Don't look now, but Dash has become a major contender in the crypto-currency world. It's currently the 3rd most valuable digital asset and the 4th most traded asset by volume behind bitcoin, Bitcoin Cash, and Ether.

It's price per coin has surpassed ZCash ad even Ether by more than $100 USD and currently sitting at $436.05.

Why Dash?

Dash, Monero, and ZCash all offer a greater level of privacy over bitcoin, litecoin, and other digital assets, however Dash has been around for quite sometime and has been slowly building for the past 4 years. 

Nearly four years of age may be surprising to some but Dash was originally released on January 18, 2014 under the brand XCoin and the symbol (XCO). 

On February 28, the name was changed to "Darkcoin." On March 25, 2015, Darkcoin was rebranded as "Dash." It's not like it popped up yesterday or even in the last 24 months like most other altcoins of competitive value.

Secondly, the Dash team recently (November 8th) announced its latest build which includes a size increase to 2MB blocks further proving that asset-token teams can actually put forth a scaling solution.

Improvements* include:
  1. DIP0001 implementation (which is a 2MB block upgrade);
  2. Transaction fee reduction 10x (activates via DIP0001 activation);
  3. InstantSend vulnerability fix (activates via DIP0001 lock in);
  4. PrivateSend improvement which should allow user to have mixed funds available much faster;
  5. Various RPC changes;
  6. Lots of backports from Bitcoin Core and refactoring of our own legacy code which should improve performance and make code more reliable and easier to review;
  7. Experimental HD wallet with BIP39/BIP44 support.

The "Race" Continues

The race, if there is such a silly thing, to catch bitcoin is currently led by Bitcoin Cash, not Dash, not ZCash, and not Ether.

There's continued articles on Ether's race to "catch bitcoin" and this has been repeated numerous times by industry media, mainstream media, and members of the community. First of all, we're all in this together, there's no "bitcoin this" or "ZCash that" or "Ether the other thing" it's the digital currency industry and all coins affect and in many cases benefit from each other. It's sad to see a few look at this as any kind of "battle" because the enemy in this industry certainly isn't other coins,

That said, if they must keep on, for now perhaps they should just set their sights on ... catching Dash.

Article by dinbits
Image Credits:
Banner Image by staff

[alert title="Alert message" icon="info-circle"] *Improvements quoted from the Dash blog "as-is" and without further investigation of accuracy.[/alert]
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