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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Dash’s Ryan Taylor: “Bitcoin Screwed Up All...
by Joël Valenzuela on Luglio 15, 2019 at 18:11
Dash’s Ryan Taylor believes in the core technology underlying Bitcoin but believes it “screwed up all three” requirements for it to be used as a mass payments system. In a recent presentation at the local Phoenix chapter of Startup Grind, Ryan Taylor, the CEO of the Dash Core […]
Third-Party Dash Web Wallet MyDashWallet...
by Justin Szilard on Luglio 15, 2019 at 13:24
Late last week, it was discovered that the independently developed MyDashWallet was compromised by a hacker that was able to send users’ private keys to an external server, but once the vulnerability was revealed, Dash Core Group members assisted the developer in correcting the issue. The […]
Isabel pays with Dash Digital Cash at Pizzeria La...
by Mark Mason on Luglio 14, 2019 at 18:05
Dash News presenter Isabel Barrios visits Pizzeria La Romanina in Caracas, Venezuela and pays with Dash Digital Cash. Visit DiscoverDash.com and find merchants around the world that accept Dash Digital Cash! Pizzeria La Romanina Discover Dash Listing: […]
What the Crypto Price Reaction to Trump’s Tweet...
by Joël Valenzuela on Luglio 14, 2019 at 13:21
Earlier this week, the inevitable finally happened: the President of the US, often considered the most powerful man in the world, declared publicly his strong opposition to cryptocurrencies. This naturally caused a large stir in the community, with pundits and fans around the world tripping over […]
This Week In Dash: July 8th – July 13th
by Justin Szilard on Luglio 13, 2019 at 16:11
This week has been another productive week of Dash developments, integrations, and general news! Continue reading to get a summary of the week! Dash Network Developments of the Week: Alert – MyDashWallet has Major Bug Vulnerability: This week, it was revealed that MyDashWallet, developed and […]