What is used to mine Dash (Dash mining cost)
What is used to mine Dash? The token economics of the decentralized computing pl
What is used to mine Dash? The token economics of the decentralized computing platform DASH are supported by cryptocurrencies and algorithms. According to the latest information released by Dash, users can trade ETH/ERC-20 tokens through DasisDEX, engage in activities such as trading, staking, mining (Dash-swap), lending, and acquire the most active assets on Ethereum, such as USDT, BTC, and DAI.
Dash achieves a decentralized distributed application ecosystem by returning ownership to individuals through the use of off-chain data structures. Additionally, DASH provides liquidity pools for users to participate in liquidity and portfolio management within DApps.
Dash mining cost
According to official Dash data, the circulating supply of DASH on Ethereum is currently 236,000. Among them, 4% of the total supply will be destroyed (approximately halved every 10 minutes) when calculated based on the price of 1 ETH. This means that $1 million in assets are added every day to reward the support of the Dash network and protocol builders, and 1% of tokens are minted each year to incentivize ecosystem participants.
Based on the current market price, the cost of a single transaction is about 25 cents. However, if gas on Ethereum is used to pay for GAS fees, it would cost over $50 in Gas fees to complete a transaction on the Ethereum network. On average, a transaction costs approximately $250.
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