Cryptocurrencies are all the rage right now.
Everywhere, you see thousands of profitable headlines about “money” like bitcoin. But what gives them the advantage? When did you use it?
The fact is that it is useless at the moment, especially because of the amount of time it takes to complete the sale. But there are some currencies out there that look like they want to do as well as number 1 cryptocurrency.
There is more to understand about the complexities of cryptocurrensets, but this article focuses on access to financial opportunities rather than explaining the science behind them.
Bubble in Bitcoin?
One important thing to know is the concept of “mining.” This is the basic foundation of cryptocurrensets. That’s how new bitcoins are made.
In simple terms, “mine,” through a special program, solves mathematical problems and is given new rewards for it. Then, the trade is stored in the blockchain, and the new bitcoins are distributed.
As more bitcoins spread, mining becomes more complex and time consuming, as well as profitable. As a result of about 80% of the potential bitcoins currently circulating, the latter is not set until 2140.
As many people know by now, bitcoin has seen a major rally this year. Instead, it was about 1,200% last year, making many people think it’s a balm.
The total value of bitcoins currently circulating has exceeded $ 150 billion. If bitcoin were a company, it would be among the 50 largest in the United States.
I personally believe that the only reason bitcoin is more important than any other currency is because it is the reason it started to spread. This is still important. At the same time, it provides manufacturers with additional revenue.
The good thing is that even if you think you missed the boat with bitcoin, there are a lot of other things out there. Obviously, some are deceptive, but some have real potential.
One of my beliefs is that it has a reality, called Dash.
Dash: Digital Cash
First of all, Dash is ahead of the game easily. Currently, bitcoin transactions take about 10 minutes to an hour. Dash is proving to be a valuable asset that can be transferred immediately (in less than a minute) between parties, making it very useful to purchase items online or in-store.
One of Dash’s most intriguing features is that 10% of newly created funds are donated to Dash DAO (a stand-alone agency). In short, DAO is the property of Dash. At the current price of over $ 600 in cash, that’s $ 4 million a month that can be spent.
It is important to note that no additional costs are incurred beyond this range. With this money, Dash DAO can make and sell the money.
Also, anyone can offer a career idea to maximize the value of Dash. Next, the work is voted on by thousands of Dash producers. An example would be partnering with stores to make Dash the best way to sell their products.
Obviously, these manufacturers make money from Dash, so anything that benefits and promotes that money will be attractive.
This creates a roundabout, where money is valued at the price because it pays better and is sold, then DAO makes more money, and is able to sell Dash more.
Currently, Dash can be used in over 300 stores and over 100 pages to purchase goods or services. But its success can come from the use of marijuana.
At present, banks are not allowed to deal with marijuana; Everything has to be done with money. Retailers cannot invest in their products in the bank.
Not only does this pose a risk of theft, but these companies pay for storage and transportation costs. This increases the speed.
Being able to use Dash can be overwhelming for these vendors. It could also mean big things on the Dash tree.
The good news is that it is already making progress. In April, Dash joined a digital payment system called Alt Thirty Six, which is affiliated with some of the world’s leading software development companies.
The software companies track hundreds of events and delivery activities. This means that Dash users have more options for spending that money.
Since Dash became the payment method for Alt 31 on October 11, its price has risen 118%. This is only a month and a half.
Just the Beginning
With a market cap of just $ 4.8 billion compared to $ 156 billion in bitcoin, I believe Dash still has a high place to go in the future.
The marijuana industry is just the beginning of Dash, but it’s a pretty good one. In 2016, legal sales were about $ 7 billion. An additional $ 46 billion was sold on the black market.
And with more stores open and cannabis legalized in many places, the figure is expected to be $ 23 billion by 2021 and $ 50 billion by 2026.
Again, this is just the beginning of Dash. Its unique function allows for a more efficient way of earning money, and provides limits on other items such as bitcoin.