Dash (DASH)

Dash (cryptocurrency)

Dash is an open source cryptocurrency that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization (DAO) run by a subset of its users, known as "masternodes".

History

Dash was launched in January 2014 by Evan Duffield as "Xcoin", and it was originally subject to pump and dump speculation. It was later rebranded as "Darkcoin" and gained attention for its use in dark net markets. However, in March 2015 it was rebranded again as Dash, a portmanteau of "digital cash". As of August 2016, Dash is no longer used in any major dark net markets.

In early 2017, Dash took space in a business incubator at Arizona State University and later funded a blockchain research lab at the university.

As of April 2018, Dash had a market capitalization of around $4.3 billion and was one of the top 12 cryptocurrencies. It is the most popular cryptocurrency in Venezuela as of February 2019.

Dash Halving

Similar to Bitcoin, Dash has a block reward that decreases over time. Currently, the block reward is 2.68 Dash + transaction fees, and it decreases by 7.14% every 210,240 blocks. The block time of Dash is 2.5 minutes.

After the reduction, the block reward will be 2.49 Dash + transaction fees.

Dash is known for its masternodes system, where users with at least 1,000 Dash can operate masternodes that power several of Dash's features, including InstantSend and CoinJoin. Users running masternodes receive a portion of the block rewards from Dash mining.

Dash has also made efforts to become more user-friendly, with clear explanations of how it works and where it can be purchased.

Sources: Wikipedia, Investopedia, The Motley Fool, Kraken

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Where to Buy Cryptocurrency Dash

1. Ledger

You can buy Dash with a credit or debit card on a cryptocurrency exchange like Ledger. To purchase Dash, you will need to create a Dash wallet (an account) and get it approved before being able to buy. Visit the Ledger website to get started.

2. Dash.org

There are several options to buy Dash online. You can choose from various exchanges, OTC vendors, P2P exchanges, and brokers. Exchanges facilitate trading between users, OTC vendors are suitable for high volume transactions, P2P exchanges allow direct trading between individuals, and brokers offer preset prices. Visit the Dash.org website for a comprehensive list of buying options.

3. CEX.IO

CEX.IO is another platform where you can buy Dash. You can open a free account on CEX.IO, deposit funds, and buy Dash right away. They offer an Instant Buy service or the option to trade. You can store your Dash coins in their cryptocurrency cold storage or withdraw them to your wallet. For more information, visit the CEX.IO website.

4. Coinbase

Coinbase is a centralized exchange where you can purchase Dash. To buy Dash on Coinbase, you need to create an account, connect a payment method (bank account, debit card), and start a trade. Select Dash from the list of assets and enter the amount you want to buy. Coinbase will convert the amount into Dash automatically. For detailed instructions, visit the Coinbase website.

5. 99Bitcoins

99Bitcoins provides a beginner's guide on how to buy Dash. They recommend signing up to CEX.io, using their brokerage service or trading platform to buy Dash, and then withdrawing the Dash coins to your wallet. Additionally, they suggest other options such as using debit card, wire, PayPal, Apple pay, Google pay, credit/debit card, SEPA, or other exchanges. For more information, visit the 99Bitcoins website.

The founders of Dash

Dash (cryptocurrency) Dash is an open source cryptocurrency that was created in 2014 by Evan Duffield.

It was originally called Xcoin and later rebranded as Darkcoin before finally adopting the name Dash, which stands for digital cash. Dash is an altcoin that was forked from the Bitcoin protocol.

It operates as a decentralized autonomous organization (DAO) with a subset of its users, known as "masternodes," running and governing the network. History: - Dash was launched in January 2014 as "Xcoin" by Evan Duffield.

- It was later rebranded as Darkcoin and gained attention for its use in dark net markets. - In March 2015, it underwent another rebranding and became Dash, focusing on making instant transactions and supporting anonymous transactions.

- The Dash DAO (decentralized autonomous organization) funded a blockchain research lab at Arizona State University. - As of April 2018, Dash had a market capitalization of around $4.3 billion and was one of the top 12 cryptocurrencies.

Features and Functionality: - Dash is known for its emphasis on speed of transactions and privacy. - It utilizes a two-tier network system, with miners and masternodes working together to improve transaction processing and scalability.

- Masternodes perform functions such as ordering and verifying transactions, while miners focus on network security. - Dash offers features like InstantSend, PrivateSend, Governance and Treasury, and Dash Evolution (an online payment system similar to PayPal).

Overall, Dash is a cryptocurrency that aims to provide fast and private transactions while involving its community in the governance of the network. It has gained popularity and has a significant market presence in the cryptocurrency industry.

Roadmap and Future Plans of the Cryptocurrency Dash

Dash Roadmap

Dash, a decentralized cryptocurrency, has a long history of innovation and development.

Launched in 2014, Dash has continuously focused on speed, privacy, and usability, making it an ideal digital currency. With a mission to deliver financial freedom and shape the future of payments globally, Dash has an ambitious roadmap and a proven track record of successful delivery.

Scaling and Security

  • FPGA and ASIC miners
  • Dashcore and Insight API
  • Dash Wallet
  • Unlock wallet with fingerprint (Android)
  • iOS library integration (iOS)
  • Dash Wallet Redesign
  • Uniform UX across Android and iOS
  • Dark mode support for iOS
  • Easy access to commonly used features

Dash Core

  • Backports for Bitcoin v0.15.2
  • Basic QT Wallet UI update
  • Post stress test enhancements

Dash Platform

  • Binary data storage improvements
  • Consensus rules for identities
  • Non-Determinism in Block Processing
  • Instant Send identity funding

Dash Platform v0.19

  • Identity funding with ChainLocks
  • Local network setup / environment
  • Verify signatures with core

Dash Platform v0.20

  • Platform State Threshold Signing
  • Strict and Secure Data Contract Validation
  • Robust JS Wallet Synchronization

Dash Platform v0.21

  • Design robust state tree structure
  • Design document secondary indices

Dash Platform v0.22

  • Ability to update data contracts
  • Identity key purposes and security levels

Dash Core v0.18

  • Quorum rotation, stronger Instant Send security
  • Added new QT governance UI
  • Initial Enhanced Hard Forking implementation

Source: Dash Roadmap