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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Feedbands Enables Greater Exposure for Unsigned...
by Justin Szilard on April 26, 2018 at 13:01
Feedbands is an online music streaming and subscription service that is enabling unsigned artists to distribute and sell their songs and merchandise for Dash, in addition to fiat. The internet age has brought a mixed bag for independent artists and bands since they are now able to get wider […]
MyDashWallet Enables Private Transactions on...
by Joël Valenzuela on April 25, 2018 at 17:58
MyDashWallet has released a number of improvements, including easy privacy functions and a powerful tipping platform. A web interface modeled after MyEtherWallet, MyDashWallet is a treasury-funded platform that allows for a web wallet experience, something that Dash had been lacking for years. The […]
Antpool will Allegedly Burn 12% of the Bitcoin...
by Justin Szilard on April 25, 2018 at 12:59
Antpool, a Bitcoin Cash mining pool, who composes 8.2% of all Bitcoin Cash transaction confirmations, announced via Twitter and Facebook that they will “burn” 12% of the Bitcoin Cash fees it receives. Burning a coin or token essentially means sending the coin/token “to a black […]
Gaining Traction in Developing World: Nigerian...
by David Dinkins on April 24, 2018 at 17:00
Nigerian cryptocurrency exchange CoinOYO recently announced the addition of Dash to its offerings. Concerning Dash, CoinOYO also gave a nice endorsement: “It is a good project backed by credible people.” Many in the developed world focus on large-scale integrations, hoping for uptake by […]
Wikileaks Calls for “Global Blockade” of...
by Justin Szilard on April 24, 2018 at 12:58
Wikileaks called for a “global blockade” of Coinbase this past Friday after Coinbase issued a letter intending to shut down Wikileaks’ shop on the Coinbase merchant network. Wikileaks said that “Coinbase has blocked the official @Wikileaks shop”, which sells various […]