Dash (DASH)

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Dash (DASH) is a cryptocurrency and decentralized autonomous organization made by Evan Duffield in 2014. It is an altcoin forked from Bitcoin that allows fast, semi-private transactions through coin-mixing and semi-private payments that are settled in under 1 second. The project was launched to address 3 problems faced by regular cryptocurrencies such as Bitcoin which are: privacy, governance and transaction speed. 

Initially beginning its life as XCoin and later Darkcoin, the cryptocurrency had a long history of being associated with the “Dark Web” for illicit transactions. In order to combat this, the team decided to rebrand into DASH as a representation of Digital Cash. The cryptocurrency was originally known for its 2-tiered structure that allowed for fast transactions and coin mixing. The first tier is the regular blockchain, similar to Bitcoin or Litecoin, that allows miners to mine the network using the X11 Script which is 30% more efficient than the LTC mining script.

The miners receive 45% of the block reward and help to create blocks on the DASH network. The second tier is known as the Masternode tier. These Masternodes help to process instant pay transactions, the technology that allows users to send transactions in under a second. The Masternodes also facilitate coin mixing and vote on governance proposals. To own a Masternode, the user must lock away 1000 DASH into the node to secure it and they will receive 45% of the block reward. 

Another 10% of the block reward goes to development which is allocated through the DOA through the votes of the Masternodes. This DOA allows users to vote on proposals of which direction the blockchain will head toward.

In this tag you can discover Dash Coin (DASH) news, price prediction, opinion and analysis created by users.


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[ENG/ITA] 100 LEO Tokens Short From My End of the Year Goal | Being Curated is Now Harder?

15 Dec 2024 5 minute read 0 comments Arc7icWolf

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INLEO and Dash Partner for Seamless Social Media Cryptocurrency Earnings

29 Nov 2024 2 minute read 0 comments Mike Ermolaev

In a groundbreaking partnership between three blockchain projects, INLEO, a premier microblogging social media platform built on the Hive blockchain, has announced a strategic partnership with Dash and Maya Protocol. This integration allows users to...

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17 Aug 2024 2 minute read 0 comments Nathan Payne

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Dash Announces Genesis Release of Evolution Platform: Revolutionizing Decentralized Payments and Applications

4 Jul 2024 2 minute read 0 comments Mike Ermolaev

Dash, the leading cryptocurrency focused on everyday payments, is excited to announce the highly anticipated release of its Evolution platform, set to revolutionize the way people use and interact with cryptocurrencies. The Genesis release is schedul...

Dash or Bitcoin Cash

1 Jun 2024 1 minute read 0 comments Kenzoo

Which one is better to choose as a Crypto that can be used as a good means of payment? In this case if the choice is made I will choose Dash better than Bitcoin Cash. Then what is the reason I chose Dash over Bitcoin Cash? My reason is as simple as t...

The Transformative Potential of Privacy Coins in Financial Inclusion

11 May 2024 5 minute read 1 comment letssittt

Introduction The technological landscape of financial sector is characterized by constant change, where privacy coins have appeared as significant inventions, providing unique pros and cons. These cryptocurrencies are designed to give an unrevealing...

Monero vs Zcash vs Dash: A Comprehensive Comparison

6 May 2024 2 minute read 5 comments Guarda Wallet

In the world of cryptocurrencies, privacy and anonymity are highly valued by many users. Three cryptocurrencies that prioritize these features are Monero (XMR), Zcash (ZEC), and Dash (DASH). While they all share a common goal of providing increased...

Dash Cryptocurrency (DASH): Everything You Should Know

28 Feb 2024 3 minute read 0 comments Guarda Wallet

Dash is an open-source, peer-to-peer cryptocurrency that offers the same services as bitcoin without any regulatory hoops. However, unlike bitcoin, transactions with Dash are faster, cheaper, and more anonymous than their competitors. It was initiall...

When It Starts Smelling Badly

4 Feb 2024 20 minute read 5 comments Feax21

Life After Binance The previous months have been very difficult in terms of my crypto-activities. Since Binance decided to discontinue most of its Earning products from the UK residents as it was explained in my articles "The Binance Redemption" and...