Hello everyone this is Monz from India and I am here with my homework of privacy coins given by professor @levycore...

So let's now understand what is Bitcoin?

Bitcoin is a decentralized open-source digital currency . It was created in 2009...
Bitcoin is without a central bank or single administrator...
Price of bitcoin today is $36,470.69 and is on the no. 1 rank on CoinMarketCap...

It has a market capitalisation of $1,657,717,914,670 as per today's day...
Bitcoin being a digital currency can be sent to digital wallet of other people, and other people can also send Bitcoin to our digital wallet..
They are also mined by many people...
Even i earned profit of around 200 dollars from btc..

Coming to our next question of choosing a privacy coin and performing fundamental analysis of the coin in detail...

I will be Choosing Dash Coin for analysis

DASH COIN IN DETAIL...

Let's start with understanding what is Dash coin:

Dash is an open-source Altcoin somewhat similar with bitcoin its was launched in 2014 on January 18th ..Its previous names were Dark Coin and Xcoin..
But finally in 2015 it was named Dash..
Due to low transaction fees and speed and security reasons it became a popular privacy coin..

MARKET VIEW OF DASH COIN

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Dash Coin has a market cap of :1,625,916,472,478 Dollars.
Dash is transacted on more than 250 exchanges..
Today's trading volume of Dash Coin is $498,720,839.84
It's on 53 rd rank on Coin market cap..
Market dominance of is 0.12%
It has a circulating supply of
10,160,902.63 dash...

Due to its popularity many merchant uses Dash as a means of payment

Coming on to the speed and accuracy of Dash....

Speed

Dash is one of the fastest transacted privacy coin and its average transaction time is 2 mins 39 secs and since its also known as blocktime..
Using InstaSend protocol dash can perform a transaction in few seconds...

Another main reason for popularity of dash coin is its unique Master Node Model.....

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Let's understand Master Node Model in detail..

On dash cryptocurrency blockchain the system is divided into two parts

One is the miners and other is the masternodes

Masternodes and mining

Masternodes are responsible for performing private transactions on dash Crypto network...
They helps in improving the security of the network and make sure the transactions of fast transactions...
Masternodes gets 45% of rewards received from mining dash coin and the rest goes to the miners...

To become a master node 1 should have minimum deposit of 1000 Dash to become a masternodes..
Dash coin can be mined using a CPU and GPU ....

Private Send

Private send adds privacy to transaction due to which
Dash transactions cannot be traced back ...
Even The Identity of the user is hidden
So according to me e another reason for or dash being popular is private send function...

Instant Send

Dash coin provides a special service called instant send in which transactions are instantly confirmed by Master notes network...
But then there is an extra charge for instant send function....

Dash Coin can Fund its own growth and Adoption

Working of a Dash Transaction.....

So a Dash Transaction needs Public Address and Private key for transactions...

Steps required for creating a wallet for the Privacy Coin Dash:

Step 1

Go to playstore and search for Dash Coin wallet .
And then download the DashCoin Wallet

Then after downloading open the open the stored wallet

After opening you can see the wallet's logo page

Then you will have to enter your pin number which you will require will opening the the wallet ..
So set a pin number which you like

Then you can see the homepage of the wallet where our balance is 0 now but if you have balance it will display your balance

So by following the above ways you can make a dash wallet and do your transactions easily through this wallet...

ADVANTAGES AND DISADVANTAGES OF DASHCOIN

Like every thing in this world has advantages and disadvantages so so the same happens in the Crypto market ..
We will now see the advantages of Dash Coin :

Advantages

•Less transaction fee
•Speed and accuracy
•Privacy and security of user
•Transactions cannot be easily traced
•Masternodes ensured transactions
•Instant send functions which makes dash my personal favourite coin...

Disadvantages

•Still lacks significant number of users and merchants
•Occuring of bugs during updates (sometimes)
Used for illegal purposes
•Lots of other coins are its competitors

Reason to Choose Dash Coin

Due to its speed and accuracy and the privacy which are provided to the users dash is my personal favourite privacy coin and the best thing is its transaction speed ..
Another reason for dash being my favourite coin is low transaction cost..
So for the above reasons I would recommend that dash coin could be a better choice..
And I would recommend all the Crypto holders to invest in dash coin because according to to the sources the future of the dash coin is bright and it could be a trustworthy coin as it comes in top 100 coins.....

Conclusion

On a nutshell Dash Coin is a great cryptocurrency for long term holding and best part is the demand for this coin is growing day by day which is a good signal of prices going high in future so according to me if anyone makes an investment in dash coin will be in highly profit for the coming future..The quality that makes Dash my favourite coin is it security and privacy and non traceable transactions..
So the newbies looking for an investment can invest in Dash Coin...

Cc
@steemitcryptoacademy
@levycore