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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IT Retailer MoreFrom Adds Dash Payments Through...
by Justin Szilard on Ottobre 23, 2019 at 20:36
MoreFrom, the UK based and multi-award-winning IT and office product independent retailer, will now enable consumers to make purchases via Dash and other cryptocurrencies thanks to a partnership with Utrust. MoreFrom sells over 200,000 products from over 600 brands in the computing, gaming, […]
Dash News Video Recap – Dash Platform...
by Mark Mason on Ottobre 23, 2019 at 17:34
This is a repost of the Dash News Recap video with presenter Heidi Chakos from our YouTube channel. This show is dedicated to keeping you up to date with recent Dash news highlights. Press That Like Button! Smash For DASH! Thanks For Watching Please Hit Subscribe […]
Hashrate, Profitability for Bitcoin Cash, SV, and...
by Joël Valenzuela on Ottobre 23, 2019 at 15:08
Top payment cryptocurrencies, including Bitcoin Cash, Bitcoin SV, and Litecoin, face future mining profitability issues and have seen hashrate drops, in contrast with Dash. Miner fee state. When will BCH/LTC/BSV miners turn off their equipment? pic.twitter.com/nrG09Qt5kb — WhiteRabbit […]
China Eyeing Own Cryptocurrency to Maintain...
by Justin Szilard on Ottobre 22, 2019 at 16:03
A New York times article discussed how Facebook’s announcement of the Libra has accelerated China’s efforts to create their own national digital currency. China previously started to looking into creating a national digital currency back in 2014 when the People’s Bank of China […]
Fidelity Fully Rolls Out Cryptocurrency Custody...
by Justin Szilard on Ottobre 21, 2019 at 14:38
Fidelity, the Boston-based financial services firm with $2.8 trillion USD under management, is fully rolling out its cryptocurrency custody service after launching in fall 2018 and adding some clients in a limited capacity at the beginning of 2019. Abigail Johnson, CEO of Fidelity, highlighted that […]