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 Added to TurtleNetwork DEX Decentralized...
by Justin Szilard on Settembre 17, 2019 at 14:26
Dash has been added to the TurtleNetwork DEX decentralized exchange, growing decentralized trading options. TurtleNetwork is a decentralized exchange that enables “Open, Trusted, Secure, Distributed Blockchain Network for Everyone”. The integration of Dash joins BTC, LTC, WAVES, DOGE, […]
Coinbase Pro Confirms Dash Deposits 12 Times...
by Joël Valenzuela on Settembre 16, 2019 at 20:17
Dash deposits have been added to Coinbase Pro, which recognizes them as confirmed and secure after two confirmations, or 12 times faster than Bitcoin. Our DASH/USD and DASH/BTC order books will soon enter transfer-only mode, accepting inbound transfers of DASH in supported regions. Orders cannot be […]
SafePal Hardware Wallet Integrates Dash,...
by Justin Szilard on Settembre 16, 2019 at 13:59
Cryptocurrency hardware wallet Safepal, which claims to be “the first hardware wallet invested and backed by Binance,” integrated Dash support, expanding options for Dash customers to store their funds with heightened security. The hardware wallet announced last week the addition of […]
Why the Dash Coinbase Listing Signals a New Era...
by Joël Valenzuela on Settembre 15, 2019 at 14:49
In case you missed it, last week Dash was announced to be listed on Coinbase Pro, the exchange powering the popular Coinbase platform. Many were skeptical that anything like this would ever happen due to a longstanding history of adding just about every other asset they could. This breakthrough […]
This Week In Dash: September 9th – September...
by Justin Szilard on Settembre 14, 2019 at 20:23
This week has been another fantastic week in Dash with plenty of integrations and general news. Continue reading to get a summary of the week. Dash Integrations of the Week: Dash Added to Coinbase Pro Cryptocurrency Exchange: The major cryptocurrency exchange platform announced that they would be […]