Author: changehero
June 25, 2020

TRON is one of the examples of modern blockchain projects, adapted for building on it. Their mission is to enable new monetization models for content creators and entertainment providers, but the areas TRON technologies and TRX are finding use in are incredibly diverse. TRON is laden with both praise and doubt, and like it or […]

What is TRON? A Beginner's Guide by ChangeHero

TRON is one of the examples of modern blockchain projects, adapted for building on it. Their mission is to enable new monetization models for content creators and entertainment providers, but the areas TRON technologies and TRX are finding use in are incredibly diverse. TRON is laden with both praise and doubt, and like it or hate it, it’s definitely one of the most talked-about projects in the crypto sphere. This time, the ChangeHero team is going to answer the beginners’ questions about all things TRON/TRX.

What is TRON?

TRON is a decentralized network and a platform for decentralized applications. The transactions and operations in it are carried out using the native token, TRX, which can be used for staking, voting or simply transferring value in this network. It is not dissimilar to other networks of contemporary standard, which in addition to supporting financial services can be used to build applications on.

The TRON network is promoted as a platform for content creators, and their mission is to become a bridge between them and consumers, eliminating the need for intermediaries such as publishers or labels. The main use case for TRX is to be a currency with which network users can gain access to content and the creators get rewarded in full. For that purpose, TRON Network pushes for dApp development in gaming, content distribution and media.

How did Tron begin?

The core ideas behind TRON were formulated in 2014 but the development mainly took place in 2017. In December 2017, the first version of its protocol was launched on Ethereum. The next year, in May, mainnet was launched and the genesis block was mined on July, 25, now known in the community as TRON Independence day. By August, TRON Virtual Machine and Super Representative systems were in production.

Tron Foundation CEO, Justin Sun
Photographer: Paul Yeung/Bloomberg © 2019 BLOOMBERG FINANCE LP

TRON Foundation’s CEO, Justin Sun is pretty much the man behind the project. Prior to launching the project he was a chief representative of Ripple in China. Sun is also known to be a graduate of Hupang University program started by Jack Ma, founder of commercial giant Alibaba. His graduate thesis would become the basis for the TRON Network.

How does Tron work?

TRON has a three-layer architecture: there are storage, core and application layers. Storage layer keeps the information about blocks and the state of the system. Core layer is home to smart contracts, consensus mechanism and account management. Application layer is the level of the system which houses interfaces for developers to build apps on. Besides, there is Sun Network, a network of side chains built specifically to introduce more applications to the system.

TRON’s consensus mechanism uses the Delegated Proof-of-Stake algorithm: participants are categorized as Super Representatives (SR), SR partners and SR candidates. SRs are chosen by voting: top 27 become SRs, who can produce blocks, pack transactions and receive rewards. Blocks are produced every 3 seconds and yield 160 TRX. Validators ranking 28–127 become SR partners who are eligible for voting rewards and essentially perform the role of witnesses. The cost of applying to become a SR candidate is 9,999 TRX, which are burned away.

Any participant can make proposals to improve the network and vote. To vote, a TRX holder has to stake some of the token and receive Tron Power (TP) proportional to the size of the funds they freeze in 1:1 ratio. By attributing votes to a SR candidate, a user can receive a share of their vote reward, provided the SR candidate is eligible for one. Since the list of SRs is updated every 6 hours, the rewards are also accumulated over this period of time and shared accordingly as the list reshuffles according to the ranking.

The network also uses smart contracts, and has two token standards: TRC20 uses smart contracts and is compatible with ERC20, while TRC10 is issued by system contract. Some of the TRON tokens include BitTorrent (BTT), WINk and Tether (USDT).

What is TRX?

Native currency on the blockchain – Tronix or more commonly TRX. In addition to staking by voting, the network has two additional ways to make TRX fuel the network: bandwidth and energy systems.

TRON Network uses bandwidth points to perform transactions, making them virtually free. They are rewarded to users every 24 hours, and are freed up 10 seconds. Should you need to transact more often, though, you would need to freeze some TRX in your account or pay a transaction fee (calculated by a formula: number of bytes in a tx*0.00001TRX).

Energy is needed to perform calculations with smart contracts. It can only be obtained by freezing TRX in an account, and no, the TRX you freeze to get bandwidth and energy are counted separately. The more TRX you lock in to get energy, more times you can trigger a smart contract. The total CPU resource in the network is 1 billion Energy.

So, even though there is a constant flow of new TRX into circulation, there are even more ways to keep it locked working for the network and a few deflationary mechanisms (like the aforementioned SR application burn, token creation fees and transaction fees). As a result, the total supply of TRX at the moment of writing is 99,281,283,754 TRX, but the circulating supply is only 66,682,072,191 TRX.

Why is TRON special?

TRON aims to become the go-to blockchain development platform with the main focal point in entertainment. TRON blockchain is supposed to be a platform to build dApps on. TRON supports applications written in Java, its designated smart contract language, as well as Go, C++, Scala and Python.

There is also the aforementioned DAppChain, or Sun, network, which includes side chains fully compatible with the main network but allows customized operational rules and takes off some computational load off it, meaning more free energy and more transactional throughput.

Why does TRON receive criticism?

Since its inception, TRON has seen a slew of controversies, which do not seem to ever end. For a start, there have been multiple cases of accusations of whitepaper plagiarization. Some segments of TRON whitepaper have been said to be copied from various other projects, including but not limited to Ethereum.

The network’s decentralization is also questioned time and time again: a lot of validators are run by TRON or its affiliates. Currently, among 27 SRs, 12 are controlled by TRON Foundation or its subsidiaries.

There are also some occasional security concerns: last year, a critical bug was discovered (and fixed) which, if exploited, could have brought the entire network to a halt. The severity of this bug was that the attack could have been performed using a single machine.

What is TRX worth?

Like any currency of this generation, TRX’s worth is supposed to come from its utility in the ecosystem. The more robust it is, the more worth is attributed to the native coin.

TRX price performance since its launch
Source: CoinMarketCap

In the 2017 ICO, $70 million USD was raised and 100 billion TRX entered circulation, making the initial price of a single TRX $0.0007. At the moment, TRX is traded for $0.015854, which makes the ROI (in comparison with ICO) close to 2,000%.

The highest known TRX price coincided with the peak of Bitcoin’s bull run in late 2017 and early 2018, and reached $0.300363 on January 5, 2018. The second highest price to date, $0.093645, was seen on April 20, 2018, probably in anticipation of the mainnet launch. In general, the most common price range for a single TRX has been $0.01–0.03 since then.

TRON Partnerships and Acquisitions

Just some of the partners of the network include the largest decentralized streaming service DLive and Samsung. DLive migrated to TRON in late 2019, and Samsung features TRON dApps in the Blockchain Keystore and Galaxy Store.

BitTorrent

In July, 2018 Justin Sun completed acquisition of BitTorrent, a peer-to-peer file sharing network, and integrated it within the TRON ecosystem. The significance of this deal is in the extensive, 100 million user base. Besides, integrating the largest peer-to-peer network focused on content sharing seemed like a no-brainer.

BitTorrent Speed announcement on Twitter
Source: Twitter

The integration into TRON network let BitTorrent become optionally monetized. The original service is still free-to-use but with BitTorrent Speed, by paying with tokens, users can increase the download speed limit. Seeders are also incentivized by staying online. The initial plan to use TRX evolved to the birth of the designated TRC-token, BitTorrent (BTT). BitTorrent Speed comes with the Classic Windows µTorrent client with a wallet to store the tokens in.

Steemit

A much more recent and impactful acquisition happened this year. In February, it was announced that TRON Foundation bought Steemit, a decentralized network much like TRON, with a large community mainly consolidated in one of its most used apps, Steemit.com. Steemit uses DPoS, and by the time of acquisition, a huge pool of tokens was owned by Steemit Inc, but never participated in voting. With a new owner, all this voting power could have led to drastic changes in the blockchain, and the community initiated a series of forks. First, a soft fork limited some of the voting power of select witnesses, and then, on March 20, a hard fork split from the main chain, giving way to Hive.io.

At the moment of writing, STEEM ranks 80th and HIVE – 85th in market capitalization.

How to use TRX?

Buy Tron on ChangeHero

To use TRX, you would need to get it first. Probably, the easiest way to do this is to buy it on ChangeHero. You would only need to go through a simple verification process and provide some information, and the purchase will only take about 15 minutes. We make sure to provide the most competitive prices.

Where to spend TRX?

The main area of application for TRX is, obviously, in dApps. A lot of those are used for various forms of gambling: RocketGame, WINk, COSMOS GAMES and Xdapp have hundreds of active users at the moment of writing (according to DappRadar). Some popular blockchain games like Blockchain Cuties and MegaCryptoPolis support TRON blockchain.

TRX is not limited to dApps, though. The TRON Foundation is exploring different areas of purpose for the coin, promoting it towards different integrations. For instance, TRX is supported in Spend App and Spend’s debit cards, meaning you can buy it and spend as if it was a conventional currency. Being a rather popular cryptocurrency, it is also supported by most cryptocurrency payment gateways.

Store it in a wallet

There is no official wallet developed by the TRON Foundation. However, many independent developers have either made the interface to interact with the blockchain or integrated it along with other supported currencies.

The official website recommends TronWallet (available on desktop and mobile devices), Trust Wallet, imToken (mobile only) and Ledger (manageable with Ledger Live and TronWallet interfaces on desktop) wallets. In addition, we can recommend Exodus wallet, available for both desktop and mobile devices. There you can exchange TRX right in the app with ChangeHero.

Future prospects of TRX

TRON 4.0 launch

In the nearest future, more precisely, on July 7, a new iteration of TRON, the phase called Great Journey, more commonly referred to as TRON 4.0, is supposed to roll out on the mainnet. It will introduce zk-SNARKs to the network, enabling additional opt-in privacy features. zkSNARKs are a core feature of “privacy coins” like Zcash that lets the users hide select information about a transaction, for example, the amount of money sent or the addresses, from anyone other than the transaction participants. The TRON implementation of zk-SNARKs, however, will work more like a transaction shield rather than an innate feature, to address compliance concerns.

Other features that are going to be included in the upgrade are faster block confirmation, customization for enterprises and cross-chain confirmation.

The news is already having the influence on the TRX price, making it go up by 6%.

TRON in Social Networks

TRON is arguably the most well-presented cryptocurrency across different language groups and regions. TRON community runs Telegram groups for English, Chinese, Japanese, Korean, Russian, Spanish, Arabic and Farsi speakers and Twitter accounts with news and updates in English, Chinese, Korean, Spanish, Russian, Japanese and Arabic languages. They have accounts on internationally used social media platforms like Instagram, Facebook and LinkedIn and the social networks with strong regional communities: LINE, Kakao, VK.

Tron CEO, Justin Sun meeting with Warren Buffett
Source: Twitter

Obviously, the first follow you should make if you are interested in TRON is Justin Sun. No new implementation to TRON or a milestone goes without being mentioned in his account. Earlier this year, Sun finally was able to meet with Warren Buffet for the lunch that he won in a charity auction. Sun described the event in great detail in the TRON blog post linked in the tweet.

Tron SR, @CryptoGuyInZa about the proposal 38
Source: Twitter

One of the SRs, @CryptoGuyInZA, reported a successful vote on proposal 38 in favor of reducing the total energy limit in the TRON network. Slashing the free energy limit available to the network will increase the TRX burn rate and the amount of TRX locked in the system and staked for voting.

Misha Lederman tweeting about the Tron 4.0 and implementation of Zero-knowledge proof for increased privacy
Source: Twitter

With TRON 4.0 just around the corner, this tweet looks like some casual information. However, it was actually made in late 2018. A year and a half later, we will finally see how this will affect the user adoption and price of the TRON’s native coin with our own eyes.

To Wrap Things Up

TRON sceptics might scorn it for the audacity to market itself but the truth is, without it it wouldn’t be as successful and popular as it is now. TRON and its community are sure active on social media, and the development is moving on to the next large upgrade in a few weeks. It might be the price surge (or the lack of it), the new iteration of the network or some developments in the community — but TRON will definitely make the news soon, and we all better watch out for them.

A friendly reminder: you can exchange TRON with other cryptocurrencies on ChangeHero. Top up your TRX supply with fiat or crypto at the best rates on the market without any hassles!

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Author: changehero
June 24, 2020

Ripple epitomizes the potential that cryptocurrencies have in transforming finance and economy. It is quite hard to believe that while the society experiences exponential growth in the digital era, finance, one of the most essential stalwarts or daily life, is sorely lagging behind. While some projects ambitiously aim for remaking finance as we know it, […]

What is Ripple and XRP by ChangeHero

Ripple epitomizes the potential that cryptocurrencies have in transforming finance and economy. It is quite hard to believe that while the society experiences exponential growth in the digital era, finance, one of the most essential stalwarts or daily life, is sorely lagging behind. While some projects ambitiously aim for remaking finance as we know it, Ripple’s mission is to assist the existing system with catching up to the times, and for that they’re using the power of cryptocurrencies. In this guide, ChangeHero will introduce Ripple and XRP and tell you all about the project in simple terms.

What is Ripple and XRP?

Ripple is a San-Francisco based financial enterprise that includes Ripple Labs, the developers of the technology behind the Ripple Network. Ripple is also used as an umbrella term for this network that encompasses all solutions developed by the company.

XRP is the network’s native currency, used as a currency-agnostic intermediary for on-demand liquidity (ODL) transactions. ODL’s main use case is cross-border payments and remittances, which otherwise take a few business days to be processed and have high fees associated with them.

How did Ripple start?

The development of what would become Ripple started in 2004, even before Bitcoin. Ryan Fugger developed RipplePay, a predecessor to XRP Ledger. The idea behind this technology was a peer-to-peer financial network that would replace banks, based on tracking debt through independent network participants who would confirm the validity of a transaction.

In 2011 and 2012, the initial team of OpenCoin, which would later be renamed to Ripple Labs, came together. Among them were Jed McCaleb, Arthur Britto, David Schwartz, Chris Larsen and Jessie Powell. McCaleb would later move on to MtGox and Stellar, Powell would go on to found Kraken, but at the time all of them started to build on what Fugger had developed.

XRP’s release happened in 2012. The currency was pre-mined and would never see addition to its 100 billion supply. 20 billion XRP were retained by the creator team, the rest was gifted to OpenCoin. By contemporary standards, OpenCoin scored a relatively small ventures budget, so to sustain long-term support of XRP Ledger and the company, this decision was made. Later, Ripple Labs would employ an escrow account, regulated by a smart contract which controls the circulation of XRP, to prevent any artificial manipulations on the market.

What is RippleNet?

For institutions, Ripple offers a network which gives them access to the features developed by the company, called RippleNet. RippleNet consists of network users, such as SMEs or small banks, that only send the funds across the network, and network participants that provide liquidity and sustain validators. RippleNet provides real-time settlement, instant messaging, on-demand liquidity, and secure and transparent value transfers.

For banks, being a part of RippleNet means the opportunity to provide real-time cross-border payments and remittances. Other partners on the finance transfer market include American Express and MoneyGram. Online platforms like goLance get improved international payments for their global talent marketplace.

What is XRP Ledger?

XRP Ledger, or XRPL, is the decentralized network on which the Ripple solutions are supposed to be implemented, though it is mostly required for On-Demand Liquidity.

There are no incentives to run a node, even a trusted one. Participating in the network as a trusted validator from Unique Node List, or UNL, comes with the participation in RippleNet, which is supposed to be a reward on its own. Ripple controls some of the nodes that participate in the consensus process, though they claim to deactivate some of them with inclusion of new independent trusted nodes as a part of their decentralization strategy.

Ripple uses XRPL mainly as an enterprise-focused solution but XRP Ledger can be put to use in other industries. Ripple developed the Xpring initiative to provide developers with the tools to build applications for XRPL that can be put to use in online shopping, gaming and media monetization.

How does Ripple and XRP work?

Ripple is geared toward use by financial institutions, such as banks, therefore instead of a trustless approach they build their entire network on trust. The list of trusted validator nodes which can participate in consensus voting is maintained by the community: contributors to XRP Ledger and Ripple Labs.

A standard remittance takes 3 to 5 business days and needs pre-funded accounts on both sides. In case a transfer involves currency conversion, banks and transfer providers can apply retail conversion rates, which are designed to yield profit to the bank at the expense of a customer. Even worse, when the receiving bank or provider does not own liquidity in the destination currency, they might involve an intermediary to convert it, which also applies their own fees, making the transfer even more costly.

Ripple
The information about a transaction is sent to trusted operators to confirm, which then additionally refers to other validators – hence the name of the technology. Source: Peter Grima on Flickr

How does XRP help process transactions faster and cheaper? By transferring value through a decentralized network that is available 24/7, the need for operating within business hours or time zone difference is alleviated. A transaction is cleared within seconds thanks to the unique consensus protocol — XRP Ledger Consensus Protocol, which sends the information about a transaction to trusted operators to confirm, which then additionally refers to other validators – hence the name of the technology. It can be done with a negligible fee that exists solely to prevent spam in the network. XRP is supposed to be the currency-agnostic liquidity source for the receiving side, so it wouldn’t need a prepaid account in the destination currency.

What makes XRP stand out?

As it was already mentioned, XRP is the native currency on XRP Ledger. To sum it up briefly, XRP is:

  • Pre-mined and released by a smart contract — cannot be mined or staked;
  • Deflationary — transaction fees are burned away. The actual current supply is already at 99,990,932,726 XRP.
  • Instant — the ledger close interval (the closest analogy to a block time) on average is 3 to 4 seconds, and a transaction is irrevocably broadcast to the rest of the network.

To be able to submit transactions to the network, a reserve is required. The base reserve at the moment is 20 XRP, and in some cases, for instance, to use additional services, an owner reserve of 5 XRP is required on top of that.

What are the downsides to Ripple and XRP?

Ripple and XRP receive a lot of criticism to this day, mainly for the dubious approach to distinguishing the relationship between the enterprise and technology. For instance, back in 2017 journalist and XRP apologist Cory Johnson comparing the relationship between Ripple and XRP with Chevron and oil, referring to them never making it but rather finding an application to it, had left the users scratching their heads, to put it lightly.

Ripple’s business model and XRPL’s network architecture also received criticism in the past. The fact that this project still goes strong for eight years already casts a shadow over the allegations of unsustainability of both structures.

What is XRP’s worth?

To be a means of value transfer, XRP would need to have value itself. Considering the investments into the ecosystem and the large circulating supply, a single XRP’s value comes up to fractions of a dollar.

XRP price chart from 2013 to 2020
Source: CoinMarketCap

For the most part of its lifetime, XRP cost much less than a single dollar. Before 2017, it rarely reached the levels of 3 or 4 pennies.  Most of the time after 2017 it changed hands at prices ranging from $0.10 to $0.50. On January 4, 2018, however it soared up to $3.87.

Today (at the time of writing) 1 XRP is worth $0.191437. There are 44,257,803,618 XRP in circulation and it ranks fourth by market capitalization ($8,472,601,345).

How to use XRP?

Where to store XRP

Just like any other cryptocurrency, XRP is supposed to be stored in a cryptocurrency wallet. Being a top-5 cryptocurrency, XRP is supported by most of the multi-currency wallets.

There are a few types of wallets, available on different platforms:

  • Cold storage wallets. Trezor is accessible by connecting the device to a desktop computer and CoolWallet S is a mobile hardware wallet;
  • Hot cross-platform wallets. These include Exodus and Magnum, for example. You can install Exodus applications for your desktop computer and on your mobile device. Magnum is available in browser and as an Android app, and can serve as an interface for interacting with hardware wallets.

In all of these you can use an in-app exchange function provided by ChangeHero integration.

Where to spend XRP

Technically, XRP was never designed to be a means for purchasing goods and services. Anyway, it is integrated into some crypto payment gateways like Coinpayments, Bidali and CoinGate, and some merchants accept it without any intermediaries. In the shops that accept XRP you can buy a custom graffiti merch, original paintings, hot sauce and crafted scented candles, to name a few options.

If you would like to put some XRP to use and only need to get it, ChangeHero is here to help to provide you with the best rates and user experience for your exchange to XRP. Give it a try now — you won’t even need an account.

What are the future prospects of Ripple and XRP?

In a recently announced CNBC’s Disruptors 50, Ripple ranks 28th. According to the entry, the company got there thanks to the potential of Ripple Network, as well as RippleNet’s extensiveness. With 300 partners on board with large names like American Express, Santander and MoneyGram, Ripple is acknowledged for its potential to innovate the financial sector, CNBC says.

Ripple standing in the 28th position in CNBC's Disruptors 50 list.
Source: Twitter

Earlier this year, there was news that Ripple might conduct an IPO of their own. After all, Ripple is a separate entity from XRP Ledger. Still there were concerns that it would mean loss of support for XRP from Ripple, but since February there were hardly any updates, if at all, so the anxiety was not so justified.

As for Ripple, they plan to continue their business expansion to deliver the global money transfers. And for the XRP to make it possible, some legal concerns, like its status as an asset, would have to be settled first.

XRP and Ripple on Social Networks

XRP has a supportive community on crypto Twitter who call themselves #XRPArmy. Recently, at least according to information from bitinfocharts.com, XRP hit a new ATH — this time, in Tweets with #XRP per day. Congratulations!

Recently, XRP saw an all-time high in the number of tweets posted per day.
Source: bitinfocharts.com

The last week was pretty good for XRP Army in terms of news: in addition to getting support from ex-Commodity Futures Trading Commission in its ongoing battle for the legal status of XRP, Ripple kept announcing new partnerships.

Brad Garlinghouse, CEO of Ripple envisions that sending money should be as easy as email.
Source: Twitter

PayID is supposed to unite global companies for the finance interoperability efforts. Ripple is joined by Wyre, Coil, BitGO, Crypto.com and Blockchain.com, and certainly has something to contribute to such a cause.

In the light of such developments, the bullish voices are as loud as ever.

In Conclusion

XRP is definitely a cryptocurrency worth keeping an eye on. 2020 might as well be the year when XRP gets back on its feet after a less than desirable performance in 2019, with the recent hopeful news and renewed vigor from the community. As for Ripple’s promise to innovate finance — as always, we will have to wait and see. Love it or hate it, XRP and Ripple are one of the most prominent figures in the crypto landscape.

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Author: changehero
June 18, 2020

CoolWallet S is one of the market’s few mobile hardware cryptocurrency wallets. It is as secure as a classic hardware wallet but also usable with a smartphone, making the use of wallet safe and fast. State-of-art technology ensures that even without a physical connection to the device, data transfer between the wallet and a smartphone […]

How to Exchange Cryptocurrency on CoolWallet with ChangeHero

CoolWallet S is one of the market’s few mobile hardware cryptocurrency wallets. It is as secure as a classic hardware wallet but also usable with a smartphone, making the use of wallet safe and fast. State-of-art technology ensures that even without a physical connection to the device, data transfer between the wallet and a smartphone is uncompromisable.

About the makers — CoolBitX

CoolBitX, the company behind the product, was established in 2014 in Taiwan. One of the causes to start the enterprise was the infamous Mt.Gox hack, which resulted in a loss of $450 million and the shutdown of a once the largest Bitcoin exchanges at that time.

Contemporary hardware wallets came in the form of USB drives, often not user-friendly, clunky and subject to supply-chain tampering. The first generation of CoolWallet devices was produced in 2015 and revolutionized the sector. However, it supported Bitcoin only by design, so having gotten the feedback from the satisfied owners of the first generation of CoolWallets, the team started working on the second.

About the product — CoolWallet S

CoolWallet S was ready for production in early 2018. Since then, they have sold and shipped over 150 thousand devices worldwide. This iteration of the product came with a rehauled and updated companion app (CoolBitX Crypto), as well as support for ETH and ERC-20 tokens, BCH, LTC, XLM, XRP, BNB and BUSD. 

To use the CoolWallet S, you would need an iOS/Android smartphone with Bluetooth. The companion apps let you access your funds, send and receive assets, as well as exchange them. It has a user-friendly interface with only the necessary information on display.

Since CoolWallet S is a hardware device, the seed is generated by it with the built-in chip. This information is not transferred anywhere but only accessed in a connection authorized by the user. In case a device gets lost, it’s advised to have a backup of a seed phrase written down and stored in a safe place. 

For additional security, CoolWallet S has the option to enable 2FA through the CoolBitX Crypto app. One of the arguments against Bluetooth connection safety is that it might be compromisable given the range. CoolWallet S requires a user to have physical contact with both of the devices, rather than the physical connection between the devices, which is more convenient. Last but not least, it is rather inconspicuous, having the appearance of a wafer-thin credit card.

With all this in mind, CoolWallet S is a solid recommendation for anyone that values functionality, security and the convenience a mobile hardware wallet can provide.

About the integration — how does it work with ChangeHero

How can you exchange your assets in CoolWallet S with ChangeHero and why is it safe? Let us walk you through it.

Choose a pair and provider: Go to the “Exchange” tab and tap “Start exchange”. We’re going to make a BTC to ETH swap at a fixed rate. In the providers section, choose “ChangeHero”.

Best rates on CoolWallet provided by ChangeHero

Check addresses: In the next step, choose an address of your wallet you would like to send the coins to exchange from (a BTC address here) and the incoming payment address (for ETH in our case). All of them are public addresses generated from your private key and are stored in the app.

Exchanging crypto on CoolWallet with ChangeHero

Confirm the details: Next, double-check the chosen pair, amounts, addresses and rates. You will have 10 minutes to confirm the transaction.

Payment confirmation on CoolWallet S

Send the funds: Only after you check and confirm the details, your wallet will be needed to make a transfer. ChangeHero does not store any funds of users, so for each exchange, a separate transfer is needed. Confirm the sending by pressing the button on your CoolWallet.

Confirmation request on CoolWallet S

Success: And there you have it! Now we’ll take care of the exchange and send the result to your CoolWallet S almost instantly.

Exchange successful screen on CoolWallet S

If you would ever want to stack some more assets on your CoolWallet S or cash out, we encourage you to check ChangeHero’s buy and sell options out on our website! Just like exchanging, you can buy or sell BTC, ETH, BCH, OKB or USDT easily, quickly and at the best prices.

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Author: changehero
June 17, 2020

Ethereum sparked a lot of innovation in the sector: ICOs and tokens, stablecoins, DEXs and dApps. Like Bitcoin, it inspired a lot of alternative chains that promise to improve on it, but Ethereum remains a standard for the blockchain-powered platforms.

What is Ethereum? A Beginner's Guide by ChangeHero

Ethereum started the second generation of blockchains, expanding on the capabilities of the technology greatly and introducing tons of new concepts into the industry. Today it’s hard to imagine the market without Ethereum and other currencies that exist because of it. In this article, ChangeHero team is going to answer all your questions about the most popular altcoin.

What is Ethereum?

In simple terms, Ethereum is a blockchain which has the functionality of smart contracts. They are compiled in Ethereum Virtual Machine (EVM) and executed on the blockchain. As for their function, smart contracts are the scripts or programs that run only if all the conditions stated in its code are met. Smart contracts let a robust variety of features such as tokens, dApps and prediction markets exist on the Ethereum platform.

Ethereum logo
Source: Ethereum

The nodes that perform the computations are rewarded with a block reward of 2 ETH and the gas fees. Unlike transaction fees in Bitcoin, you pay gas for everything recorded in the blockchain, including contract calls.

How was Ethereum created?

The idea of Ethereum was first presented in January 2014 in the whitepaper by Vitalik Buterin. Before that, he was looking into the solutions for creating applications on the Bitcoin blockchain. Ultimately, he came to the conclusion that it’s fundamentally limited, having nothing like backwards scanning or complicated scripts. A new platform would need to be built with a scripting language from the ground up.

Although Vitalik Buterin is often considered to be the face and voice of the project, he is not the only founder. Ethereum wouldn’t happen without Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. In early 2014 they finished figuring out the basics laid out by Buterin, and decided to crowdsale the launch. The Ethereum Foundation, responsible for the ongoing development, would be established with 31 thousand Bitcoin raised.

What has Ethereum made possible?

Stablecoins

Stablecoins are the tokens that are pegged to the value of another asset, for example, commodity or a fiat currency. Some stablecoins are more centralized and have treasuries, others rely on algorithms.

Technically, stablecoin technology and principles do not require them to be built exclusively on Ethereum. Nevertheless, the most popular stablecoins like Tether and DAI chose the Ethereum network for optimal security.

Blockchain Gaming

Gaming on blockchain is decentralized, censorship-resistant and has consistent uptime. The last two are especially important, since with centralized providers, like game publishers and stores, your purchases generally do not belong to you, and the servers need to go down for maintenance.

In addition, blockchain games allow for tokenization of collectibles and trading on in-game marketplaces. Other players like yourself create a unique local economy within the game with the help of these platforms.

Ethereum is one of the most popular platforms to build on, purely for its security and proven functionality. The games built on Ethereum include Decentraland, Gods Unchained and, of course, CryptoKitties. It is not dominating by a wide margin, since in practice, the transaction throughput is better on Layer-two solutions.

Decentralized Finance

Arguably the most important and potentially impactful application of Ethereum platform and smart contracts is for decentralized finance, or DeFi. In comparison to traditional banking, it is uncensorable, accessible, open and self-sovereign.

DeFi applications include asset management and issuance apps, alternative savings (like Dharma or Linen.app), decentralized exchanges like Uniswap, oracles, prediction markets, DAO, insurance and lending, among other things.

Some of DeFi applications on Ethereum have projects with networks of their own. The oracle network ChainLink verifies and transfers any data on-chain, providing communication between smart contracts and real world. Prediction market Augur puts the future price betting on the blockchain, making it fair by incentivizing honest behavior. Plasma-powered decentralized exchange solution OMG Network’s mission is to provide accessible and fast financial services to anyone with Internet access. These tokens power their own ecosystems but at the same time work thanks to Ethereum.

What dApps on Ethereum are popular?

AppWhat it isUsers
OpenSeaP2P marketplace for collectibles and NFTs25.55k
UniswapDecentralized exchange (DEX), powered by an automated market maker (AMM17.75k
Polygon BridgeContract for ETH–MATIC–ETH transfers1.4k
Ethereum Name Service (ENS)Domain name service for Ethereum addresses (.eth)1.05k
MirandusFantasy multiplayer game by GalaGames156
OwlDAOPlatform for users to build their own casinos and GameFi tokens11
CryptoPunksDigital collectible avatars56
StepMove-to-Earn project, possibly fashioned after STEPN4
Source: DAppRadar

As we can see, the most popular and used categories are exchanges and DeFi. Games and social apps on the Ethereum blockchain are not as populated as the same apps on other chains and Ethereum Layer-2s.

How are Bitcoin and Ethereum different?

Ethereum is a second-generation blockchain to the first one represented by Bitcoin. Its versatility, in comparison to the first cryptocurrency, is vastly superior. However, how does Ethereum do its job of transacting currency?

In Bitcoin, each new block takes 10 minutes (target block time), so a transaction needs around the same time for acknowledgment. There is an artificial limit at 7 transactions per second to decrease the chances of double-spending. Bitcoin is slow but once the record is on the chain, there is no changing it.

Ethereum is much faster in comparison, with a block target time of only 15 seconds. This increases the throughput of the network to 15 transactions per second, which also accounts for smart contract execution in addition to money transfers.

Bitcoin’s blocks have a 1 MB memory cap, and Ethereum’s have a block gas cap. Since gas depends on how many lines of code a node has to execute, a maximum limit of processing for one block is 10 million Gwei.

Ethereum and Bitcoin transactions per day
Source: bitinfocharts.com

Since a “transaction” in Ethereum is only value transfer, on average there are more transactions than in Bitcoin. Ethereum transactions are hitting almost 1 million a day, while in Bitcoin this figure is closer to 300 thousand.

Number of unique (from) addresses per day in Ethereum and Bitcoin
Source: bitinfocharts.com

Nevertheless, the number of unique addresses, another important metric for chain activity analysis, shows better results for Bitcoin than Ethereum. ETH addresses overtake BTC only occasionally.

How much is ETH worth?

Ether (ETH) is the native currency in the Ethereum network , though it is most often referred to as Ethereum, like the platform. At the time, Ether is issued through mining and its value comes from enabling transactions and smart contract execution.

Gas is very similar to transaction fees in other currencies, but all computations performed by nodes charge it. It is fully customizable, but usually there is no need to set it for more than needed. Gas is the reason ETH was so popular in 2017 and 2018, when the ICOs were all the rage, and it certainly contributes to the popularity of Ethereum today, since the most used stablecoins are ERC-20 tokens.

Source: CoinMarketCap

Bitcoin undoubtedly dominates the crypto market, but Ethereum also takes up a considerable chunk of it. Today, Ethereum holds about 19% of the whole market cap of crypto.

In 2017, the Ethereum price skyrocketed from $10 to $380 over a couple of months when the first smart contracts for enterprise were ready. Decentralized exchanges, blockchain games and stablecoins all contributed to that. On January 13, 2018, Ether price hit a cycle high of $1,432.88. In the years that followed, ETH went to a low around $90 to fly to the current ATH: $4,891.70 on November 16, 2021.

At the moment of writing, a single ETH is worth $1,684.26 according to CoinMarketCap. For more detailed price history, you can check out our Ethereum Price Prediction.

How to put ETH to use?

Ether coins
Source: Quote Catalog

Buy Ethereum

Since it is second only to Bitcoin, almost every crypto and hybrid exchange has ETH pairs. To buy ETH on an exchange, a user would have to make an account and have it approved first, then make a purchase, then withdraw. To circumvent this somewhat complicated process, on ChangeHero, you can buy Ether after a quick verification, and the whole process will not take more than 15 minutes. Have we mentioned it works both ways, so you can sell it as well? And if you already own other cryptocurrencies, you can use them to purchase ETH even faster and with no registration at all with instant swaps provided by ChangeHero.

Ethereum Wallets

Unique to Ethereum are smart contract wallets. In these apps you can do things that are not normally possible on other blockchains: recover funds, set fraud alerts and limit withdrawals. Wallets like this include Gnosis Safe, Argent and Authereum. The obvious drawback is that these wallets work with Ethereum only, so you can only store ETH and ERC-standard tokens there.

Most multi-currency wallets support Ethereum. For hot storage we recommend Exodus and for cold storage, you can pick Trezor or CoolWallet S, because in these you can exchange cryptocurrencies with ChangeHero as easily as on the website but without leaving the app.

Spend Ethereum

In addition to utilizing ETH in the Ethereum ecosystem’s apps, you can purchase goods and services in any shop or with any merchant that accepts ETH or has a payment gateway installed. It doesn’t have to be an online shop or platform, since there are lots of real-life shops and hotels that accept such payments. Roughly half of all merchants that accept cryptocurrencies support Ether payments. The full list can be found here.

What is the Merge? What Happened to Ethereum 2.0?

Previously known as Ethereum 2.0, The Merge is a process of transition to the Proof-of-Stake algorithm. While the immediate change will see mining become obsolete, the Merge will also set the ground for updates like sharding on the main chain.

PoS will make the Ethereum network more secure and sustainable. The increased security comes from increased responsibility for running a validator node. To claim one, 32 ETH (~$7,418) need to be locked into the system, and in case a node deviates from expected behavior, the rewards get slashed in part or entirely. However, running a validator node and sustaining it is a dependable source of passive income in the form of validation rewards, so this model will attract even more investors.

The Ethereum Foundation retired the “Ethereum 2.0” term in 2022. The previous wording implied that two networks would coexist, like it has been the case with Beacon Chain. The official sources put The Merge date in Q3/Q4 2022, and unofficially it is expected to happen as soon as on September 19.

Is anything wrong with Ethereum?

Of course, Ethereum is far from being a perfect technology. There are adaptability concerns, already mentioned scalability problems, some critique addresses even security issues.

Decentralization and community governance, as well as rigidness of the blockchain structure makes adaptability a huge issue for Ethereum. In the 2016 DAO hack, when a hacker exploited a smart contract vulnerability to drain millions of ETH from the account that was supposed to become a venture fund for development on Ethereum, the damage could have been prevented by a hotfix. Of course, singlehanded issuance of changes to the network was not possible in this case. In addition, an attempt to write this case out of the history of Ethereum to return the stolen funds caused a schism in the community.

Then there is scalability. The gas limit which has already been increased in September 2019, is being put to test again under the pressure from stablecoins and dApps running on Ethereum. Definitive solutions like sharding are left for the community to solve with layer-two networks.

This guide by the Ethereum Foundation describes the best practices to avoid known attacks, but there is a lot more potential for exploitation with the new kinds of code being developed for Ethereum every day. And, like we already said, there would be no quick way to fix a smart contract due to it being executed on the blockchain.

Ethereum Talk on Twitter

As the DAO Maker team put it, with ETH price action cooling down, gas fees are viable again. Ethereum’s competition will have to offer more than cheap transactions to keep up.
Confused about all the token standards of Ethereum? User Haym Solomon is here to help with an infographic.
Happy belated anniversary to Ethereum! The project was launched seven years ago in Berlin, Germany.

Conclusion

Ethereum sparked a lot of innovation in the sector: ICOs and tokens, stablecoins, DEXs and dApps. Like Bitcoin, it inspired a lot of alternative chains that promise to improve on it, but Ethereum remains a standard for the blockchain-powered platforms.

The development of Ethereum looks very promising, and it is a sound asset even now. So if you would like to get some Ether, you can do it on ChangeHero, both with other cryptos or fiat currencies. Check our service out to see for yourself — it’s easy, hassle-free, safe and lightning fast!

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Author: changehero
June 16, 2020

Today is very exciting for us because we welcome a very special partner to our roster. We are glad to announce that CoolBitX has integrated ChangeHero into their CoolWallet S companion application, CoolBitX Crypto. CoolWallet S is the leading mobile hardware wallet, renowned for its innovation and reliability. How we collaborate For the convenient and […]

CoolWallet integrated ChangeHero Exchange

Today is very exciting for us because we welcome a very special partner to our roster. We are glad to announce that CoolBitX has integrated ChangeHero into their CoolWallet S companion application, CoolBitX Crypto. CoolWallet S is the leading mobile hardware wallet, renowned for its innovation and reliability.

How we collaborate

For the convenient and top-notch safe way to store crypto assets that CoolWallet S is, we bring a swift and secure option to swap the coins and tokens. ChangeHero is integrated in the app seamlessly, so you would not have to worry about signing up or leaving it. Swaps take mere minutes, be it BTC, ETH, BCH, LTC or other coin/token. And naturally, the storing is done with your CoolWallet S — ChangeHero is a non-custodial service — so your assets are always safe.

We’re proud to be working with CoolBitX and are thrilled to help the crypto space develop together.

About CoolWallet: 

Released in 2018, CoolWallet S is a credit card-sized Bluetooth hardware wallet that offers next-level security for your cryptocurrency. The app is supported on Android/iOS mobile devices, and the wallet can store most popular cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin and ERC-20 tokens.

About ChangeHero:

ChangeHero is one of the most reliable non-custodial instant cryptocurrency exchanges. We adhere to the customer-first policy and aim to deliver the most convenient, frictionless and easiest exchange experience. You can exchange crypto-to-crypto without any sign-ups or logins. Also, we process exchanges at zero confirmations which makes us one of the fastest crypto exchanges. We provide the best rates available in the market with the lowest fees. Our customer support is available round the clock to assist you in every way possible.

Subscribe to ChangeHero Blog for more of such interesting content. Follow us on TwitterFacebookReddit, Telegram and be the first to get notified.


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Author: changehero
June 15, 2020

“Dash is digital cash” — that’s how the official slogan goes. This coin has one of the highest degrees of commercial use for a reason. With that in mind, can it become a contender for a place in the top of cryptocurrencies? Check out our and other experts’ Dash price prediction 2021–2030 to find out. […]

Dash Price Prediction 2021, 2025 and 2030

“Dash is digital cash” — that’s how the official slogan goes. This coin has one of the highest degrees of commercial use for a reason. With that in mind, can it become a contender for a place in the top of cryptocurrencies? Check out our and other experts’ Dash price prediction 2021–2030 to find out.

Dash Price Prediction 2021–2030

[table id=32 /]

  • Each Dash price prediction 2021 is different on whether the year will be bullish or bearish. Some predict a retrace to $70–90, some say that it can beat the yearly high of $445;
  • In the next few years, the bull run can repeat but it may or may not reach the current price record;
  • In 2025 and even 2030, the price range predicted by experts is so wide because no one is yet sure which degree of adoption DASH will reach.

What is Dash?

Dash logo
Source: Dash

Dash is a UTXO cryptocurrency based on Bitcoin with additional features for privacy and quick settlement. In addition, Dash has a more sophisticated network structure with two layers of transaction validation and governance.
Its main purpose is to be used as a digital alternative to cash for quick payments. For more facts about the coin and the tech behind it you can refer to ChangeHero’s beginner’s guide on Dash.

DASH Price History

2014–2016

DASH price in 2014 -2016
Source: CoinMarketCap

Dash, back in 2014 known as X-coin, started its venture on the market at a point of $0.213899. Within the first few hours of launch, about 2 million coins entered circulation on the first day because of an “instamine”.
Two weeks later, X-coin was renamed to Darkcoin. Incidentally, in mid-2014, due to the popularity, Darkcoin pumped to over $11. After the first price spike, the coin depreciated to $2–4 and the range continued into 2015.
In March 2015 Darkcoin was rebranded to Dash. 2016 was an even better year for Dash, which scored an approximate 250% increase over the twelve months (opening at $3.33 and closing at $11.21).

2017–2019

DASH Price History 2017–2019
Source: CoinMarketCap

In early 2017 the popularity of Dash took it to the third rank by market capitalization and the price increased by almost 100% to $52. By the end of 2017, Dash scored an all-time high of $1,642.22 on December, 20.
After such a surge, though, the correction was, as expected, quite tough. Half a year later, in mid-2018, the price returned to $280 and kept declining. 2018 closed at a price of only $80 per 1 DASH.
By July, 2019, amid crypto-winter, Dash somewhat solidified its position to above $110, only to sink lower to $40 in December, 2019.

2020–2021

DASH Price in 2020–2021
Source: CoinMarketCap

The start of 2020 was a great time for Dash price until the crash in March. In a moderate bullish action over the next months, Dash rose to $90 in August and closed the year at $100.
During the bull run in 2021, DASH got to a local high of $443.11. At the moment of writing, one DASH is worth $131.30 and ranks 63rd by market cap.

What Can Influence the Price?

Development

Dash development has slowed down somewhat. According to the team’s roadmap, they are focusing on DashPay and Dash Platform.
DashPay is a payment service similar to popular apps like Venmo and PayPal. Dash Platform is a smart contract compatible platform for developing decentralized applications.
Both of these new features fundamentally transform the network and have the potential to increase the Dash user base dramatically.
To help DeFi on Dash grow further, developers have rolled out a bridge with Ethereum in March. With it, DASH holders can stake and yield farm with the help of protocols on Ethereum. The DASH news made the token grow by 74%.

Adoption

In 2020, Dash scored record volumes in both trading and commercial use. It grew to over $37.4 million and $916 million respectively.
Merchant adoption was helped by the partnerships with US-based CrayPay, Austrian A1 Payment and especially ATAR Pay in Latin America. LATAM is one of the regions with the highest degree of adoption of Dash.

Privacy

In 2019, Dash pairs were unlisted from Upbit, CEX.io and OKEx Korea for regulatory reasons. Despite the delistings, the trading volumes kept increasing because the same year Dash pairs were listed on Coinbase, Binance.US and Bittrex.
The ability to opt-in and out of private transactions available in Dash makes it more attractive to a wider audience.

#DASH On Twitter


The official account of Dash Core Group shares updates, news and the best of the community’s content. Today they advise the followers to watch some educational videos from tech journalist Naomi Brockwell.


Trader Sheldon The Sniper suggests that according to the chart, DASH is about to break out from the accumulation zone.


Crypto educator Fernando Guiterrez summed up Dash in a thread. Of course, five tweets are not enough!

DASH Price Prediction 2021

BraveNewCoin Dash Price Prediction 2021: $70–90

Technical analyst Josh Olszewicz predicts a bearish scenario for Dash in the near future. After declining from an overbought area and 5x, it is very likely to retrace to a $70–90 support.
Dash against BTC or ETH is not looking very hot either. As he says, a narrative around the coin could have helped to outperform those but no one seems to talk about it.

PrimeXBT Dash Price Prediction 2021: $445

Dash Price Prediction 2021
Source: Prime XBT

In this analysis, Prime XBT confirms the formation of a double bottom pattern. However, in 2021 the DASH price will be consolidating the resistance of $445.

Longforecast DASH Price Prediction 2021: $85–147

In the Longforecast data projections, it is predicted that in the summer the price is going to be decreasing. However, by the end of the year, it is expected to recover to $116.

DASH Crypto Price Predictions 2022–2024

Longforecast Dash Prediction 2022: $114–165

From 2022 on, Dash will see an uptrend again. In the lowest points in January and July it will be worth $114–116 and in August and November peaks at $165 and $162 respectively.

WalletInvestor Dash Crypto Price Prediction 2023: $260–864

In this 2023 forecast, on average, Dash will be worth somewhere between $260 and $415. The upper range which it can reach that year varies between $504 and $864.

Gov.Capital Dash Crypto Price Prediction 2024: $523.84–848.71

In the continuing bullish trend, according to Gov.Capital, DASH price will continue growing in 2024. The year is expected to open with an average price of $523.84 and close at $848.71.

Dash Price Prediction 2025

CaptainAltcoin Prediction: $160,000 for 1 DASH

Let’s have some positive forecasts for a change. Phillipp Traugott of Captain Altcoin predicts that if Dash up the development and survives regulatory scrutiny, it can hit a price as high as hundred times its current ATH. 
How much is that? $160,000 USD. Sounds a bit too hopeful but who knows what will happen in the next five years?

DigitalCoin Dash Crypto Price Prediction: $391.26

A much more believable price prediction is provided by DigitalCoin’s historical data projections. According to their forecast, in the next five years Dash will see a boost of up to 250% from the current price.
The lowest monthly average of September will be equal to $327.82, which is already not too bad! The months when bulls will be the most active are predicted to be January and March. During that time, the Dash price might go as high as $458.42.

CryptoNewsZ Dash Price Prediction: $850

Without failing to mention that in almost five years the market can change dramatically, the CryptoNewsZ team believes in the breakthrough of Dash. If it manages to become adopted in the mainstream market, in 2025 it can be worth up to $850.

DASH Price Prediction 2030

CoinPriceForecast: $440–461

According to this long-term Dash price prediction, in exactly ten years it will get somewhat close to hitting $500. By the end of the year, DASH will grow from $440 to $461.

BTYNews: $27,952.78

Authors of this outlet claim to base their analysis on the coin’s price volatility, market fluctuation and the potential to disrupt the market. Taking these metrics for Dash into account, they get a whopping $27,952.78. 
Not as unrealistic as some other price predictions we cited, but still quite hard to believe. Then again, if Bitcoin is predicted to be worth almost a million dollars at that time, maybe it is not too far-fetched.

ChangeHero’s Dash Crypto Price Prediction

Dash has a very approachable use case that can help attract investors. Its development is going strong, and the ability to customize transacting makes the coin attractive to a wider audience of users. As long as the project is sustained and the adoption grows, Dash can certainly hit new all-time highs as soon as within the next few years.
Interested in how to get DASH easy and without creating an account? You can do it on ChangeHero in five easy steps:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your DASH are on the way to your wallet. 

Conclusion

Dash strives to become the digital cash and builds on the premise. The coin has somewhat drifted away from the spotlight but you never know when it makes a comeback.
If you have any thoughts to share about these forecasts, let us know in the comments! Follow the conversation on Twitter, Facebook, in Telegram or on our subreddit!

Frequently Asked Questions

What is DASH crypto used for?

Its primary use case is to be a digital version of cash, which it achieves with almost instantaneous transaction finality. Moreover, it can also be used in DeFi thanks to the bridge to Ethereum.

How to buy DASH?

You can make a quick and easy Dash coin exchange with ChangeHero. On our website you can exchange a wide range of coins and tokens for DASH at a best or fixed rate. It’s quick, easy and does not require any sign-ups or logins:

  1. Choose a cryptocurrency pair, rate and amounts. Provide a DASH address in the next step;
  2. Read and accept Terms of Use and KYC/AML Policy. Double-check the transaction details;
  3. Send in a single transaction the cryptocurrency you will be exchanging for DASH.

What is the future of Dash crypto?

Most long-term predictions are of the opinion that Dash will find more adoption in the commercial sector and increase in price.

What will DASH be worth in 2025?

Experts give predictions that DASH in 2025 will be worth anywhere between $327.82 and $160,000.

What will DASH be worth in 2021?

Experts give predictions that DASH in 2021 will be worth anywhere between $70 and $445.

What will DASH be worth in 2030?

Experts give predictions that DASH in 2030 will be worth anywhere between $440 and $27,952.78.


Disclaimer

This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

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Author: changehero
June 3, 2020

The community members often call DigiByte a sleeping giant, appealing to its solid tech, versatile applications and fair ethos. Therefore, it is only a matter of time when it will take the crypto market by storm and see its value reach new heights, and some say its recent price performance is the first sign of […]

DigiByte Price Prediction 2020, 2025, 2030

The community members often call DigiByte a sleeping giant, appealing to its solid tech, versatile applications and fair ethos. Therefore, it is only a matter of time when it will take the crypto market by storm and see its value reach new heights, and some say its recent price performance is the first sign of it. Its future price movement is a hot topic right now, so we brought you DigiByte price prediction for 2020 and some forecasts for the future!

What is DigiByte

DigiByte (DGB) is a UTXO cryptocurrency that was launched in 2014. Its main features are faster block times and higher transactional capacity than in other UTXO coins. 

DigiByte is focused on security, so their mining algorithm involves methods for different hardware and hashing algorithms for maximum decentralization. In total, there are five mining algorithms that are weighed equally, so any of them can be used effectively. As a result, the network can be sustained by more miners, which means higher hash-rates and fewer chances of custom hardware or a 51% attack.

DigiByte is renowned for its community, since this is a project running entirely on voluntary effort. Despite not being in the top for market capitalization, this is a long-standing project that continues to thrive. You can read a Beginner’s Guide our team published for more details about the coin’s technology and why it is succeeding.

DigiByte Price History

DGB Price from 2014 to 2017

DigiByte price between 2014 to 2017
Source: CoinMarketCap

DigiByte was launched without any promotional campaign or an ICO — Jared Tate wanted it to happen in the same way that it was with Bitcoin. The project sacrificed the promise of initial performance for the ideals of a transparent and fair currency. An all-time low was recorded almost a year after the launch, $0.00002 on December 20, 2014.

In March 2015, DGB was listed on Poloniex, which helped break the decline in price. Later in the same year, following the trend in Bitcoin, DigiByte’s price rose even more, up to $0.000522.

In 2016, the next significant spike in the price took place. This could be connected with Microsoft nominating DigiByte for BizSpark and Azure initiatives as a promising start-up. It made the coin’s price reach more than $0.0004 for a short period of time, which is still an improvement in the context of the overall performance of Digibyte at that time. The real value was about to hit the DGB market a few years later.

DGB price between 2017 and 2019

DigiByte price performance in the years 2017, 2018 and 2019
Source: CoinMarketCap

2017 and 2018 were the times of great volatility for DigiByte. In June 2017, an announcement was teased by the official account and the hype around it drove the price up ninety-fold. In the end it turned out to be a run-of-the-mill update of the blockchain and the official wallet. Another spike happened in December, 2017, after John McAffee tweeted about DGB. This price spike was happening with the market-wide surge following the Bitcoin, so this would have happened regardless. 

Soon after, on January 7, 2018, DigiByte reached its ATH: $0.142889. But after that, a market-wide correction occurred, and the price was declining steadily. DigiByte, along with the majority of altcoins, suffered a substantial (-85.3%) loss from the crazy start to that year.

The Crypto Winter of 2019 hit DigiByte quite hard. As a result of it, the price has entered a downtrend that lasted for years. The opening price of DigiByte in 2019 was around one cent, and in that year it kept negative overall price performance.

DigiByte Price in 2020

DigiByte Price in 2020
Source: CoinMarketCap

In early 2020, the downtrend was continuing, and the lowest point of it happened right after the March 2020 market crash, when a single DGB dipped to only $0.002532. But from then on, the price movements have become reassuring, to say the least, with the coin price skyrocketing in April.

DigiByte sure made some buzz this spring, breaking the downtrend so spectacularly. Over the past 90 days, it has seen an increase of almost 1000%, in a swing from $0.002532 to $0.026587. But right now there is a correction happening, and the current price of DGB (at the time of writing) is $0.017960. It’s worth noting how the bulls are succeeding in keeping the price at a rather high level even in the light of it.

CryptoRating experts say that this bullish rally that defied the market trends was healthy since it had had substantial buildup. The same is said by the DigiByte supporters such as Rudy Bouwman, although their reasoning is that the coin is finally getting the recognition it deserves.

What Could Influence DGB’s Price

Here’s a few facts that can make DigiByte a safe long-term investment, in our opinion.

Partnerships

DigiByte was envisioned as a platform that improves on the blockchain and cryptocurrency technologies first. For projects like these, having a user base, the larger the better, is vital to the use case. Building on the platform and using the applications on it can cause an influx of investment coming into the ecosystem and the currency’s market capitalization, hence the possible impact on the price.

Recently, DigiByte announced new strategic partnerships. Among them are ThreeFold and SafeHaven, both are projects that are aligned with DigiByte and can mean extended functionality of the platform. ThreeFold is a peer-to-peer Internet grid initiative, and SafeHaven is a project that devises solutions for digital assets and documents.

Development

In the recent development news, the team is delivering on some of the planned improvements they have in their pipeline. For example, an official iOS application with DigiAssets support was tested just a few days ago and will soon be ready for the launch. Considering that this all is done by volunteers, this is promising.

At the beginning of May, DigiByte Foundation has submitted a call for developers that can contribute to the project on Twitter. Along with it, they provided an updated version of their pipeline for the currency: it includes new functions for DigiAssets, Schnorr signatures, ProgPoW and RandomX, Lightning Network, resources and SDKs for developers.

Healthy and active development means that the coin is nowhere near dead yet, in fact, it continues to thrive.

Adoption Action

In an interview with a DigiByte ambassador Josiah Spackman, YouTuber Hasshoshi discussed what is in store for DigiByte and its platform. Dutch government-run Appathon-winning application Covid-19 Alert uses DigiByte solutions to encrypt users’ data. The key to adoption, as he says, is to promote working solutions first, because not everyone wants to know how it works in detail.

The collaborations, such as the one with Alternative Airlines, with which users can purchase airplane tickets with altcoins, including DGB, is an obvious advantage that will surely increase the scope of DGB uses. According to Cryptwerk, the amount of shops and merchants that accept DGB is increasing each month. In May, there were 380 companies that accepted DGB registered on that site.

In addition, earlier this year, Jared Tate, who is a former U.S. Senate Page, attended the Congressional Blockchain Caucus on behalf of the DigiByte Foundation and the crypto community as a whole, to promote the technology to the Senate representatives. This was a significant move for the entire sphere because healthy and informed regulation can foster the wide adoption the market needs.

#digibyte on Twitter: Predictions and Discussion

Trader @JayChiew88 hinting that DGB would hit all time high in the near future
Source: Twitter

Trader @JayChiew88 usually gives advice about various cryptocurrencies, but recent price movements of DGB have caught his attention. He speculates that the price will test the all-time high level as soon as in a couple of weeks (Note: current ATH was recorded on 07/01/18 and was $0.142889).

CEO of EGW Capital, Rahul Kumar announced his willingness to contribute to the adoption of DigiByte adoption in India
Source: Twitter

@rahulegw is the CEO of EGW Capital, a crypto bank, who recently announced his contribution into increasing the adoption of DGB: he plans to introduce a point-of-sale system to India, a huge market with a rapidly increasing presence in technology. Needless to say, this tweet made waves across the crypto Twitter.

Crypto influencer @girlgone_crypto tweeting about DGB
Source: Twitter

DigiByte has also been receiving attention from outside of its community, namely, @girlgone_crypto has voiced her interest and support of the project.

DigiByte Price Prediction for 2020

TradingBeasts DGB Price Prediction: $0.019 for 1 DGB

TradingBeasts gives a positive evaluation for short-term investments in DigiByte. Their algorithm predicts that in December 2020, an average price of DGB will be $0.0192275, which is a 13.8% increase from the current price.

Coinnounce DGB Price Prediction: $0.03 by the end of 2020

An even more bullish prediction is given by a finance blog Coinnounce. Basing their opinion on other predictions, as well as the fact that DigiByte has a very strong technological foundation, authors come to the conclusion that by the end of 2020 we can see DGB rising to $0.03. Another reason for them to be so bullish is that the platform keeps developing, introducing new products and, as a consequence, new users to the ecosystem.

Captain Altcoin DGB Price Prediction: maximum of $0.01

In February, Julian Joseph Lehmann of Captain Altcoin gave a less hopeful prediction for DigiByte in 2020, which surprisingly did not come true! Many predictions end up being wrong, and this is par the course, but his reasoning should be taken into account.

He proves there is a very strong correlation between BTC and DGB prices and comes to the conclusion that a continuous rally is only possible if such a rally occurs with Bitcoin, which is a real possibility after the 2020 halving. In that case, Lehmann predicted, DGB price could end up twice as high as it was at the end of 2019 (which was around $0.0053). What he couldn’t have predicted, though, is that right now DGB is consistently being traded at a price well above that level.

WalletInvestor’s DGB Price Prediction: bearish with a pump to $0.017 in December

In WalletInvestor’s forecast at the time of writing, DGB’s average daily price will sink below 1 cent in August of 2020, and by September retest the past lows, being traded within the range of $0.0017–$0.0019 on average. In October, the price will establish itself at a level about $0.002, staying there until late December, when another price spike might occur and raise the level above $0.019, making the closing average price for 2020 $0.0171.

DigiByte Price Prediction for 2021

Gov.capital’s DigiByte Price Prediction for 2020–2021: $0.0088 to $0.042

DigiByte price prediction for 2021
Source: Gov.Capital

As seen on this graph, Gov.Capital prediction service also suggests that in late 2020 bears will overpower the bulls, but in January, 2021 the DGB price will surge again. At its highest, the price within a year from now will be $0.042 for a single DigiByte, which is more than a recent high ($0.026587) by 60%.

TradingBeasts DigiByte Price Prediction for 2021: $0.016–$0.023

As for the price within a year from now, TradingBeasts currently predict that on average in June 2021 DGB will be worth $0.0189283. The fluctuation is expected to take the DigiByte price anywhere between $0.0160890 and $0.0236603.

DGB Price Forecast in 2021–2024

Crypto Rating DigiByte Price Prediction: from $0.03 in 2021 to $0.19 in 2024

In the forecast by CryptoRating, algorithm assesses DigiByte to be a risky short-term investment, where short-term is understood as anything less than five years. Still, even after a couple of years, holders can get a return: The DGB price is said to gradually accumulate over the next few years: in 2021 it might reach $0.036608 on average, in 2022 it will rise to $0.058720, in 2023 DGB is forecast to be worth about $0.109170. In 2024 DGB’s average price will amount to $0.193092.

CryptoGround DigiByte Price Prediction: $0.0429 in 2022

A rising trend that can be seen in CryptoGround’s forecast might be similar in its consistency but it is far more modest. Their algorithm actually accounts for a possibility of DGB not doing too well in 2021: the price might see a negative change (-26.84%) in mid-2021. At the same time, it shows that DGB will not fall drastically within the next few years, so they claim that it is a safe long-term investment.

According to CryptoGround’s price prediction, in 2022 a single DGB will be worth about $0.0429. 

DigiByte Price Prediction for 2025

Crypto Rating DigiByte Price Forecast: up to $0.35

DigbiByte price prediction for 2025
Source: Crypto Rating

Continuing the trend that is described in the previous section, Crypto Rating’s DGB price forecast shows that the upward momentum will take the price to an average of $0.358196 within five years from 2020.

CryptoGround’s DigiByte Price Forecast: $0.0875

As CryptoGround analysis shows, DigiByte will perform better as a long-term investment, by which they mean that its worth in 5 years or more will increase significantly.

The projections that their algorithm uses show that DigiByte in 2025 might amount to $0.0875.

DigitalCoinPrice DGB Price Forecast for 2025: $0.0744–$0.0899

For a monthly breakdown so far in the future, DigitalCoinPrice uses only approximations of monthly averages. Still, they predict that 2025 will be a relatively calm year for DigiByte’s price: the lowest monthly average is forecast to happen in August ($0.07444440) and highest in March ($0.08997697). The closing price ($0.07651788 in December), though, is going to be lower than the opening  ($0.08671341 in January).

DGB Price Prediction for Future Years (up to 2030)

DigitalCoinPrice DigiByte Price Prediction: up to $1 after 2027

DigiByte price prediction for 2025 and beyond
Source: DigitalCoinPrice

When will DGB cost $1? According to this rather positive forecast, not too soon. The next “big” number, $0.08 mark, will go seldom tested until 2026, but the year will close with DGB worth $0.07629397 a unit. By suggesting the upward dynamic drawn on the chart above will be carried out further in the future, DigitalCoinPrice analysts conclude that a $1 mark can be met not earlier than in 2027.

DigiByte Price Prediction for 2030

There is not much information about any predictions for DigiByte ten years in the future. The project has been around for six years, but six years of market data is still not enough to project the price movements using historical or technical analysis. In the end of the day, given how even the most recent predictions were rendered obsolete by the global events, it’s understandable that there is no reliable way to estimate the price movements so far ahead in the future.

ChangeHero’s DigiByte Price Prediction

DigiByte, in our opinion, is a coin with strong technical foundation, great potential for use thanks to the expansion of its platform, and supportive healthy community. One of the possible reasons that holds DigiByte back from gaining its place in the spotlight is that investors do not see it as a means of value transfer and storage yet. But once the DigiByte platform gains wider use, this will surely change. In that case, it might eventually reach $0.1 or even dollar parity.

Don’t forget that you can swap your crypto for DigiByte with ChangeHero — we take care of all the technicalities and make the exchange easy and quick, with low fees.

As always, if you liked this article, let us know! And if you have some predictions of your own, feel free to engage with discussion on our blog, TwitterFacebookReddit, Telegram


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Disclaimer

This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. 

When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.