What is Dash calculated with (why is Dash falling so heavily)?

08/20/2023 03:45 • AI Insights • 76 views

What is Dash calculated with? According to CoinMarketCap data, Dash is calculated using two main methods: 1) Through market price purchase. The cost generated by each block is calculated based on the price of Bitcoin. 2) Through transaction fee payment. Conducting transactions on Ethereum can earn a token reward, and the transaction fee is the average amount given by the user.

2. Through market value acquisition and sale of forked tokens, with a total circulation of 100 million Dash. If Dash’s market value exceeds 1% of its circulating supply, the project can raise over $500,000. 3) Distributed according to the price-earnings ratio. Dash is auctioned off at a spot price of 2 cents per unit. The initial total quantity is 100,000 coins.

Why is Dash falling so heavily?

Editor’s Note: This article is from the Fenghuolun community (ID: FHBT18), author: Peipei, authorized reprint of Odaily Star Daily.

Hello everyone, I am Peipei. It’s the weekend, and Dash has fallen heavily. Actually, I was quite happy yesterday and before:

First of all, I am somewhat worried about this issue because we started discussing Dash’s issues in September last year. But it seems that this situation is not too significant now. Since mid-June, Dash has been in a sideways trend. However, during this period, it seems that many people have been saying things like “Bitcoin is a bubble,” and some even ask why they can’t buy it. Of course, some people say there is no problem at all. Additionally, recently I saw something interesting, which is that the results of the U.S. election were very bad news for the cryptocurrency market. As for tokens like Dash, if calculated at the current price, it can reach a few cents, less than $10,000. Moreover, the current circulating supply is only over 1 billion coins. So, the numbers being mentioned here are a bit reminiscent of a Ponzi scheme. To determine whether there is really a risk, we need to look at the total issuance.

Next, let’s talk about this matter and see if it is possible for a situation similar to what happened to the blockchain industry. The first event is the congestion of the Ethereum network after the last Ethereum merger. Many developers discovered a loophole, namely the supposed smart contract functionality that does not exist on Ethereum. For example, there is an application on Ethereum called ERC20 token that needs to store some transaction records in one place. The second is the Eth2 testnet version launched in January this year. Although the project itself does not truly achieve decentralization, there are some flaws in its codebase that can be exploited. The third thing is that in the past year, various innovative technologies and products have appeared in the Ethereum ecosystem, most of which are developed based on Ethereum’s public chain. There are also Ethereum Cats, Ethereum Classic, etc. All of these can be modified or changed through smart contracts, greatly reducing gas consumption. (Note: According to the information released by the Ethereum Foundation, this upgrade is expected to use more algorithm mechanisms to solve this problem.) The fourth update mentions some information about Ethereum 2.0:

1. The Ethereum core team believes that Ethereum will not become the future main chain. Previously, Ethereum officials also stated that they will solve the performance and expensive transaction fee issues of Ethereum through hard forks and plan to launch a new consensus layer. In addition, according to media reports, Ethereum Improvement Proposal (EIP-1559) is expected to be implemented in the first quarter of 2020, and the mainnet launch of Ethereum Virtual Machine (ETH2.0) may be brought forward to late May 2021. This also means that Ethereum 2.0 Phase 0 is about to come.

2. The current block reward is 21 million DAI. As the current total staking value of Ethereum is approximately $40 billion.

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