Dash Fact Sheet
Dash is a cryptocurrency that is focused on both Privacy and on ease of use. The coin did launch with some controversy as a portion of its supply went to founders. Dash was initially called XCoin and it launched on January 2014 built off of a Fork of Bitcoin. It was then named Darkcoin before finally settling upon the name of Dash. There is another cryptocurrency called Dashcoin that has no relation to Dash itself. Dash trades under its own name of DASH. Other tickers even ones that resemble that are different coins.
Key changes from Bitcoin are the use of the X11 Hashfunction and improved Privacy functions over the original Bitcoin network. Darkstreet blogger categorize Dash as a privacy coin.
Name: Dash (Portmaneau of Digital and Cash)
White Paper - Philosophy: https://github.com/dashpay/dash/wiki/Whitepaper
Founder: Evan Duffield
Date Created: January 2014
Structure: - Uses Decentralized Autonomous Organization (DAO) where decisions are made by Masternodes that meet certain requirements. A Masternode structure for voting is considered by some to be Quasi Decentralized. All new Dash are allocated 45% to miners, 45% to Master Node holders and 10% held for DAO investments.
Hash Function: X11
Total Max Outstanding Possible: The maximum amount of Dash is set to be ~18.9 million lower than Bitcoin of ~21 million.
Block Time: 2.5 minutes (As of May 2018)
Block Size: 2 MB (As of May 2018)
For more Information on Privacy Coins see Darkstreet's Libranican:
Anonymity and Privacy Coins
Dash was created in Jan 2014 by developer Evan Duffield. It was initially released as XCoin (XCO) then in Feb 2014 it changed name to Darkcoin. On March 25, 2015 (A little more than a year after its launch) it was renamed to Dash. The primary purpose of Dash as stated by Duffield was to create a version of Bitcoin that was more private and fast. Unable to get changes made to Bitcoin's code, Duffield turned toward creating his own fork of Bitcoin that could have the attributes he desired.
Dash is a cryptocurrency modeling after a Bitcoin Fork intending to focus on being like Cash. This seperates itself from other projects like Ethereum that are more technologically development focused. With its intention of being Cash like Dash focuses on privacy and use ability as its core attributes. The code that has been most updated from Bitcoin focus on Privacy and Quick Transactions. Dash has low transaction fees relative to Bitcoin.
Dash is open source, with its own blockchain, community and wallet infrastructure.
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