What is Dash ?

Launched in 2014, the cryptocurrency Dash was originally known as Xcoin. After being rebranded as Darkcoin, it landed on its current name, Dash, in March 2015. When it was initially created, it was designed to ensure user privacy and anonymity. Dash has since transitioned into a medium for daily transactions.

How does it work?

Dash is a blockchain that uses the X11 algorithm, a modification of the proof-of-stake (PoS) algorithm. It also uses CoinJoin mixing to scramble transactions and make privacy possible on its blockchain. This is done via it's two-tiered network where the second tier enables financial privacy, instant transactions and the decentralized governance and budget system.

What are the features of Dash?

1. X11 hashing algorithm, CPU/GPU/ASIC mining available

2. 2.6 minute block time, 2MB blocks, ~56 transactions per second

3. Block reward decreases by 7.14% per year

4. Between 17.74M and 18.92M total coin supply

5. Decentralized second-tier masternode network

6. Superior privacy using CoinJoin

7. Instant transactions using InstantSend

8. Protection against blockchain reorganization events (commonly called 51% attacks) using ChainLocks

9. Decentralized Governance By Blockchain(DGBB) allows masternode owners to vote on budget proposals and decisions that affect Dash"

What is Decentralized Governance by Blockchain (DGBB)?

Decentralized governance: the consensus of blocks Dash is the first decentralized autonomous organization operating with a Sybil-tested decentralized governance and funding system. Decentralized governance by Blockchain (DGBB), referred to simply as the “treasury system”, is a means of reaching consensus on the proposed changes to the network and the development of Dash ecosystem finance. Ten percent of the block awards go to this “treasury” to pay for projects that benefit Dash. Treasury funding has been used to hire additional developers and other employees to fund conference attendance and to fund integrations with major exchanges and API providers."

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