- By Pierre-Alexandre
April 2nd, 2019
What is Dash?
Dash is a cryptocurrency that has long portrayed itself as a peer-to-peer decentralized electronic cash. The primary objective of this cryptocurrency is to be as liquid as fiat currencies. Dash was built using Bitcoin’s core code. However, it has some extra features like privacy and fast transactions which distinguish it from Bitcoin. Dash is easy to buy or receive online, from friends, or at an ATM near you.
Dash gaining ground in Nigeria
Even though Bitcoin is the leading cryptocurrency, Dash has been gaining ground in Nigeria, the number one economy in Africa and other surrounding countries. This is in part due to the contributions of Dash Nigeria, a non-profit body that is dedicated to educating people about Dash and promoting the use of the cryptocurrency.
The vision of this body is to boost the economic growth of Nigeria via the use of Dash and is achieving this by interacting with youth, the women, rural communities, media and other interested parties that would help boost the adoption of the cryptocurrency.
Dash has become very popular in Nigeria due to some of the features it has. The first one is the fast transaction time, as Dash transactions take just seconds to be completed. This feature makes it the ideal cryptocurrency for retail adoption in the leading African economy. The transaction fees are also low, another feature that makes it suitable for retail merchants in Nigeria, which are already 100 to accept payments with Dash.
Dash’s v0.14.0 now on testnet
The Dash developers have recently released the version 0.14 of the cryptocurrency, and it is now available for testing. The new version is set to come with features such as LLMQs, LLMQ-based ChainLocks, and LLMQ-based InstantSend.
According to the company’s Medium post, the LLMQ is expected to increase the scalability of the network by improving consensus and expanding the universe of potential use cases of the blockchain. Regarding ChainLocks, Dash noted that it would take advantage of the LLMQs to boost the network security by eliminating 51% mining attacks. The LLMQ-based InstantSend, on the other hand, is designed to reduce the messages displayed on the blockchain for InstantSend transactions, which would, in turn, increase the scalability of InstantSend on Dash’s network.
Dash noted that the three updates available on this new version would help scale the cryptocurrency and allow the network to handle more traffic as they prepare for the Evolution upgrade. The developers have provided instructions regarding testing of the new version.
Dash goes up by 42 percent in the last two months
The cryptocurrency reached a market cap of $1 billion earlier today and was trading at $114 per coin. However, it has dropped slightly and now trade at press time around $113.
$DASH - Update : getting rejected at key areas here.— Pierre (@pierre_crypt0) April 1, 2019
Not surprising considering how much it pumped already. Nice move tho. Let's see how it can hold or not above $100.
Keeping an eye on $XMR atm. pic.twitter.com/ZRm56p4Q6V
The latest surge in price came after crypto exchange Cryptobuyer that it as partnered with Venezuelan department store giant Traki to accept digital currencies including Dash.
That quick and that easy is to buy DASH, Bitcoin and Litecoin in our ATMs.— Cryptobuyer (@cryptobuyer) March 31, 2019
Remember our zero fee promotion on DASH ATMs purchases until May 1st 2019 on our ATM network#crypto #atm #panama #panamacity #panama507 #money #DASH #digitalcash #bitcoin #litecoin #family #migrants pic.twitter.com/E8F4YmFka7
According to the partnership agreement, Cryptobuyer would introduce ‘zero-fee Dash buying’ to make it easier for Venezuelans to use the cryptocurrency for remittance services.
Our buzz indicator confirms that there has been a growing level of social interest for Dash in the last 2 months.