Dash CEO: cryptocurrency is vital in Venezuela

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Dash is a payment coin and one of the oldest projects in the crypto space. Over the years it’s been making inroads into South America and Africa acting as a safe haven for those escaping rapid inflation. But how does it work, and what are the prospects for the DASH coin going forward?

DASH Chapters
00:00 intro
00:28 Dash Team
01:09 Dash Masternode
01:40 Dash Privacy
02:52 DASH Community

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Dash Cryptocurrency 2021: Dash coin explained with Layah Heilpern

1. Dash Could Cater to 1 Million Users in Venezuela by Year’s End
https://www.cryptoknowmics.com/news/dash-could-cater-to-1-million-users-in-venezuela-by-years-end
Mark Mason, a PR representative at Dash, said that the number of active users in Venezuela has sky-rocketed by 562% since May. Incidentally, this number doesn’t include the users who have not used the wallet even once in the last 30 days, which means that chances are quite high that Dash will cross the 1 million mark before the year ends.

2. Indian Crypto App Developer Awarded By PM Amid Supreme Court Battle
https://www.cryptoknowmics.com/news/indian-crypto-app-developer-awarded-by-pm-amid-supreme-court-battle

Harshita Arora, the creator of Crypto Price Tracker, a cryptocurrency price tracking app that saves users from scammers, has been chosen by Indian Prime Minister as the recipient of Bal Shakti Puraskar 2020 award. In his tweet, the Indian prime minister, Narendra Modi expressed his pleasure at the young girl winning the award.

3. Former Trump Advisor Asks US To Counter China’s CBDC Project
https://www.cryptoknowmics.com/news/former-trump-advisor-asks-us-to-counter-chinas-cbdc-project

Tim Morrison, a former advisor to President Donald Trump, wrote an op-ed in Foreign Policy stating that the US dollar needs a digital makeover to maintain its status as the world’s reserve currency. Morrison further mentioned that if the US dollar did not get digitized then it would not be able to prevent Chinese cryptocurrency from moving ahead.

4. UK-based Startup Currencycloud Raises $80M in Funding Round
https://www.cryptoknowmics.com/news/uk-based-startup-currencycloud-raises-80m-in-funding-round

UK-based fintech firm Currencycloud has raised $80 million in funding round spearheaded by key investors such as Visa Inc., SBI Group, the International Finance Corp., Siam Commercial Bank, and BNP Paribas SA. Currencycloud CEO Mike Laven stated that the company collaborated with Visa to enable its clients to access products.

5. Nexxo Blockchain-powered QPAY POS Now Support VISA Contactless Payments
https://www.cryptoknowmics.com/news/nexxo-blockchain-powered-qpay-pos-now-support-visa-contactless-payments

QPAY, a NEXXO Blockchain-powered payment platform based on smart POS now supports VISA wireless payments. The new innovative solution is launched in Qatar and is rolled out to many small enterprises and consumers.

6. China Should Pay Attention to Facebook’s Libra Project – Zhu Min
https://www.cryptoknowmics.com/news/china-should-pay-attention-to-facebooks-libra-project-zhu-min

Zhu Min, a former deputy governor at the People’s Bank of China, has asked his country to keep a close eye on Facebook’s Libra. He added that China is still far from launching its sovereign digital currency, and the current digital currency is all a pretty natural process.

7. BAT Ready For Securities & Exchange Commission’s (SEC) Howey Test
https://www.cryptoknowmics.com/news/bat-ready-for-securities-exchange-commisions-sec-howey-test

Brendan Eich, CEO of Brave, recently said that they are not fazed by SEC’s Howey Test and don’t feel intimidated by it as they made sure to follow all the rules, at the time of sale. He went on to add that there has not been a case where they came across any sort of trouble, and they have been compliant.

8. Singapore Declares New AML Rules For Cryptocurrency Businesses
https://www.cryptoknowmics.com/news/singapore-declares-new-aml-rules-for-cryptocurrency-businesses

The Payment Services Act 2019 of Singapore has announced Digital Payment Token services which will cover all cryptocurrency exchanges and businesses in Singapore under prevailing counter-terrorist-financing and anti-money laundering rules. It would require cryptocurrency businesses in Singapore to first register and then apply for a license to operate.

Only Headlines

Venezuela Sees Bitcoin Trading Volumes Soar High
https://www.cryptoknowmics.com/news/venezuela-sees-bitcoin-trading-volumes-soar-high

Tron Founder Accused On The Grounds Of Workplace Resentment
https://www.cryptoknowmics.com/news/tron-founder-accused-on-the-grounds-of-workplace-resentment

Binance Trading Fee Revenue Lagging Behind Huobi And OKEx
https://www.cryptoknowmics.com/news/binance-trading-fee-revenue-lagging-behind-huobi-and-okex

Court Documents Unveil Several Possible Investors In ICO From Telegram
https://www.cryptoknowmics.com/news/court-documents-unveil-several-possible-investors-in-ico-from-telegram

Top Crypto Gainers of the Day

Streamit Coin 699.92%
CryCash 505.07%
adToken 237.78%
Civic 91.17%
Baer Chain 83.56%

Top Crypto Losers of the Day

BitBall -96.60%
Evedo -91.56%
Eureka Coin -56.80%
Silverway -29.07%
Knekted -27.43%

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– TIMESTAMPS –
0:00 Intro
2:28 What is Dash?
6:01 Dash and Regulations
10:43 Dash vs. Competition
14:24 Dash Platform
16:06 The Future of Dash
17:25 Final Thoughts

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⛓️ �� Useful Links �� ⛓️
► The Dash Platform Explained https://www.youtube.com/watch?v=9WqUMrIN58Q &list=PLiFMZOlhgsYKoWoCA-KdkTPFITWxhjDxW
► Dash Regulatory Information: https://www.dash.org/regulatory/
► Dash Roadmap: https://www.dash.org/roadmap/
► 1000x Group study about crypto on the darknet: https://news.bitcoin.com/bitcoin-cash-10-darknet-sales/
► In depth analysis of DOJ Cryptocurrency Framework: https://youtu.be/r-ksQLS6uQM

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❓What is Dash ❓

Dash seeks to be what Bitcoin was supposed to be – a peer-to-peer electronic cash system. However, there are a few differences.
First, Dash is much faster than Bitcoin. It can process around 56 transactions per second versus Bitcoin’s 7. In practice, it takes less than 2 seconds for a Dash transaction to complete. This is magnitudes faster than Bitcoin’s 10-minute transaction time.

Second, Dash is much cheaper to send than Bitcoin. Transaction fees on the Dash blockchain are less than a cent, whereas Bitcoin transactions cost a few dollars a pop on a good day. Third, Dash gives users the opportunity to easily send a private transaction using PrivateSend, which is their own in-house version of CoinJoin, a privacy protocol originally developed for Bitcoin.

��‍♂‍ Dash and Regulations ��‍♂‍

Dash has been in the crosshairs of regulators ever since its release and this may be a part of why the project has struggled to regain its former glory. It all began with Dash’s original name Darkcoin, which made many exchanges reluctant to list

Even after Dash renamed and rebranded itself as a professional payments network, it was targeted by the SEC which alleged that Dash should be classified as a security. This was resolved after the CEO of Dash Core Group went in person to Washington D.C. to meet with regulators.

More recently, Dash was named in a document created by the Department of Justice which is meant to serve as a guide to lawmakers in the United States when they make decisions about cryptocurrency. It noted Dash as a privacy coin despite the fact that Dash is technically not a privacy coin. It just offers a branded version of Bitcoin’s CoinJoin, both of which are optional to use.

��️‍♀‍Dash vs. Competition��️‍♀‍

The cryptocurrency space has grown significantly since Dash was created in 2014. This has led to intense competition in the decentralized payments space and Dash arguably lacks the throughput required to sustain the large-scale network of users it hopes to someday have.

Furthermore, Dash has been shying away from its privacy angle even though it is the feature which made the project stand out. There is also less competition in the privacy coin space

�� Dash Platform ��

The Dash Platform was first proposed in 2015 by Dash’s original creator Evan Duffield under the name Evolution. A whitepaper for Evolution was published by the Dash Core Group in 2017 and the testnet for the renamed Dash Platform finally launched in December 2019.

The Dash Platform consists of four key elements. The first is DAPI, short for decentralized API, which will be the world’s first decentralized HTTP API. The second is the Dash Drive, which is a decentralized cloud storage system

The third is the Dash Platform Name Service or DPNS, which turns Dash wallet addresses into human-readable usernames to make transactions easier. The fourth is the Dash Platform Protocol.

⏳The Future of Dash ⌛

The Dash roadmap notes a series of milestones the Dash Core team is hoping to accomplish before the end of 2020. These include giving incentives to masternodes to host and service the Dash Platform, making it possible for lite clients such as mobile devices to connect to the Dash Platform, and introducing Dash Pay.

Dash has also been very aggressive with marketing in Latin America, where adoption seems to be growing. Going forward, the future of the project will be determined by community vote as has been the case for over half a decade.

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�� Disclaimer ��

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Dash #crypto #bitcoin #adoption #venezuela

#bitcoin #crypto #cryptocurrencies #bitcoin #crypto #cryptocurrencies
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