The Dash cryptocurrency occupies a special place in the crypto community. Besides the fact that Dash is one of Bitcoin’s most direct heirs (from which it drew its original inspiration, before improving almost all its characteristics), it appeared very early in the history of crypto assets. First imagined in 2012, this digital currency was born in 2014. In eight years of existence, Dash has not stopped being a pioneer in many areas, incorporating multiple improvements within its protocol with nothing but solid ambition. It is stopping at nothing less than becoming a true ‘everyday’ cryptocurrency that is easy to use and has an overall transaction speed second to none.
Before being a currency, Dash was a crypto asset, so it also has the advantage of being ultra-efficient, allowing micro-transactions as well as preserving the anonymity of its users. These unique features and its unique design probably make it one of the strongest investments in the crypto universe. Dash definitely should have a place in any clued up investor’s portfolio.
It is often said that Dash is the ‘Bitcoin of masternodes’ and in today’s article you will discover why this nickname is deserved!
Today is also important because Feel Mining has just added Dash to its list of masternodes! A golden opportunity to invest comfortably, in just a few clicks, and benefit from this project’s dividends, complete with the pleasing platform created by the company from Grenoble!
This article is brought to you in partnership with the company Feel Mining. Crypto investments are risky by nature, so always do your own research and due diligence investing only within your financial means. This article is not investment advice.
And while we are at it, for even faster and increased profitability, Feel Mining is offering a 5% discount on the whole of your order when using the code: TCT.
I am always suspicious when a project presents itself as ‘the new Bitcoin’ (in fact to put it mildly… I consider that using this phrase is downright outrageous, and I only have one reply: “Bitcoin already exists”). On the other hand, if there is one cryptocurrency that deserves this kind of comparison with the king of all digital currencies, it would be Dash.
You might be surprised to learn that among the finer details of this cryptocurrency’s history, whose aim is to take PayPal’s market share, its main goal is to become a true ‘Digital-Cash’… that’s right D-ash. You can thank me later!
For now, however, I will limit myself to setting out some of their arguments, which in my opinion justify Dash’s reputation as the Bitcoin of masternodes.
As we all know, created in 2009, Bitcoin was the first cryptocurrency of them all. On the other hand, when Dash officially saw the light of day in 2014, it was not satisfied with simply offering a new, slightly improved version (i.e. being faster than Litecoin, one of Bitcoin’s first heirs). No, not at all, Dash from the very start offered a multitude of developments which, without denying Bitcoin’s legacy, would revolutionise the sector.
Among these developments was the masternode function, which was to be implemented a little later.
So, as such, (like Bitcoin once was) Dash was the first of its kind.
I’m not going into too much detail on how masternodes work within the crypto monetary ecosystem. If you are a regular reader of the Mining Column, you would not have missed this article on the concept and its profitability from the point of view of the crypto investor.
As you are aware, the number of Bitcoin in circulation cannot exceed 21 million, which means it will be around 2140 when the last BTC is mined (probably to great global applause, as written by Altered Carbon).
For Dash, this total will not exceed 18.9 million (Why, when and how? We will discuss this later). Currently, the number of coins in circulation is approximately 9.3 million.
This limited quantity, in addition to being of primary importance from the point of view of monetary governance (Dash is a deflationary currency, like Bitcoin), is calibrated in order to favour the appreciation in value of the digital currency.
Bitcoin’s decentralisation and distribution is guaranteed through over 10,000 nodes, which are distributed all over the planet. The vast majority of crypto projects, despite their great ambitions, have to be content with just a few hundred nodes, sometimes less, which therefore raises serious doubts about their real capacity for resilience and decentralisation.
Today’s Dash network, on the other hand, has 5,000 masternodes. It’s simply the widest and most distributed network… just behind Bitcoin.
The difference between a revolutionary idea from crypto’s latest entrepreneur and the true ability of a concept to change the world will always lie in the will and the heart of a solid and sustainable development team that is surrounded by a strong and committed community. This principle applies universally, whether you open a bakery, or want to disrupt the crypto world.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>Announcing the Release of <a href=”https://twitter.com/hashtag/Dash?src=hash&ref_src=twsrc%5Etfw”>#Dash</a> Platform v0.11!<br><br>This release includes the ability to register public data contracts, DAPI for web browsers, and installation packages for Evonet and local development.<a href=”https://t.co/rDIaNjMvHa”>https://t.co/rDIaNjMvHa</a> <a href=”https://twitter.com/hashtag/DashPlatform?src=hash&ref_src=twsrc%5Etfw”>#DashPlatform</a> <a href=”https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto</a> <a href=”https://twitter.com/hashtag/cryptocurrency?src=hash&ref_src=twsrc%5Etfw”>#cryptocurrency</a> <a href=”https://t.co/nduOLnh5Uk”>pic.twitter.com/nduOLnh5Uk</a></p>— Dash (@Dashpay) <a href=”https://twitter.com/Dashpay/status/1240033334924849160?ref_src=twsrc%5Etfw”>March 17, 2020</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Just like Bitcoin, whose army of developers, as well as its enthusiastic and dynamic community, guarantees its upgrade and even improvement day after day, Dash can count on the foundations of how it works that made it the first real DAO (Decentralized Autonomous Organization) in 2015.
One of Bitcoin’s strengths is its ability to run on a robust system, which has demonstrated its hardiness and resilience probably at the cost of its flexibility and pure performance.
Even if Bitcoin’s 2009 blockchain with its limited initial capacities (max. four transactions per second and a block size limited to one megabit every ten mins) was very inefficient, its community showed it was capable, over the years, to upgrade the architecture via specific additions. This allowed it, in particular, to forge high-speed micro-transactions (Lightning Network) and anonymisation through mixing services.
However, with Dash there is no need to use such services, as all along it has the following built in:
Now you’ve learnt (and perhaps can confidently talk) about some of the commonalities that Dash and Bitcoin share and why Dash deserves to proudly display its nickname: the Bitcoin of masternodes.
Limited and low in quantity, a rigorous protocol, true decentralisation, as well as being sophisticated with constant improvements… Bitcoin and Dash stand out with their similarities but Dash even outshines its elder brother thanks to the anonymity of its transactions, not to mention the speed at which they can be sent.
However, in the end, the biggest difference between the two currencies can probably be found in their differences in value! While Bitcoin is currently trading around £8,750, Dash is currently only trading at approximately £50 (correct as of October 2020)!
Dash’s Price so far in 2020
During 2017’s bull run DASH’s price surpassed £1,100 and in 2020 its price has largely retracted from its yearly high in February/March, as did the entire crypto market, when it lost more than 30% of its value (Dash saw highs of over £100 at the end of February 2020).
How long will it take for cryptocurrency investors to realise that Dash is most likely undervalued? That being said, it is worth remembering that the future is not written in stone and ‘Digital-Cash’ probably deserves a few minutes of your time by reading this article!
As you may have guessed, one of the barriers to entry when it comes to setting up and running a Dash masternode is probably its high price.
Indeed, a Dash masternode requires a minimum collateral (immobilisation) of 1000 Dash – i.e. at current prices around £50,000 (or around 6 bitcoins)… Thus, even if the project is attractive and its governance pretty enlightened, we can all agree that these conditions drastically limit access to the everyday investor.
While there are more accessible masternodes available that offer the chance to receive lovely dividends with smaller investments starting from around £50 (take advantage, it’s sales season!), Dash is still one of these ‘beautiful projects’ that look great in crypto wealth management!
Fortunately, Feel Mining, which you are starting to know well, has just surprised its customers by offering them the opportunity to invest in Dash masternodes from today. In accordance with its values, this investment is accessible on a ‘shared’ platform.
In other words, there is no need to invest thousands of £££ in order to take advantage of the quality and profitability of Dash. ‘The Bitcoin of masternodes’ is now accessible to the world and as always with Feel Mining this is all available under the safest and best conditions, not to mention easy to navigate user interface.
Now it’s time to discover what is included in this offer.
If you already know a bit about Feel Mining’s offerings, the Dash masternode will work in a similar way and under the same advantageous conditions as the company’s crypto mining plans.
If, on the other hand, this is your first time, here is a small summary of what you need to know:
Dash’s yearly ROI is around 6%. If you find a masternode offering ROIs that are much more attractive (tens, even hundreds of percent) you need to ask yourself: does it have the mark of a solid and lasting project that offers reasonable rewards (interest)? This is paramount as it guarantees the survival of a healthy project requires long term viability. Typically, other projects offering the same level of dividends include the likes of Tezos, for example, another industry staple.
Another way of describing the 6% is to say that if you sign up to 100 DASH today, 12 months later you will have 106 DASH. Obviously, what the value of the currency will be in 12 months time no one can say, but we hope it will be higher!
It is important to remember that an investment decision must be made in an informed manner, and past performance does not predict the future.
This was both a significant investment for the company as well as a demonstration of Feel Mining’s desire to open up its Masternode market further – choosing Dash corresponds to a well-established strategy.
Chloé and Nicolas, Feel Mining’s CEO and Technical Director respectively, explained their choice by announcing:
“Obviously at first glance Dash is to Masternodes what Bitcoin is to proof-of-work! Even if its hybrid network is secured by proof-of-work (mining) too, it is nonetheless a benchmark of what we want to see when combining a solid project secured by masternodes.
There is no doubt that Dash was created with the very principle of a masternode network in mind!
Our customers have been asking us for a long time to set up this extremely costly to deploy masternode (it has cost several tens of thousands of euros to date) and the Dash masternode was the ideal candidate that correlates to an investment strategy of being able to offer investment opportunities to greatest number of people.
We give users a chance to submit a suggestion on which masternode they would like next on the ‘Masternodes’ page at feel-mining.com.
The opinions of our customers are essential for us, they are the ones who allow us to have a look in which direction we should go. Suggestions are always carefully considered at our team meetings and this obviously contributes to the decision of what new masternode tokens we list on our platform.
We have recently therefore decided to add Dash to our range currently offered to our customers and are convinced that it will be well received.
It became a logical choice for us thanks to the history of the project, its seriousness, token stability and the reasonable ROI offered, which contributes to a consistent long-term inflation.
Our desire has always been to offer our investing clients the safest projects possible, and this project naturally meets all of our expectations.”
Now, if the prospect of a Dash masternode wasn’t enough to wet your appetite, you need to not forget to take advantage of 5% off any order (mining machines included!) placed on Feel Mining’s website using the code TCT.
Dash is an iconic cryptocurrency within the crypto ecosystem. As such, even a Bitcoin maximalist would have a soft spot for it and it is sure to be part of any crypto investment portfolio looking for a little diversification. Again, remembering to do your own research and so forth, Dash should be considered undervalued when taking into account its potential and solidity.
Therefore, it’s probably a good time to start a collection of ‘the Bitcoin of masternodes’, as well as taking advantage of its attractive dividend programme!
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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