Dash (DASH)

500 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.

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...

Cryptographic Database GroveDB Is Now Live, Enabling Secondary Index Query Proofs for DApps

5 Jul 2023 3 minute read 0 comments Mike Ermolaev

Dash, a renowned payments-focused cryptocurrency project built with ease of use and near-instant transactions in mind, has recently introduced GroveDB. The product marks a leap forward for the whole industry, since it’s the world’s first database to...

DASH and Smash: Revolutionizing Gaming Payments in a Dash

4 Jul 2023 4 minute read 0 comments NOWPayments

Accept DASH payments Welcome to the world of online gaming, where the possibilities are endless, and the competition is fierce. As a gaming business owner, it is crucial to stay ahead of the curve and provide your customers with the best possible...

Accept DASH Payments with NOWPayments: Revolutionizing E-commerce

3 Jul 2023 5 minute read 1 comment NOWPayments

Accept DASH payments ‍In today’s fast-paced digital world, businesses are constantly searching for innovative solutions to streamline their payment processes and meet the ever-increasing demand for faster and more secure transactions. One such so...

Types, Mechanisms, and Pros and Cons of Privacy Coins

26 Jun 2023 4 minute read 16 comments Smoljanović

Types, Mechanisms, and Pros and Cons of Privacy Coins Introduction Privacy coins are a subset of cryptocurrencies that prioritize anonymity and security in online transactions.  These digital currencies leverage various cryptographic techniques to ob...

Unveiling Binance's Delisting of Privacy Coins: A Closer Look at Compliance Claims

2 Jun 2023 3 minute read 8 comments alberdioni8406

I usually don't stay away from the crypto media for too long to stay updated with the latest news, which fuels my blogs. However, yesterday was a busy day for me, and I ended up being offline the whole day dealing with personal matters. To my surpris...

How to Download and Use a Monero Wallet (In less than 5 minutes)

22 May 2023 1 minute read 0 comments B. Em

Ever wondered what is the Anti-CBDC? Most likely its privacy coins, this is why I want to show you how you can use them. People may be intimidated and may think that privacy coins are hard to use/ too complicated or they may be concerned about the fe...

Cryptocurrencies with the Lowest Transaction Fees in 2023

3 May 2023 2 minute read 0 comments A4Crypto

When sending crypto from one account to another we always look for cheaper options in a bid to save a bit of crypto. Here's a few networks that offer the cheapest transaction fees without compromising the fastness of the transaction.   IOTA IOTA defi...

Masa, Me, Web3, and Dash is a Security?

20 Apr 2023 2 minute read 0 comments Faybomb

If you enjoy listening to my voice as much as I do, you’re going to love this post! My latest guest on the BlockChain Reaction podcast is Calanthia Mei. She's the co-founder of Masa - formerly Masa Finance. Masa is a digital identity protocol that is...