Traders rush to Dash, up by 10% and trading at $119

In defiance of increased geopolitical uncertainty, traders are bullish on the dash, a fast-growing altcoin.

Dash was trading for $118.7 with a daily volume of $696million. Dash is up to 10.42% for the day. The 71st crypto has a market valuation of $1.3 billion and a circulating supply of 10,634,301.

* Dash is an open-source blockchain and cryptocurrency formulated to offer fast, economical global payments through a decentralized system.

* The white paper for Dash contends it aims to expand upon Bitcoin by providing better privacy and faster transactions.

* Digital cash, whose name originates from the word “Digital.” was created in January 2014 by forking Litecoin.

* Since Dash went live, it has increased features such as a two-tier network with incentivized nodes, including “master-nodes,” and decentralized initiative governance; InstantSend, a form that allows for instant payment settlements;

* 45% of Dash” rewards go to miners, 45% to master nodes and 10% to its decentralized governance budget

However, to mine dash coins, proof of work consensus is used with an X11 hash function. Generally, a coin is mined in two and a half minutes.

Dash’s governance is stimulated through its DAO. Once a user has 1,000 DASH tokens, they become master-node owners. By assessing transactions and voting on recommendations for enhancing the ecosystem, these master-nodes act as regular nodes.