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.
Dash Force News The #1 source for Dash news funded by the blockchain
Bitrefill Adds Dozens New Vouchers, Makes Living...
by Joël Valenzuela on settembre 25, 2018 at 17:07
Bitrefill has added numerous new gift code options, including major retailers, facilitating living on Dash. A mobile top-up and voucher company, Bitrefill allows customers to top up their mobile phone credit with cryptocurrency payments. Additionally, the company offers a variety of electronic gift […]
UNICEF France Now Accepts Cryptocurrency Donations
by Justin Szilard on settembre 25, 2018 at 13:06
UNICEF France, part of the larger UNICEF organization that is one of the largest humanitarian organizations in the world, now accepts nine different cryptocurrencies via their website, including Dash. Their webpage asks visitors to “Make a Donation In Cryptomonnaie”, details that […]
CoinText, Bitcoin Cash SMS-Based Wallet, Adds Dash
by Joël Valenzuela on settembre 24, 2018 at 17:10
CoinText, a popular SMS-based wallet service for Bitcoin Cash, has recently added Dash support in the United States and Canada. One of the first major services to prioritize Bitcoin Cash support or use it exclusively, CoinText operates cryptocurrency wallets via SMS text messaging commands. This […]
Dash Integrated Into Bitbns Exchange
by Justin Szilard on settembre 24, 2018 at 13:03
Bitbns, one of the leading exchanges in India, has integrated Dash into their platform and “customers of Bitbns will now be able to buy and sell Dash instantly using InstantSend on the exchange platform”, according to a press release given to Dash Force News. Bradley Zastrow, Dash Core […]
What Venezuela Is About to Teach Us About...
by Joël Valenzuela on settembre 23, 2018 at 13:01
Everyone by now knows that Venezuela is undergoing a significant economic crisis centered around the hyperinflation and sharp devaluation of its currency. This, of course, makes it a prime candidate for the narrative of cryptocurrency as a solution, and this country is often looked to as a perfect […]