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.


Dash Podcast 167 with Dash Core Developer Pasta

14 Mar 2021 1 minute read 3 comments TheDesertLynx

Dash Core Developer and wunderkind at large Pasta comes on the podcast to give an update on what the Core team has been working on with development. We also go into a deep dive on PrivateSend, Dash's CoinJoin implementation, and the future of possib...

Dash moves into DeFi

13 Mar 2021 2 minute read 16 comments paragism

Dash was launched in 2014 as a fork of Bitcoin and it was named Xcoin initially. The project was founded by software developers Evan Duffield and Kyle Hagan. Dash was designed as digital cash and it aimed to offer instant transactions with nominal fe...

Dash rolls out Ethereum DeFi bridge with staking and yield farming

11 Mar 2021 1 minute read 0 comments Crypto Adventure

Dash is set to release its Ethereum decentralized finance bridge after months of testing. Payments-focused crypto project Dash (DASH) is officially launching its Ethereum DeFi bridge. According to an announcement issued on Wednesday, the foray into d...

THE BEST PLATFORM FOR SPOT TRADING DASH

10 Mar 2021 4 minute read 0 comments Cryptonalyzed blog

There are many ways of trading cryptocurrencies, there include; spot trading (spot exchange), copy trading, contract trading (futures), P2P, etc. Bityard is a leading platform when it comes to cryptocurrency trading, they offer trading services to mo...

DASH : Dashing To The Future

7 Mar 2021 1 minute read 0 comments alt-runner

What is Dash Coin Well since we are in the crypto and finance community, I believe all of you has understand what Dash Coin is. From its launch in 2014 it has been re-branded a couple times. First its called Xcoin when first launch, and then rename a...

Dash Podcast 166: Eric Olson on Selling All His Bitcoin for Dash

28 Feb 2021 1 minute read 3 comments TheDesertLynx

Dash masternode operator Eric Olson comes on the Dash Podcast to talk about, among other things, his decision to finally dump all his Bitcoin for Dash, 10 years after first getting into cryptocurrency. We go on the user experience of high fees and t...

How to Use the Dash Incubator Developer Bounty Program

25 Feb 2021 1 minute read 1 comment TheDesertLynx

This is a step-by-step instructional video on using the Dash Incubator to get started building decentralized applications. Dash Platform is a data contract platform built on top of the Dash network enabling decentralized applications leveraging dece...

How Do Cryptocurrency Wallets and Addresses REALLY Work?

20 Feb 2021 1 minute read 5 comments TheDesertLynx

Whether you're a newbie or have been in cryptocurrency and blockchain for many years, there's no doubt that you've interacted with an address, a long cryptographic hash that lets you send and receive money. You have a wallet, too, and may have used...

Businesses that accept DASH

19 Feb 2021 1 minute read 0 comments NOWPayments

Thanks to a large number of collaborations with various payment services along with unique technologies Dash is regarded as the leading payments-focused and e-commerce digital currency. But who accepts Dash cryptocurrency? What can you buy with Dash?...

THE ADVANTAGES OF DASH TO BITCOIN THAT YOU NEVER KNEW.

15 Feb 2021 2 minute read 4 comments Cryptonalyzed blog

Dash is a decentralized digital currency that is used as a universal means of payment, Dash was launched in 2014 as a forkcoin from Litecoin. Dash has a total market cap of $920 million as of the time of writing this article. Dash gives you the freed...