Our Dash Digital Asset Report and Evaluation analyzes the Litecoin fork and its position and potential within the cryptocurrency world. As a coin focused directly on private payments, the platform has looked to mass adoption in emerging markets and is considered by many to be a ‘true’ digital currency – a replacement for money.Introduction to Dash
Dash is a fork of Litecoin and is one of the earliest offshoots of the Bitcoin protocol. The cryptocurrency was introduced in 2014 and went through several rebranding exercises before solidifying as Dash in 2015. The project is focused on creating a practical instrument for payment transaction by addressing notable bitcoin shortcomings such as the lack of anonymity, low transaction speeds and governance.
Dash has also put in considerable effort to increase general consumer-service adoption through development of user-friendly features and UI. Despite a number of controversies that have haunted the project, we consider Dash to be one of the more promising cryptocurrencies in the market today.Market Opportunity
In 2017, the top 6 credit card brands saw nearly 300 billion transactions worldwide. This is only a fraction of the total electronic transaction market. PayPal alone processed $139.4 billion over 2.3 billion transactions in Q2 2018. There is also a growing trend in contactless payments, with Transparency Market Research estimating that the value of such payments will grow from $14.1 billion in 2017 to $801.4 billion in 2025.
Dash targets the broad electronic transactions market with its range of consumer and merchant features, which present a multi-trillion-dollar opportunity.
However, it is important to note, while Dash is one of the first projects to work on improving speed and privacy features of cryptocurrencies, it is certainly not alone. Monero and Zcash are two of the more notable projects appearing in the coinmarketcap top 20, but there are many others outs...