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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- Bitcoin’s Biggest Ticking Time Bombby Joël Valenzuela on Maggio 26, 2019 at 13:59
‼️#BCH /#bcash was hit by 51% attack from just 2 miners, https://t.co/gZNf6P1G3l & https://t.co/2gkV6KUcCt – & no one seems to be talking about it. 🤨 Thread 👇🏻 1/ What I’ve gathered from loose details: First, there was an unintentional split […]
- This Week In Dash: May 20th – May 25thby Justin Szilard on Maggio 25, 2019 at 16:19
This week has continued to be an innovative and eventful week that enhances digital cash for everyday users. Continue reading to get a asummary of the week! Dash Developments of the Week: Dash Releases Version 0.14 Including ChainLocks 51% Attack Immunity: Dash Core Group’s latest release […]
- Dash Podcast 105 – Feat. Rob Odell and Aiden...by Mark Mason on Maggio 25, 2019 at 12:16
Video re-post of episode 105 of the Dash News podcast. This week we had special guests Rob Odell and Aiden McClelland from SALT Lending. The Dash News podcast is now available to listen to on the following platforms: Itunes Tunein Stitcher Google Play Overcast […]
- Bitcoin Fees Remain High As ChainLocks Weaken...by Joël Valenzuela on Maggio 24, 2019 at 16:42
Bitcoin’s fees have once again risen to the several-dollar range, with Dash’s ChainLocks upgrade lessening the value of paying more for security. With average BTC fees today sitting at $4.22, BTC cannot be used by half the world’s population. — Bitcoin (@Bitcoin) May 22, […]
- Cryptocurrency Scams Continue to Depend on...by Justin Szilard on Maggio 24, 2019 at 13:11
Two new major cryptocurrency scams have emerged, but the positive news in that they rely on misinformation to get users to part with their funds, which can be easily combated by proactive cryptocurrency groups. The first is that a security firm, ESET, noticed a lot of individuals being scammed by […]