Dash (DASH)

About

Dash is a digital currency that offers enhanced privacy and transaction speed compared to traditional cryptocurrencies like Bitcoin. It was initially launched as Xcoin in January 2014 and later rebranded as Darkcoin before finally becoming Dash in March 2015. Dash operates on a two-tier network, combining miners and Masternodes. Masternodes are crucial for providing features like PrivateSend and InstantSend, which enhance privacy and speed of transactions. PrivateSend allows users to make anonymous transactions by mixing funds, making it difficult to trace the origin of the transaction. InstantSend enables near-instant transactions, making Dash more user-friendly. The Dash network also operates on a self-governing model, where 10% of mining rewards are used to fund network improvements. This unique structure allows Dash to continuously evolve and improve its technology, focusing on scalability and user experience.