Dash Surges Past $1,000 Barrier to New High of $1,250
Dash Surges Past $1,000 Barrier to New High of $1,250
This past weekend, Dash became the first digital currency without the word “Bitcoin” in its name to breach the $1,000 barrier. Dash began the year at $11.26, while its price at press time has now reached $1206, a 107-fold increase in just less than a year. In fact, even Ethereum’s tremendous surge is less than Dash’s gains, with Ethereum having seen 99-fold growth in 2017.
This past weekend, Dash became the first digital currency without the word “Bitcoin” in its name to breach the $1,000 barrier. Dash began the year at $11.26, while its price at press time has now reached $1206, a 107-fold increase in just less than a year. In fact, even Ethereum’s tremendous surge is less than Dash’s gains, with Ethereum having seen 99-fold growth in 2017.
Governance has become a hot topic in the digital currency world following Bitcoin’s notorious blocksize debate. Dash allows owners of 1,000 DASH to create a special node called a master node, and owners of master nodes receive a vote on the future direction of the currency. Master node owners also get to vote on the allocation of Dash’s monthly budget.
Ten percent of each block reward is reserved to fund projects that are approved by the master node network. Such projects can take many forms, so long as they advance the Dash ecosystem in some way. Dash can, therefore, afford to hire a large team of developers while simultaneously undertaking projects like Alt36’s point-of-sale integration.
At current values, Dash has a monthly budget of $8 mln (implying an annual budget of almost $100 mln). While Ethereum and several ICO projects have large warchests, no other cryptocurrency project has such a large recurring budget.
Despite calls from the community to use budget funds for something splashy like a Superbowl ad, the Core development team has been reluctant to over-promote the project. The team is currently working on the next iteration of Dash, called Dash Evolution. This new software is intended to make digital currency so easy that “your grandmother could use it.” Dash’s developers are aiming for a PayPal-like experience, something that’s simple and intuitive.
Dash’s current roadmap calls for an early version of Evolution to be launched in the summer of 2018.
Dash Surges Past $1,000 Barrier to New High of $1,250
Reviewed by mir khaleq ali
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04:14
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Reviewed by mir khaleq ali
on
04:14
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