DASH is live on HitBTC!

Long story short, we have added another currency to HitBTC, and this time it’s Dash. Yes, you got it right – now HitBTC lists both Dash and Dashcoin. Try not to mix those up!

Community interest in Dash has been so great that we have no doubts everybody are well-informed about Dash special features, but we can’t help but give you at least a small insight into this exciting coin.

The coin that is now known to cryptoworld as Dash has been around since January, 2014, first released under the name XCoin, then renamed to Darkcoin, and later on it has gained its current name. Dash is actually a Bitcoin fork, but it also has a two tier network advancing it. Although Dash specifications ares similar to other coins’ in many ways, it has few major competitive advantages that keep it in the high league.
Some of them are listed below.

Privacy

One can never be fully anonymous in cryptoworld with all the transactions being recorded in blockchain and available to all the users with Internet access. Dash fights it with the anonymization technology called DarkSend (native CoinJoin). This feature utilizes an algorithm that combines the identical inputs into a transaction with several outputs, which makes transactions extremely difficult to trace.

 

Processing Speed

Dash uses InstantSend technology which allows users to receive transactions in no time just with the same degree of protection against double-spending that comes with several traditional block-level confirmations. Velocity is what matters!

 

Masternodes

What is Masternode? This is basically a special server which could be run by anyone with at least 1000 DASH. More DASH – more Masternodes.

Masternodes are the cornerstone of Dash network. First, without them it would be impossible to implement DarkSend or achieve high transaction speed. Second, Masternode system encourages users to hold DASH and contribute to Dash network – 45% of block reward goes to Masternode maintainers.

This is one elegant Proof-of-Stake algorithm, combined with traditional Proof-of-Work mining.

 

Difficulty re-adjusting

The Dark Gravity Wave(DGW) created by Dash dev team is claimed to be the smoothest difficulty re-targeting system among all present in the market at the moment. Dash mining reward also decreases smoothly, making it 7% less each year. This helps to avoid market shocks and keep the price stable.

 

If you still don’t trade Dash, that’s a great time for you to start – Dash is on the roll right now!

Bitcoin in the News

Bitcoin is on a rather awesome climb again whilst the halving of the mining reward draws closer. There have also been some other recent interesting developments in the field of blockchain. In this article I will go through the recent events that have been shaping Bitcoin’s price in the very recent past. We are currently witnessing some rather interesting times. Financially, economically and also in the field of technology. On top of the halving of the reward that is predicted to happen around 26th of July there’s also another event of financial significance that is rapidly drawing closer – Brexit. I’m sure you’ve already heard, as you know, all of the news outlets keep banging on about it. Yes, Great Britain is having a referendum on the 23rd of June where people will decide whether they want to remain or leave the European Union.


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Bitcoin in April – Price Analysis

We’re gonna start giving you a monthly overview of the Bitcoin price. Technical analysis is the key to success and trading profitably. This is why we’re going to do a monthly look back on its movements and giving you info on the indicators and support and resistance levels. This will help you have insight into what the price might be up to in the near future, helping you execute more profitable trades.

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Bitcoin Withdrawal Fees

As you all probably know Bitcoin is undergoing some changes and thus we also need to adjust to them. Change is always inevitable and mostly a good thing. Sometimes it can cause some inconvenience too and for that we are sorry.

What’s happening?

As the new Bitcoin Core version 0.12.0 is now available there are some changes that will affect you and our other traders. By this we mean our BTC withdrawal fees. Various improvements have been made to how the wallet calculates transaction fees and this is why we will have to update ours as well.

The new fee for withdrawing Bitcoin is 0,0002 and will be put in place from April 20th, 2016.

Read more about what this new version is about.

Bitcoin Debit Cards – a New Personal Banking Solution?

As the use of Bitcoin and other cryptocurrencies becomes more and more popular, we see an increase in products available. There are so many crypto apps available that serve  many different purposes. From smart contracts to securing a country’s health records to playing little addictive games – blockchain gives us so many wonderful new opportunities and features. It is said to revolutionize the banking system. Let’s have a look at some particular products that might help you send the banks packing. I am specifically talking about Bitcoin debit cards.


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Bitcoin Success Stories

There are so many posts and articles on the technical aspects of the cryptocurrencies. I also mainly write about techy and how stuff works topics. But the stories that I enjoy most are about real people. Just like you and me. I always feel inspired and happy reading about true success stories from ordinary people. Cryptocurrencies aim to make the world a better place, let’s see how they’ve changed some people’s worlds or how people are changing the world with Bitcoin. Continue reading