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 Debuts FastPass Trading Ecosystem of Partners Leveraging Instant Transactions

10 Sep 2020 2 minute read 5 comments TheDesertLynx

Dash has debuted FastPass, a network of ecosystem partners dedicated to trading which leverage Dash's special features of InstantSend and ChainLocks. The FastPass designation is intended to denote services where users can expect Dash transactions to...

Dash Podcast 156: Rion and Hilawe on Economic Incentives in Governance

10 Oct 2020 1 minute read 0 comments TheDesertLynx

Rion and Hilawe come on the podcast to talk about governance and the effects of economic incentives on Dash masternodes' decision-making process, including a thorough discussion on Nakamoto Consensus and the role of miners in making key governance d...

Why Is Utility Not Always Valued in Cryptocurrency?

8 Jan 2021 1 minute read 2 comments TheDesertLynx

Like any technology or business, cryptocurrencies are supposed to be useful. The thought is, if something solves real-world problems for people cheaply and efficiently, the market will reward the technology by valuing it in the market over competitor...

Crypto Broker Uphold Institutes New User 65-Day Waiting Period for Purchases with ACH Transfers

18 Aug 2020 2 minute read 12 comments TheDesertLynx

Crypto broker Uphold has instituted a 65-day waiting period for new users seeking to make purchases using funds from ACH bank transfers. This is due to security issues related to the ACH system. Last week, Uphold instituted a 65-day "cooling off pe...

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...

You still don't have any DFI Coins? Pool by Cake promo extended

30 Jan 2021 1 minute read 0 comments Jakonfire

How to get $30 worth of DFI Congratulations to everyone who got their free DFI coins last year. Since my post here, the price has risen by more than 200% and your free DFI are currently worth more than 60 USD. If you missed the opportunity to invest...

Dash Podcast 168: Mark Mason on What's New and Exciting in Dash

30 Mar 2021 1 minute read 2 comments TheDesertLynx

The incomparable Mark Mason comes back on the Dash Podcast to talk about the exciting things coming up in the world of Dash. We go heavy into the new CrayPay app and how it will facilitate using Dash as a daily money, as well as the DashPay JS brows...

Dash Podcast 171 With Dash Core Group Front End Product Owner Brian Foster

10 May 2021 1 minute read 0 comments TheDesertLynx

Front End Product Owner for Dash Core Group Brian Foster comes on the podcast to introduce himself and talk about his role in Dash. We go into a deep dive on Dash Core Group's product strategy, which products are areas of focus, as well as which one...

Unique opportunity to generate passive income with Dash

18 Jun 2021 1 minute read 0 comments Bkcruzade

Good morning community, in these months of great nervousness in the markets I have found what for me is a great offer, for years Dash has been one of the most solid currencies on the market, reaching over $ 1000 at this time its value is between 150...

Coinpot Challenge Day 8 - Earning 10.000$ Worth Of Crypto By The End Of 2020 For Free

12 May 2020 1 minute read 0 comments Zemiatin

Hey guys. This is day 8 of my challenge and this is how my coinpot dashboard looks at the moment:  And this is how the value of my holdings looked yesterday in terms of dollars: Now, let's convert the tokens that we have today and see how much we i...