Dash is a fast, secure digital currency with unique two-tier network and user-friendly payment features. More
| Fully Diluted Valuation | $282.07M |
|---|---|
| 24H Trading Volume | $20.20M |
| 24H Low / High | $22.43 / $ 23.10 |
| Circulating Supply | 12.39 M |
| Total Supply | 12.39 M |
| Max Supply | 18.92 M |
| Categories | Masternodes 6 more |
|---|---|
| Founder | Evan Duffield 1 more |
| Website | dash.org |
| Socials | 5 more |
| Explorer | Oklink 9 more |
| Name | Pair | OG Score |
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Dash, a pioneering digital currency platform, emerged in January 2014 as a fork of Litecoin (LTC), evolving from its initial name XCoin to Darkcoin, and finally to Dash in 2015. Created by software developers Evan Duffield and Kyle Hagan, Dash stands out for its emphasis on user-friendly, secure, and rapid transaction capabilities. Its inception was driven by Duffield's vision to enhance Bitcoin's model by adding stronger privacy and swifter transactions.
At the heart of Dash's innovation is its two-tier network structure, which integrates both miners and masternodes. This unique system enables advanced features like InstantSend for quick transactions, PrivateSend for optional privacy, and ChainLocks for blockchain immutability. The network's security is fortified through a combination of Proof of Work (PoW) and Proof of Service (PoS) mechanisms. Masternodes, key players in this ecosystem, require a collateral of 1,000 DASH to operate, incentivizing sustained network support.
Dash's functionality extends beyond mere currency; it's a scalable peer-to-peer payment network. Embracing the ethos of "digital cash," Dash supports everyday purchases - from groceries to airfares - and is widely accepted by over 150,000 merchants globally. The platform's mobile wallet app facilitates easy transactions for individuals and businesses, with added benefits for merchants through low transaction costs and instant, secure crypto payments. Furthermore, Dash's governance model allocates 10% of block rewards to fund its development, ensuring continuous innovation and community involvement.
Dash (DASH), originally a Bitcoin fork, is unique for its privacy-focused features like PrivateSend and InstantSend, and its innovative two-tier network using miners and masternodes. This structure facilitates near-instant transactions and enhanced security measures like ChainLocks, setting Dash apart in the cryptocurrency space.
Dash was founded by software developers Evan Duffield and Kyle Hagan. Initially launched as XCoin in 2014, it was later renamed to Dash in 2015. Duffield, the main architect, was instrumental in adding unique features to Dash, differentiating it from its origins as a Bitcoin fork.
Dash gained backing from prominent VCs like Insight Partners and Global Founders Capital, plus angel investors like CitrusPay founder Jitendra Gupta.
