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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Which Multi-Coin Mobile Dash Wallet Is the Best?
by Joël Valenzuela on February 21, 2018 at 18:23
The Contenders Coinomi The old steady multi-coin wallet, Coinomi has been around for a long time. It works fast and easy, supports just about every coin under the sun, and has secure backup options, including an encrypted password for spending. It’s only available for Android right now […]
Polish Central Bank Paid Online Trolls to Smear...
by Justin Szilard on February 21, 2018 at 13:53
A Polish YouTuber, Marcin Dubiel, made around $30,000 USD from The National Bank of Poland and ad revenue, to speak negatively of cryptocurrency and favorably of Polish fiat currency. The video, titled “I lost all my money,” shows Dubiel losing all his money to the point where he could […]
Dash Community Activist Playbook
by Joël Valenzuela on February 20, 2018 at 19:18
Dash has a rich ecosystem including a large development team and quite a few major projects under its funding system, and its future is therefore quite well-handled. However, there are plenty of ways the average user can get involved in helping the project out, even without actively working for […]
Edge Secure Wallet Review
by Joël Valenzuela on February 20, 2018 at 15:48
Features The Edge wallet is relatively feature-rich, especially for a wallet focusing on ease of use. Its foremost feature is its simple username and password login setup. This includes a 2FA and security question recovery setup, as well as seed words for individual wallets. While a little […]
Coinbase Users Significantly Overcharged in...
by Justin Szilard on February 19, 2018 at 18:00
Over the past week, Coinbase’s reddit thread was flooded with complaints of users being exceedingly overcharged causing some to even have their accounts drained and shut down. Concerned and frantic users posted their issues to only be answered by support technicians that said they were aware […]