Dash Coinmarketcap

  1. Cryptocurrency Dash
  2. Dash Mini Appliances
  3. Dash Coin Value
  4. Dash Btc

DASH/BTC: Buy or sell DASH for bitcoin. LAST PRICE: 0.00534979 Buying Price: 0.00516000 Selling Price: 0.00535000 Highest Price. About Dash Dash is a cryptocurrency with optional speed and privacy features. Its unique network architecture consists of both regular miners and privileged machines called Masternodes. DASH Price Live Data. The live Dash price today is $310.77 USD with a 24-hour trading volume of $933,273,403 USD. Dash is up 2.60% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $3,141,679,640 USD.

(Redirected from Darkcoin)
Dash
Denominations
PluralDash
Ticker symbolDASH
Previous namesXcoin, Darkcoin
Subunits
1100000000duff
Development
Original author(s)Evan Duffield
White paperWhitepaper
Initial release18 January 2014 (7 years ago)
Latest release0.16.1.1 / 17 November 2020 (5 months ago)
Code repositorygithub.com/dashpay
Written inC++
Websitedash.org
Ledger
Timestamping schemeProof-of-work
Hash functionX11
Issuance scheduleDecentralized, block reward
Block reward2.88 DASH (as of 5 June 2020)
Block time2.5 minutes
Block explorerinsight.dash.org
Circulating supply9.509.532 DASH (May 2020)[1]
Inside shop with cryptocurrency Dash in Tomaszów Mazowiecki, Poland

Dash is an open sourcecryptocurrency. It is an altcoin that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization (DAO) run by a subset of its users, which are called 'masternodes'.

History[edit]

The currency was launched in January 2014 as 'Xcoin' by Evan Duffield, as a fork of the Bitcoin protocol.[2][3] It is an altcoin and in its early days it was subject to pump and dump speculation.[4] It was rebranded as Darkcoin,[5] which received press for being used in dark net markets.[6] In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'.[4] As of August 2016, Dash is no longer used in any major dark net markets worth noting.[5]

In early 2017 Duffield, who lived in the Phoenix area, and some other people working on Dash took space in a business incubator at Arizona State University.[7] The Dash DAO later funded a blockchain research lab at ASU.[8]

As of April 2018, Dash's market capitalization was around $4.3 billion and it was one of the top 12 cryptocurrencies.[9]

As of February 2019, Dash was the most popular cryptocurrency in Venezuela according to Der Spiegel.[10]

Design and governance[edit]

Dash was designed to allow transactions quickly and to have a swift governance structure in order to overcome shortfalls in Bitcoin.[4]

Governance[edit]

Governance is handled through a form of decentralized autonomous organization in which decisions are made on a blockchain via masternodes. Masternodes perform standard node functions like hosting a copy of the blockchain, relaying messages, and validating transactions on the network, and in addition act as shareholders, voting on proposals for improving Dash's ecosystem. Along with masternodes, the system includes standard nodes and miners.[2][11][12]

Running a masternode requires ownership of 1000 Dash. Masternodes are also required to have a static IP address and meet minimum requirements for CPU, RAM, disk space and network bandwidth.[11]

A proof of service protocol ensures that masternodes have the most current blockchain protocol and are online.[11]

The system's decentralization has been criticized due to a mishap, which allowed too many coins to be distributed at release. This concentrated the wealth to a small group, giving them disproportionate power in decisions over the currency’s future.[9]

Cryptocurrency Dash

Consensus[edit]

As of 2018 coins were mined using a proof of work algorithm with a hash function called 'X11', with eleven rounds of hashing, and the average time to mine a coin was around two and a half minutes.[2]

Transactions[edit]

Masternodes provide two additional kinds of transactions. 'InstantSend' bypasses mining and instead requires a consensus of masternodes to validate a transaction, speeding transactions.[4][2] 'PrivateSend' is intended to give users optional consumer-grade privacy; it mixes participating users' unspent Dash before executing a transaction.[2][11]


Dash-funded organizations[edit]

The Dash DAO uses the 10% it receives from mining to invest as the DAO chooses, using a decentralised voting system.[11] This has allowed the creation of many funded organizations, including Dash Core Group, Inc. (DCG), which supports continued development, integrations, and other activities of Dash.[1]

References[edit]

  1. ^ abhttps://coinmarketcap.com/currencies/dash/
  2. ^ abcdeLee, David; Low, Linda (21 Jun 2018). Inclusive Fintech: Blockchain, Cryptocurrency And ICO. Singapore: World Scientific. p. 219. ISBN9789813238657.
  3. ^'Bitcoin may be king, but Ripple dark horse in crypto race'. Reuters. January 3, 2018.
  4. ^ abcdEha, Brian (26 June 2017). 'Can Bitcoin's First Felon Help Make Cryptocurrency a Trillion-Dollar Market?'. Fortune.
  5. ^ ab'Meet Monero, the Currency Dark Net Dealers Hope Is More Anonymous Than Bitcoin'. Motherboard. 2016-08-23. Retrieved 2018-11-18.
  6. ^'Online Drug Dealers Are Now Accepting Darkcoin, Bitcoin's Stealthier Cousin'. WIRED. Retrieved 2018-11-18.
  7. ^'Dash Open House'. Arizona State University. March 30, 2017. Archived from the original on August 20, 2017.CS1 maint: discouraged parameter (link)
  8. ^Moore, Heather (24 Aug 2018). 'Cryptocurrency Dash aims to give mainstream money a run'. 3TV/CBS5.
  9. ^ abOrcutt, Mike (April 25, 2018). 'The top 12 cryptocurrencies and what they are—and aren't—good for'. MIT Technology Review.
  10. ^Glüsing, Jens (February 2, 2019). 'Nichts zu essen, aber kostenlos Benzin'. Der Spiegel (in German).
  11. ^ abcdePrusty, Narayan (27 Apr 2017). Building Blockchain Projects. Birmingham, UK: Packt. pp. 19–21. ISBN9781787125339.
  12. ^'Using Dash Governance — Dash latest documentation'. docs.dash.org. Retrieved 2020-08-29.

External links[edit]

Wikimedia Commons has media related to Dash (cryptocurrency).
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Dash_(cryptocurrency)&oldid=1009550892'
Dash
Denominations
PluralDash
Ticker symbolDASH
Previous namesXcoin, Darkcoin
Subunits
1100000000duff
Development
Original author(s)Evan Duffield
White paperWhitepaper
Initial release18 January 2014 (7 years ago)
Latest release0.16.1.1 / 17 November 2020 (5 months ago)
Code repositorygithub.com/dashpay
Written inC++
Websitedash.org
Ledger
Timestamping schemeProof-of-work
Hash functionX11
Issuance scheduleDecentralized, block reward
Block reward2.88 DASH (as of 5 June 2020)
Block time2.5 minutes
Block explorerinsight.dash.org
Circulating supply9.509.532 DASH (May 2020)[1]

Dash Mini Appliances

Inside shop with cryptocurrency Dash in Tomaszów Mazowiecki, Poland

Dash is an open sourcecryptocurrency. It is an altcoin that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization (DAO) run by a subset of its users, which are called 'masternodes'.

History[edit]

The currency was launched in January 2014 as 'Xcoin' by Evan Duffield, as a fork of the Bitcoin protocol.[2][3] It is an altcoin and in its early days it was subject to pump and dump speculation.[4] It was rebranded as Darkcoin,[5] which received press for being used in dark net markets.[6] In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'.[4] As of August 2016, Dash is no longer used in any major dark net markets worth noting.[5]

In early 2017 Duffield, who lived in the Phoenix area, and some other people working on Dash took space in a business incubator at Arizona State University.[7] The Dash DAO later funded a blockchain research lab at ASU.[8]

As of April 2018, Dash's market capitalization was around $4.3 billion and it was one of the top 12 cryptocurrencies.[9]

As of February 2019, Dash was the most popular cryptocurrency in Venezuela according to Der Spiegel.[10]

Design and governance[edit]

Dash was designed to allow transactions quickly and to have a swift governance structure in order to overcome shortfalls in Bitcoin.[4]

Governance[edit]

Governance is handled through a form of decentralized autonomous organization in which decisions are made on a blockchain via masternodes. Masternodes perform standard node functions like hosting a copy of the blockchain, relaying messages, and validating transactions on the network, and in addition act as shareholders, voting on proposals for improving Dash's ecosystem. Along with masternodes, the system includes standard nodes and miners.[2][11][12]

Dash Coin Value

Dash

Running a masternode requires ownership of 1000 Dash. Masternodes are also required to have a static IP address and meet minimum requirements for CPU, RAM, disk space and network bandwidth.[11]

A proof of service protocol ensures that masternodes have the most current blockchain protocol and are online.[11]

The system's decentralization has been criticized due to a mishap, which allowed too many coins to be distributed at release. This concentrated the wealth to a small group, giving them disproportionate power in decisions over the currency’s future.[9]

Consensus[edit]

As of 2018 coins were mined using a proof of work algorithm with a hash function called 'X11', with eleven rounds of hashing, and the average time to mine a coin was around two and a half minutes.[2]

Transactions[edit]

Masternodes provide two additional kinds of transactions. 'InstantSend' bypasses mining and instead requires a consensus of masternodes to validate a transaction, speeding transactions.[4][2] 'PrivateSend' is intended to give users optional consumer-grade privacy; it mixes participating users' unspent Dash before executing a transaction.[2][11]


Dash-funded organizations[edit]

Dash Btc

The Dash DAO uses the 10% it receives from mining to invest as the DAO chooses, using a decentralised voting system.[11] This has allowed the creation of many funded organizations, including Dash Core Group, Inc. (DCG), which supports continued development, integrations, and other activities of Dash.[1]

References[edit]

  1. ^ abhttps://coinmarketcap.com/currencies/dash/
  2. ^ abcdeLee, David; Low, Linda (21 Jun 2018). Inclusive Fintech: Blockchain, Cryptocurrency And ICO. Singapore: World Scientific. p. 219. ISBN9789813238657.
  3. ^'Bitcoin may be king, but Ripple dark horse in crypto race'. Reuters. January 3, 2018.
  4. ^ abcdEha, Brian (26 June 2017). 'Can Bitcoin's First Felon Help Make Cryptocurrency a Trillion-Dollar Market?'. Fortune.
  5. ^ ab'Meet Monero, the Currency Dark Net Dealers Hope Is More Anonymous Than Bitcoin'. Motherboard. 2016-08-23. Retrieved 2018-11-18.
  6. ^'Online Drug Dealers Are Now Accepting Darkcoin, Bitcoin's Stealthier Cousin'. WIRED. Retrieved 2018-11-18.
  7. ^'Dash Open House'. Arizona State University. March 30, 2017. Archived from the original on August 20, 2017.CS1 maint: discouraged parameter (link)
  8. ^Moore, Heather (24 Aug 2018). 'Cryptocurrency Dash aims to give mainstream money a run'. 3TV/CBS5.
  9. ^ abOrcutt, Mike (April 25, 2018). 'The top 12 cryptocurrencies and what they are—and aren't—good for'. MIT Technology Review.
  10. ^Glüsing, Jens (February 2, 2019). 'Nichts zu essen, aber kostenlos Benzin'. Der Spiegel (in German).
  11. ^ abcdePrusty, Narayan (27 Apr 2017). Building Blockchain Projects. Birmingham, UK: Packt. pp. 19–21. ISBN9781787125339.
  12. ^'Using Dash Governance — Dash latest documentation'. docs.dash.org. Retrieved 2020-08-29.

External links[edit]

Wikimedia Commons has media related to Dash (cryptocurrency).
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Dash_(cryptocurrency)&oldid=1009550892'