Cryptocurrency Market Capitalizations Dash
Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency that aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash's decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO)
Dash was originally released as XCoin (XCO) on January 18, 2014. On February 28, the name was changed to "Darkcoin." On March 25, 2015, Darkcoin was rebranded as "Dash." Dash is a portmanteau of "Digital Cash."
Within the first two days of launch, 1.9 million coins were mined, which is approximately 10% of the total supply that will ever be issued. Creator and lead developer of Dash, Evan Duffield, attributed this to a bug created when the Litecoin code was forked to create Dash, "which incorrectly converted the difficulty, then tried using a corrupt value to calculate the subsidy" Once the problem was resolved, Evan offered to relaunch the coin, but the community overwhelmingly disapproved. He suggested an "airdrop" of coins in order to broaden the initial distribution but the community also disapproved of this proposal. As such, the initial distribution was left alone and development of the project continued. The majority of mined coins were distributed on cryptocurrency exchanges in the following months at very low price levels.
The Dash Core Team, responsible for developing the currency, has since grown to 30 full-time employees, 20 part-time employees, and dozens of unpaid volunteers. All Core Team employees are paid from Dash's budget system and therefore are not reliant on donations or sponsorships that can lead to conflicts of interest.
According to CoinMarketCap, in June 2017 the daily trade volume of Dash was approximately $100 million per day and the market capitalization of Dash exceeded $4.8 billion. Dash has become the most active altcoin community on BitcoinTalk reaching more than 6400 pages, 133k replies, 7.9M reads.
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US Presidential Candidate Andrew Yang Endorses...
by Iyke Aru on Agosto 23, 2019 at 14:10
United States Presidential candidate, Andrew Yang has expressed his open-mindedness towards the adoption of blockchain technology in voting during electoral processes in the country. He said this while discussing issues surrounding emerging technologies and how it affects humanity during an […]
Andreas Antonopoulos Calls Dash ChainLocks “a...
by Joël Valenzuela on Agosto 22, 2019 at 19:29
According to cryptocurrency influencer and educator Andreas Antonopoulos, Dash’s ChainLocks is “a smart way of” securing a blockchain network against 51% attacks. Q. Are #Dash LLMQ #ChainLocks ⛓️🔐 just hype or something interesting? 🤔 Watch @aantonop […]
Snode Integrates Dash Adding Masternode Hosting,...
by Justin Szilard on Agosto 22, 2019 at 14:17
Snode has added support for Dash masternodes to the platform, including hosting as well as trusted shared masternodes. The Snode platform enables a variety of different masternode-related services. For regular Dash masternode hosting, Snode currently charges a maintenance fee of 5%. For the shared […]
Dash Accepted At Austrian Telecom Giant Thanks to...
by Justin Szilard on Agosto 21, 2019 at 19:42
A1 Telekom, which has over 5.4 million mobile lines and over 2.3 million fixed lines in Austria, will be expanding on their previous partnership with Salamantex POS by accepting Dash and other cryptocurrencies at 7 new storefronts throughout the country. #ANNOUNCEMENT In cooperation with […]
Dash News Video Recap – CryptoRefills Gift...
by Mark Mason on Agosto 21, 2019 at 17:13
This is a repost of the Dash News Recap video with presenter Heidi Chakos from our YouTube channel. This show is dedicated to keeping you up to date with recent Dash news highlights. Press That Like Button! Smash For DASH! Thanks For Watching Please Hit Subscribe […]