DASH Hits just under $100 000 000 Market Cap

If you have been following Dash you may know that it has a Bitcoin code base and was launched in 2014 by Evan Duffield. Dash operates as a Decentralized Autonomous Organization, DAO. Simply put an organization of people that talk to each other via a network protocol.

So what's the big deal?

• InstantSend offers a confirmation within an average of 1.3 seconds to users who choose to pay the fee for this service.
• PrivateSend keeps your payments private so nobody can track you thanks to Darksend.
• Dash doubled its blocksize from 1 MB to 2 MB recently.
• The Dash block time is every 2.5 minutes and its mining difficulty is able to be adjusted up to every single block.
• Dash's mining reward is 3.88 Dash and this amount decreases by 7.1% each year giving Dash a slow and steady emissions curve, nearing zero at around 22 million coins.
• When measuring node count by market cap, Dash's infrastructure robustness is more than an order of magnitude higher than the competitors of say, Bitcoin or Etherium.

Dash's next major development is expected to be released in 2017, called Evolution and will automate many features and make digital cash something even your mother could use.

What about the economics?

You may have heard of @rogerkver who has concerns about the current Bitcoin block size:

https://steemit.com/bitcoin/@rogerkver/time-to-end-the-block-size-blockade-by-roger-ver

"After talking with many of the Bitcoin miners from China over the last few days, and hearing that they currently are not willing to do the smart thing and allow Bitcoin to scale in a timely manner, I’m on the very verge of selling some of my Bitcoins. Perhaps one day very soon I will be devoting all of my attention to a hard fork of Bitcoin that actually allows scaling in a timely manner."
https://www.reddit.com/r/btc/comments/4xdsua/roger_ver_from_bitcoin_jesus_to_bitcoin_killer/

It is my opinion that Dash has the features needed to compete with credit card companies and take this currency where crypto has not gone before!

Is DASH self sustainable ?

The block reward that usually goes to Miners is split between Miners (45%), Master Nodes (45%) and The Treasury (10%) which covers everything that the Dash network deems necessary. This enables the hiring of developers, accountants or anybody who works for the Dash network rather than Miners consuming the entire revenue stream. With the many jobs that need to be filled, it makes perfect sense that the network is able to sustain itself.

In addition to performing the functions of Private send and Instant Send, the Masternodes also get to vote on how to allocate the 10% of the Block reward. Each of the Masternodes has locked down at least 1000 Dash as collateral, proving that they have a significant stake in the outcome of their votes.

Dash Soars into record high Market Cap

Since the sophisticated version of the Dash DAO, its Market Capitalization has increased from under
20 Million US dollars to just under 100 Million dollars earlier today!

I'm not a coder, just a blockchain enthusiast and I think DASH is worth the investigation.
1Love,

Content Source and Credits: Amanda B. Johnson
https://www.dash.org/
Dash - Digital Cash
https://www.youtube.com/channel/UCAzD2v9Yx4a4iS2_-unODkA