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 Stress Test Processes Double Bitcoin’s...
by Joël Valenzuela on July 19, 2018 at 19:44
Dash underwent a network stress test, processing over double Bitcoin’s transactions without a performance decrease, validating long-term scaling plan. Over the course of a couple of days, the Dash network underwent an impromptu network capacity test, with well over a half-million transactions […]
Mastercard Gets Patent for Creating a...
by Justin Szilard on July 19, 2018 at 12:58
Mastercard, the global credit and payments processor, recently received a patent in the United States for a cryptocurrency and blockchain system that speeds up transactions by first running payments through fiat accounts. The document filed with the United States Patent and Trademark Office (USPTO) […]
Dash Continues to Provide Low Transaction Costs...
by Justin Szilard on July 18, 2018 at 17:01
Dash has historically maintained low transaction costs, which has allowed merchants and consumers to use Dash in everyday transactions. Dash currently boast a median transaction fee around $0.0005 USD and has fluctuated around $0.001 USD for the past few months. The highest the Dash transaction fee […]
Dash Trading Added to Evolve Markets, Furthers...
by Justin Szilard on July 18, 2018 at 12:56
Evolve Markets, the FOREX, commodities, indices, and cryptocurrency trading platform, has recently added Dash to its list of supported cryptocurrencies. Evolve will pair Dash against the USD, according to their blog post announcing the integration. Evolve Markets allows traders to leverage up to […]
Dash DAPI to Revolutionize Cryptocurrency...
by Justin Szilard on July 17, 2018 at 16:55
Dash is developing a Decentralized Application Programming Interface (API), or also known as DAPI, that aims to make development on the Dash network easier and faster, and thus, make the consumer experience more enjoyable. Dash DAPI will allow users to send/receive payments by talking directly with […]