What Is Dash (DASH)?
Dash is an open-source blockchain and cryptocurrency designed to offer a fast, low-cost, and globally decentralized payment network. According to the project’s whitepaper, Dash aims to outperform Bitcoin (BTC) by enhancing privacy and accelerating transaction speeds.
Originally launched in January 2014 as a fork of Litecoin (LTC), Dash—short for "digital cash"—has evolved to include advanced features:
- A two-tier network with incentivized nodes (including masternodes).
- InstantSend for near-instant payments.
- ChainLocks to immutably secure the blockchain.
- PrivateSend, an optional privacy feature for transactions.
👉 Discover how Dash compares to other privacy coins
Who Are the Founders of Dash?
Dash was created by developer Evan Duffield. Initially named XCoin, it rebranded to Darkcoin before settling on Dash in 2015. Duffield’s vision focused on addressing Bitcoin’s scalability and privacy limitations.
What Makes Dash Unique?
- Masternode Governance: Operators vote on proposals using a decentralized treasury system.
- Privacy Options: PrivateSend mixes transactions for enhanced anonymity.
- Speed: InstantSend confirms transactions in seconds.
- Self-Funding: 10% of block rewards fund ecosystem development.
👉 Learn about masternodes and their rewards
How Many Dash (DASH) Coins Are in Circulation?
Dash has a maximum supply of 18.9 million coins. As of 2024, over 11 million DASH are in circulation. New coins are mined via a hybrid Proof-of-Work (PoW) and masternode system.
How Is the Dash Network Secured?
Dash combines:
- PoW mining (like Bitcoin).
- Masternodes for governance and ChainLocks protection.
- 51% attack resistance through ChainLocks’ quorum system.
Where Can You Buy Dash (DASH)?
DASH is available on major exchanges like:
- OKX
- Binance
- Coinbase
Trade DASH against BTC, ETH, or stablecoins.
FAQs About Dash (DASH)
Is Dash a privacy coin?
Yes, but privacy is optional. PrivateSend obscures transaction trails, while standard transactions are transparent.
How do masternodes work?
Masternodes require a 1,000 DASH collateral and host full nodes. They enable InstantSend, PrivateSend, and governance voting.
What’s Dash’s transaction speed?
InstantSend processes payments in 1–2 seconds, compared to Bitcoin’s 10+ minutes.
Can Dash be mined?
Yes, using ASIC miners. Rewards are split between miners (45%), masternodes (45%), and the treasury (10%).
Why is Dash’s supply capped at 18.9M?
The fixed supply mimics Bitcoin’s scarcity model to combat inflation.
This guide covers Dash’s technology, use cases, and market position—optimized for clarity and SEO.
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