The Executive Interview series, as part of Tech Investment Insights, provide you with exclusive interviews with newsmakers, industry leaders, and experts in the technology industry.
Interviews do not imply endorsement of the company, its products, or any associated securities. Rather, it's meant to provide you more information for your consideration from those currently directly in the industry itself.
Recently I had the opportunity to interview Ryan Taylor, Chief Executive Officer of the Dash Core Group, Inc. We discussed how the cryptocurrency Dash (DASH-USD) is designed, what features make it distinct from other cryptocurrencies, how Dash is being utilized, and general trends and developments right now in the cryptocurrency world.
Dash is one of the largest cryptocurrencies in circulation, ranking roughly #15 as of the beginning of August 2019 with a total market capitalization in circulation of approximately $964 million at a price of about $107 per Dash unit. At its height during the late 2017/early 2018 crypto-bubble it reached a price of just about $1,600 per Dash, resulting in a market capitalization of about $12.41 billion. Year-to-date Dash has gone from about $79 a Dash to about $180 a unit in June 2019 before falling to its current levels.
Dash has gained particularly popularity in Venezuela among the general population, as due to hyperinflation problems affecting the government-issued currency there the crypto has become a viable alternative for many Venezuelans. It has also seen a significant decrease recently in median transaction value from on average between $250 and $750 throughout 2017 to a low now of generally $1 to $20 this year.
The crypto originated as an altcoin fork of Bitcoin (BTC-USD). It is written in C++ and has as some of its notable features autonomous decentralized governance based on masternodes, which are large conglomerations of Dash whose owners get elevated procedural abilities in network decision-making, and privatized transactions that protect the identity of participants.
It appears that Dash's infrastructure and design allow it to achieve faster transaction times as well process network-wide decision-making in a more efficient and usable process than many other cryptocurrencies.
Explore other segments of Tech Investment Insights' Executive Interview series below:
This article was originally published on Seeking Alpha as part of Tech Investment Insights.