Kryptavalyuty is now rage.
Everywhere you see the headlines with an impressive thousand-year profit for these "coins" as bitcoin. But what gives them value? If you've ever used bitcoin?
The truth is that now it is not practical in the first place because of the amount of time required to complete the transaction. But there are other coins that are viable candidates to overcome Bitcoin as cryptocurrency number 1.
There is a lot that can be understood about the intricacies cryptocurrency, but this article – more about searching for investment opportunities than on interpretation of the science that is behind them.
It is important to know one thing – the concept of "mining". This is the basis cryptocurrency. That's how new bitcoins made.
In simple terms, "Miner" with the help of special software solves complex math problem and eventually rewarded with new bitcoins. Then the transaction is stored in blockchain, and those new bitcoins are officially in circulation.
As more bitkoynav in circulation, their production becomes more complex and time-consuming and less profitable. Despite the fact that about 80% of the possible bitkoynav are now in circulation, the latter will not be produced until 2140.
As most people know so far, this year saw a huge bitcoin share. In fact, it's about 1200% over the last year, what makes people think that it is in the bladder.
Total cost bitkoynav turnover now exceeds $ 150 billion. If bitcoin was now, he would have been in the top 50 largest in the United States.
I personally believe that the only reason that bitcoin is so valuable than any other cryptocurrency, lies in the fact that it was the first that made it into the mainstream. It is still important, though. That, at least, it gives another developer coins to improve something.
The good thing is that even if you think you've missed the boat with Bitcoin, there are many other cryptocurrency. Of course, some fraudsters, but others have real potential.
One of those who, in my opinion, is the present, practical use, called the Dash.
Feature: Digital money
Firstly, Dash ahead of the game in terms of convenience. Now average bitcoin transaction takes from 10 minutes to an hour. Dash is set as the main cryptocurrency, which can be instantly transferred (less than one second) between the participants, which makes it much more practical when it comes to buying things online or in store.
One of the most attractive features of the Dash with & # 39 is that 10% of newly mined coins given DAO Dash (decentralized autonomous organization). Simply put, DAO – a storehouse of Dash. With the current price exceeding $ 600 per coin is $ 4 million per month, which she can use.
It is important to know that no other coin is not that kind of continued funding. With this money Dash DAO can develop and sell currency.
In addition, anyone can give an idea for a project to increase the value of Dash. Then vote for the draft Dash thousands of developers. An example is the partnership with the stores to make Dash viable means of transaction for their products.
Of course, these developers make money by Dash, so anything that is beneficial and promotes the exchange, will become attractive.
This creates a circular effect, when the currency going up in price, because it is better funded and sold, while DAO makes more money, and it can Dash market even more.
Breakthrough on dash
So far, the Dash can be used in more than 300 stores and 100 sites for the purchase of goods and services. But the breakthrough to it may come from the field of marijuana.
Now banks are not allowed to do with the operations of marijuana; everything must be done in cash. Sellers can not even put the money in a bank sale.
It not only brings the risk of robbery, but these companies have to pay for storage and transport of cash. It quickly develops.
The ability to use Dash would be huge for these sellers. It also means different things Dash price.
The good news from the & # 39 is that it has already started to progress. In April, the Dash has collaborated with a digital payment system called Alt Thirty Six, which has partnered with some of the leading software dispensary business management programs in the country.
These software companies monitor transactions in hundreds of dispensaries and delivery services. This means that users Dash already have hundreds of ways to use the currency.
Since October 11 Dash officially became a form of payment on Alt Thirty Six, its price has increased by 118%. It is only a month and a half.
only the beginning
With a market of only 4.8 billion dollars compared to 156 billion dollars, I believe that the Dash has still much room for progress.
Industry marijuana – it's the beginning for Dash, but it's great. In 2016 legal sales of about $ 7 billion. Yet it is estimated that $ 46 billion was sold on the black market.
As soon as more shops opened, and marijuana becomes legal in several states, it is expected that by 2021 the number of legal reach $ 23 billion by 2026 and $ 50 billion.
Again, this is just the beginning for the Dash. Its unique feature is the direct transaction making it a viable alternative to cash, which gives it an advantage over other cryptocurrency such as bitcoin.