payments on the network into blocks (via its distributed payment processing model) and provides rewards for those who successfully do this. However issues can occur with the time taken to process and verify blocks. One solution to this is try and make this payment processing more efficient. This can occur as a consequence of competition, that is people use more powerful machines to win the competition to process a block of data.

Dash's solution is to use what is termed masternodes, which use specialised computers. Miners secure the blockchain while masternodes perform a number of functions, including managing rapid transactions. So the purely distributed blockchain model is in operation, with a layer of specialisation on top of this. Dash says that this can increase the security of the blockchain, as well as increase the rate at which transactions are processed.

Is Dash the same as Dashcoin ?

Dash and Dashcoin are separate networks and cryptocurrencies.