Dash

About

Dash is a digital currency designed to facilitate fast and private transactions. It was initially launched as Xcoin in January 2014 and later rebranded as Darkcoin before adopting its current name, Dash, in March 2015. Dash is built on a two-tier network that includes both miners and Masternodes. The Masternodes are responsible for enhancing transaction speed and privacy through features like InstantSend and PrivateSend. This system allows for quick transaction confirmations, similar to those of physical cash. Dash operates as a decentralized autonomous organization (DAO), enabling its community to participate in governance decisions. The network allocates a portion of its mining rewards to fund its own development, ensuring continuous improvement. With an average transaction fee of $0.01, Dash offers an affordable and efficient payment solution. Its open-source nature and compatibility with Bitcoin components make it a scalable and user-friendly cryptocurrency. Dash's unique features and governance model set it apart in the blockchain economy.