Sirwin
Sirwin

Dash (DASH)

505 Articles 52 Followers

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.


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 4 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...

Are Privacy Coins Like Monero And ZCash Already Dying?

29 Jan 2024 4 minute read 1 comment Coins Reporter

"It's harsh but everything will trend to zero against Bitcoin". These kind of statements from Bitcoin maximals can often evoke an unnecessary doubt in the mind of altcoiners. This theory about Bitcoin being the sole survivor is contradictory in itsel...

OKX removes privacy coins

30 Dec 2023 1 minute read 6 comments KMatt

A few years ago, a Coin Bureau video anticipated that privacy coins could be delisted from exchanges at the behest of governments, precisely due to their nature as PRIVACY COINS, i.e. those cryptocurrencies that provide transaction and address anonym...

Upcoming Ask Me Anything (AMA) for FDR

22 Dec 2023 1 minute read 0 comments Lorenzo The big Brain

Hi @everyone We want to inform you about the postponement of our upcoming Ask Me Anything (AMA) session, originally scheduled for December. This decision is a result of the extensive administrative work we are currently undertaking due to numerous on...

SMARDEX Protocol: DeFi Revolution – Impermanent Loss Elimination, Gains, and Security

14 Dec 2023 2 minute read 0 comments Lorenzo The big Brain

 SMARDEX Protocol: DeFi Revolution – Impermanent Loss Elimination, Gains, and Security par coreteam | Nov 8, 2023 | Announcements, News | 0 commentaires We are extremely excited to announce a major strategic change in our liquidity pool. Until now,...

A Comparative Analysis of the Top 3 Anonymous Crypto Coins

12 Sep 2023 5 minute read 1 comment Swapzone

In this digital age where privacy is increasingly valued, cryptocurrencies that offer anonymity have gained immense popularity. Whether you’re a privacy-conscious individual or simply fascinated by the concept, anonymous crypto coins provide an excit...

How to Get Started with Dash: A Step-by-Step Guide for Beginners

12 Jul 2023 4 minute read 0 comments ChangeNOW

Dash (DASH) is a decentralized, open-source cryptocurrency that enables fast and secure transactions. It was launched in 2014 as a fork of Bitcoin, and has since grown into one of the most popular cryptocurrencies in the world. In this article, we wi...