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Cointelegraph Report Analyzes Why Crypto Funds Are Investing In Dash

Cointelegraph Research proudly presents the first investment thesis report for the cryptocurrency Dash.

To gain a deeper understanding of how investors feel about Dash, an original survey of over 2,000 crypto funds was conducted by the Cointelegraph Research team.

This 80+ page report published by Cointelegraph Research in collaboration with multiple research partners including Allnodes, Staking Rewards, CryptoRefills, CoinRoutes, intotheblock, Bitwise, Santiment, and Rekt Capital, showcases which funds currently hold Dash, why they hold Dash, and the number of funds that plan to invest in Dash during the next year.

Out of the 2000 funds surveyed by Cointelegraph Research regarding their investment allocation to Dash, 200 responded. Out of the respondents, 19 funds hold Dash, and over 40 funds plan to invest in Dash in the next 12 months. 70% of respondents requested to receive the final results of this investment thesis report.

“Dash is a well-known, respected name in the payments space in many areas of the world, and has an engaged, loyal following. One of our goals at Valkyrie is to enable those underserved by traditional financial firms to have access to financial services, and expanding investment into the Dash ecosystem is part of that mission.”
Leah Wald, CEO at Valkyrie Investments

Dash has set itself apart from Bitcoin and other blockchains by becoming one of the most prominent digital currencies that focuses on payments, i.e., becoming digital cash.

True to its promise of providing instant transactions and micro-fees, Dash is now accepted by merchants across the world that embrace Dash’s speed and low transaction fees.

But is Dash only digital cash, or are there use cases beyond payments?

Q4 of 2022 will mark an important milestone in Dash’s evolution. With the mainnet launch of Dash Platform, developers and users will be able to embrace the benefits of decentralized applications.

“As far as I know, there’s no other project that comes close to what we’re trying to build which is the ability to efficiently query information directly from the system database to users. We’ve seen a lot of DApps that store information on other blockchains, but they all require the use of oracles for their system to work. Dash Platform is going to be much more decentralized. Users on their mobile devices will be querying DAPI directly. There’s no oracle between them, users can query the blockchain directly with decentralized cryptographic proofs that the information is valid. You don’t have to trust any server. In my opinion, it will be a new paradigm of how decentralized systems can work.”
Sam Westrich, CTO at Dash Core Group

The launch of Dash Platform will provide a new ecosystem that features decentralized applications and data storage. Bearing in mind these significant changes, Dash has the potential to evolve from digital cash to a fully decentralized ecosystem adding to the value of Dash as a cryptocurrency and blockchain project. Besides a more in-depth financial and technical analysis of Dash, an overview of important regulatory developments for cryptocurrencies and Dash, in particular, is included.

The report explores how the Dash protocol’s unique design provides security benefits for its users and provides a deep analysis of the tokenomics and value proposition. The research highlights how investors can engage with Dash’s success story and what future possibilities for users and developers will arise from innovations that Dash will launch in the near future.

Read Report: Why are Crypto Funds Investing in Dash?

How to Live ENTIRELY on Crypto with Dash Digital Cash – Naomi Brockwell

Now that you’ve gotten into crypto, what do you DO with your crypto? Many people are building their savings in cryptocurrencies that can’t be debased, in preparation for potential future economic upheaval. But there are some who argue that this day of upheaval is already here:

– We have a financial system where you have to ask permission to use your own money, and payments can be blocked.

– Where every time you swipe your card your purchases are tracked and monitored.

– Where any savings that you do leave in fiat in your bank account are losing value fast.

So for this reason, more and more people are choosing not to have any money in fiat at all. They convert all their savings to crypto, and then live entirely off that crypto. As part of Naomi Brockwell’s beginner’s guide to using crypto every day, Naomi spent a day with Joël Valenzuela to find out how he lives 100% on crypto:

How does he buy groceries? Pay rent? Buy from major chains that don’t accept crypto? Manage volatility?

Joel’s answers are really helpful for anyone ready to take the plunge!

Video Timestamps ⏰

03:45 – Local businesses

04:31 – BitRefill

05:02 – Purse.io

06:03 – DashDirect

07:02 – Flexa

08:14 – Paying Bills with Crypto

09:08 – Paying Rent with Crypto

09:44 – How to Handle Volatility

Dash Launches DashDirect App Surpassing Bitcoin Merchant Acceptance With 155,000 Locations

DashDirect is an instant-saving retail app that allows Dash to be spent at a variety of national chains with over 155,000 merchant in-store locations and more than 125 online retailers within the United States.

Dash is continuing to lead the cryptocurrency space in terms of retail adoption, this application is completely customer-focused, simple to use, and allows interested parties to dip their toes in this evolving industry. Dash is continuing to lead the cryptocurrency space in terms of retail adoption. DashDirect was made possible with an investment from the Dash Investment Foundation and built by CrayPay, an Arizona-based fintech company in partnership with Dash Core Group. This application is entirely customer-focused, simple to use, and allows interested parties to dip their toes in this evolving industry by allowing them to use their coins via an everyday and familiar behavior – shopping.

https://www.youtube.com/watch?v=5lXhE9tN56c

With DashDirect you get instant savings at the brands you love, every time. Now you have a reason to pay with crypto. Save up to 12% at a plethora of nationwide American retailers and online merchants including Best Buy, DoorDash, CVS, Lowe’s, Staples, The Home Depot, Autozone, GameStop, Chili’s, Domino’s, Chipotle, Subway, American Eagle, and many more.

Discount amounts for each retailer will evolve and increase over time as overall app usage increases. All Dash payments with DashDirect are optimized to be instant and secure. DashDirect is non-custodial; users control and manage 100% of the Dash they own with no third parties involved. The official Dash wallet is used to facilitate Dash transactions to send a payment from a user’s Dash wallet from their available balance easily with user verification to approve the use of funds. There’s no waiting and no currency exchange fees.

DashDirect merchant map with more than 155,000 retailer locations to spend Dash in the United States.

According to the CoinMap.org merchant directory – the most extensive globally – Bitcoin is accepted (as of June 2021) at 22,883 venues worldwide. In comparison, DashDirect enables users to identify nearly seven times more locations than this global reported total at which they can spend and save instantly.

The DashDirect app has many features with a keen focus on ease of use. For instance, users may optionally include tips when paying at the many supported restaurants. The user dashboard allows users to keep track of their spending habits and saving totals. Users can even purchase digital gift cards for friends and family within the app and send them instantly via email with a custom message.

To celebrate the launch of the DashDirect app, a promotion in collaboration with Dash Core Group will reward the top 50 users on August 31st, 2021 who have the highest volume spent in-app. The winners will be rewarded with $100 app credit each, which can be spent at any merchant listed in the app. Please visit the DashDirect website to download the Android or iOS application to enter the contest.

Dash Is Becoming a Decentralized Cloud with Dash Platform

The payments-focussed cryptocurrency Dash has published a five-part video series about the upcoming Dash Platform titled “Dash is Becoming a Cloud”.
Dash Platform is a technology stack for building decentralized apps on the Dash network. It allows developers to easily access network resources and trustlessly store app data using Dash’s decentralized API.
The first video in the series bridges the gap from when Dash Evolution was first announced in 2015, bringing people up to speed to the present with the final installment of Evolution – Dash Platform. The remaining four videos explain the four components of Dash Platform, which together will make Dash the first peer-to-peer cryptocurrency that functions like a cloud service; Dash Drive, the Decentralized API (DAPI), Usernames via the Dash Platform Name Service (DPNS), and the Dash Platform Protocol (DPP).
Soon you will be able to transfer Dash with just a username. That means no more long, confusing, and scary cryptographic addresses. Blockchain-registered usernames and contact lists will vastly improve ease of use and accessibility for less technically-minded users.
Dash Platform is an application development platform that leverages the Dash masternode network and blockchain by transforming Dash’s peer-to-peer network into a decentralized cloud. This means that developers can easily integrate their applications with Dash Platform by using Dash’s distributed, decentralized application programming interface (DAPI). It allows clients to send, store and retrieve application data via Dash Drive, as well as query the blockchain through a more developer-friendly interface. One key advantage of DAPI is that it provides developers with the same access and security of a full node, without the cost and maintenance overhead. The MVP release of Dash Platform will initially act as a Database as a Service (DBaaS). It will use data contracts with custom data structures defined for applications, that store application data on the Dash masternode network. This data will be notarized via Dash’s blockchain. Dash Platform creates a frictionless developer experience with SDKs (Software Development Kit) to easily develop applications.
Dash Core Group recently published a video demonstration of the username registration process via their flagship Platform wallet Dashpay (currently in testing). What makes Dash’s username identities unique is that it will be the world’s first decentralized blockchain solution that enables usernames to operate natively—no third-party companies required. This allows developers to build decentralized applications that can easily connect to the network using Dash’s forthcoming Decentralized API (“DAPI”) and storage mechanism Drive.
Dash is cultivating a community of developers to build decentralized applications on Dash Platform. The community-run website Dash Devs is currently offering Dash rewards for various bounties on DAPP development for Dash Platform. A number of community DAPPs have already been created and are in development on Dash “EvoNet” (which serves as the public testing environment for Dash Platform).
Dash is no longer just about payments—its real-world use cases and applications are about to get a major boost. As Amanda B. Johnson states in the outro of the first video: “Stay tuned, as Dash is becoming a decentralized cloud”.
Developer Resources:
► Developer Discord – https://chat.dashdevs.org/
► Dash Platform Dev Documentation – https://dashplatform.readme.io/
► Dash Core Developer Guide – https://dashcore.readme.io/docs/core-guide-introduction
► Dash Core Github – https://github.com/dashpay
► Dash Platform Github – https://github.com/dashevo
Are you a Developer? Join the Developer Community, earn rewards for various bounties for DAPP development on Dash Platform: https://dashdevs.org/bounties/
Dash is Digital Cash. Instant transactions and micro-fees. Any amount, anytime, anywhere. Learn more about Dash at: https://www.dash.org
Follow Dash On Social Media:
► Facebook – https://twitter.com/Dashpay
► Twitter – https://twitter.com/Dashpay
► Instagram – https://www.instagram.com/dashpay/
► Telegram – https://t.me/dash_chat
► Linkedin – https://www.linkedin.com/company/dash—digitalcash-cryptocurrency-/
► Reddit – https://reddit.com/r/dashpay/

Dash Debuts FastPass Trading Ecosystem of Partners Leveraging Instant Transactions

Dash has debuted FastPass, a network of ecosystem partners dedicated to trading which leverage Dash’s special features of InstantSend and ChainLocks. The FastPass designation is intended to denote services where users can expect Dash transactions to be settled much faster, providing a vastly improved trading experience and opening up arbitrage opportunities.

Announced this week, Dash has debuted the FastPass designation for supporting exchanges and services which explicitly recognize InstantSend and ChainLocks, two security-improving innovations by Dash which enable transaction security to be achieved much faster than in traditional proof-of-work chains. According to Dash Core Group Business Development Manager Omar Hamwi, users and partners in the FastPass ecosystem enjoy a much improved trading experience over non-participating services:
“We’re not only bringing value to the Dash Network but to our FastPass partners and their users as well. This not only helps support our strategic partners but also raises awareness to users as to where they can experience what makes Dash best for traders. We have seen that utilizing Dash through our partners with this enhanced user experience, traders will see that Dash is scalable, easy, near-instant, secure, and highly affordable to transact and move between FastPass partner exchanges.”
The growing list of FastPass participants at time of writing includes nine exchanges, two services offering margin trading services, four offering derivatives, two investment platforms, seven OTC (over-the-counter) trading services, two trading bots, two analytics platforms, four lending platforms, two custody services, and seven staking services. These services can be expected to explicitly support one or more of Dash’s advanced features from fast deposits due to ChainLocks, even faster deposits due to InstantSend, staking rewards due to masternodes, masternode-specific services such as voting in Dash’s DAO (decentralized autonomous organization), etc.
The significant speed advantage of InstantSend- and ChainLocks-enabled services
According to Carlo P. Las Marias, Co-Founder and COO of FastPass partner Hummingbot trading bot service, Dashs’ special features provide the opportunity to significantly improve his product’s user experience:
“Hummingbot is proud to be a Dash FastPass Accredited Partner. Dash’s impressive and unrivaled speed, security and low cost transaction fees, provides us another building block to further develop and enhance the Hummingbot user and trading experience. Dash’s InstantSend and ChainLocks functionality, allowing near-instant deposits and withdrawals, will enable new automated trading strategies that take advantage of market and arbitrage opportunities across the Dash FastPass Network of partner exchanges and services.”
ChainLocks is an advanced security feature leveraging the Dash masternode network to make a block permanent, and its transactions irreversible, once a single confirmation has been received. In a network like Dash with a 2.5-minute average block time, this means transaction permanence in 2.5 minutes. For example, Coinbase considers a Dash deposit final after two confirmations (requiring an extra unneeded confirmation as an additional precautionary measure), or about five minutes, while Litecoin requires 12 confirmations, or about 30 minutes with a similar 2.5-minute block time. Bitcoin deposits require three confirmations or about 30+ minutes as well, meaning that a Dash deposit will be recognized as final a full six times faster (which could be improved to 12 times faster as Coinbase’s familiarity with the ChainLocks technology grows).
InstantSend is another technology leveraging masternodes to lock in Dash transactions in under two seconds, preventing them from being changed until they are confirmed in a block (at which point they become permanent due to ChainLocks). This level of security is considered by many services as largely sufficient to consider a transaction as permanent instantly. Dash’s full list of exchanges counts 18 exchanges and brokers recognizing InstantSend deposits at time of writing.

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