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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WinstantPay Integrates Dash InstantSend Solving...
by Justin Szilard on Marzo 21, 2019 at 17:14
WinstantPay is a global payment network, which has been “serving financial institutions of all sizes for the last 18 years with financial services, software development, and business support”, recently integrated Dash. WinstantPay will be harnessing the power of Dash InstantSend to […]
Large Cache of Crypto Vulnerabilities Highlight...
by Justin Szilard on Marzo 21, 2019 at 13:04
Hacker One reported that there were 43 different vulnerabilities in thirteen different cryptocurrencies between the months of February and March of this year, which demonstrates the added value of bug bounty programs. The vulnerabilities were spread across Brave, EOS, Monero, Unikrn, OmiseGo, […]
CoinDirect Exchange and Wallet Adds Dash
by Joël Valenzuela on Marzo 20, 2019 at 19:24
You can now conveniently buy/sell #Dash using Coindirect's new Euro Wallet. Buy and sell Dash for Euro's easily in SEPA Countries, find out how… @Dashpay @DashEmbassy @DashpayNews @StayDashy https://t.co/OJIhR9dM5g — coindirect (@coindirectcom) March 19, 2019 CoinDirect has added Dash […]
Report: Majority of Exchange Volume is Fake,...
by Justin Szilard on Marzo 20, 2019 at 13:09
A new report from trading analytics platform, The Tie, warned that around 90% of reported trading volume could be incorrect. The report gathered exchange data from 97 exchanges and compared smaller, lesser well known exchanges to larger, more well known exchanges, like Binance and Kraken. They […]
CoinLogiq Launches New Way to Send Dash...
by Justin Szilard on Marzo 19, 2019 at 12:59
CoinLogiq, the popular Latin American cryptocurrency ATM service, has launched “LogiqPay” as a new and innovative way to send remittances to loved ones. The video illustrates how easy it is for individuals to send money from a laptop by approving a certain amount to send and giving the […]