DASH (Digital Cash) is a peer-to-peer cryptocurrency with the same features of Bitcoin. DASH was designed to be as liquid as real cash in order to fulfill online transactions. DASH is open source and contains its very own Blockchain, infrastructure and community.
DASH was created on January 18, 2014 and launched on the same year by Evan Duffield who was impressed by the idea of Bitcoin. However Duffield believed Bitcoin was lacking and decided to develop a faster and more private system.
DASH was originally named as “Xcoin”, then to “Darkcoin” until finally rebranding itself as DASH or digital cash which can be used in most online transactions.
Today DASH is one of the promising alternatives to Bitcoin with trade volumes exceeding millions of dollars a day.
Masternodes- DASH is divided into two networks. One handles the mining and the creation of new blocks while the other focuses on transactions and enables the use of InstantSend, PrivateSend and other functions. The part which focuses on the transactions is what we call the Masternodes.
PrivateSend – DASH was designed with more privacy in mind and as such allows its users to privately fulfill transactions with PrivateSend. PrivateSend mixes up the IP addresses from the transaction to prevent people from knowing which one is which. This enables full privacy during transactions.
InstantSend – DASH has the ability to handle transactions almost instantly with InstantSend for those wanting time-efficient transactions.
Decentralized Governance System – Probably the best feature of DASH is its decentralization. Decisions and budgets within the community are decided by the owners of the Masternodes, the more Masternodes you have the more influence you have over DASH. To put it simpler, think of nodes as stocks within a company.
All Time High of DASH
Market Cap as of September 13, 2017
Volume (24 hours) as of September 13, 2017
Max Supply of DASH
Circulating Supply of DASH as of September 13, 2017
DASH is not backed by large or well-known corporations but instead it has partnered itself with multiple online businesses and applications to create the community it is known today.
Here are the partners found on their website or known throughout the web:
- Arizona State University
A table containing data on the countries currently owning Masternodes as of September 13, 2017 is shown below.