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 Forms $350,000 R&D Partnership with...by Joël Valenzuela on gennaio 17, 2018 at 19:39
Dash has announced a research and development partnership with Arizona State University (ASU), including an additional $350,000 in funding. Last August, a $50,000 grant was announced to form the Blockchain Research Lab with the Ira A. Fulton College of Engineering at ASU. Now, an additional […]
- Cryptocurrency Markets Correct to Early-December...by Joël Valenzuela on gennaio 17, 2018 at 15:14
The cryptocurrency markets have undertaken a sharp correction, falling nearly 50% this month. On Monday the 8th of January the markets took a significant dip, falling form a high of $829 billion to $702 billion over the course of the day. The market maneuvered in the $700 billion range until Monday […]
- Involving Institutional Investors in the Dash...by Joël Valenzuela on gennaio 16, 2018 at 14:14
Venture capital fund Rockshield Capital announced this month that it had invested in a series of blockchain-based companies, foremost on its Neptune Dash, a company focused on building and operating Dash masternodes and expanding the Dash ecosystem. Late last year, Neptune Dash closed a $20.7 […]