Dash can be used to make transactions in a more private and speedy manner because of these three features: Masternodes, PrivateSend, and InstantSend. How Can DASH be Used?ĭash has many features that provide it an edge over other cryptocurrencies like Bitcoin and Litecoin. Next, let’s look at each of the above-mentioned factors in detail to understand what makes Dash so unique. So, now you know how it all started for the Dash cryptocurrency.

As you can see from the chart below, the price of Dash started to increase at the beginning of 2017, and reached a high of $1540 on the 20 th December 2017. Since its launch in 2014, the DASH cryptocurrency was priced at less than $10 until the end of 2016. So, all of there technology is similar, but each has its own unique features.Īfter this technical error, Evan Duffield offered to relaunch the coin, but the Dash community disapproved of the proposal, and so the project continued as is. Note: A “fork” is when changes are made to a blockchain which causes the blockchain to split into two. 1.9 million is about 10% of the total Dash coins that will ever exist! A bug got introduced when the fork happened, resulting in the mining of 1.9 million DASH coins within the first two days. On January 28, 2014, the name was changed to “Darkcoin” before finally being renamed “Dash” on March 25, 2015.ĭash was forked from Litecoin, and Litecoin was forked from Bitcoin. Unlike Bitcoin, Dash’s network can fund itself to make further improvements on the DASH technology.ĭash, where ‘ Dash’ is a mixture of the words ‘ Digital’ and ‘ Cash’, was released on January 18, 2014, as “Xcoin (XCO)” by Evan Duffield. Not only does Dash cryptocurrency provide these benefits, but it also operates on a self-governing and self-funding model. I will elaborate more on Masternodes later as they form the backbone of the Dash network. It can achieve this with the help of a unique model that involves “ Masternodes”. In fact, Dash was built on top of the blockchain technology that Bitcoin uses, however, some significant improvements have been made to it.ĭash has gained popularity because it offers better privacy and higher transaction speeds than Bitcoin. How Can the DASH Cryptocurrency be Abused?ĭash cryptocurrency, like Bitcoin, is a digital currency that can be used to send or receive payments. Looking for the most secure place to buy BTC? I have collected the best-rated crypto exchanges that were approved as the safest platforms for buying BTC below, so take a look. So, by the end of this guide, you will have a good understanding of the Dash cryptocurrency, as well as its uses and features.Īre you ready to know the story of DASH? Well, let’s get to it. Not only that, but I will also talk about how secure the Dash cryptocurrency is, and how it can be bought, stored and used. In this guide, I will explain what the Dash cryptocurrency is, what makes it so special, and how Dash transactions work. I’m sure that you will also be surprised to find out that the name of this coin was changed twice before deciding on its final name - Dash.

The cryptocurrency Dash was launched in 2014, and has a total market cap of $920 million. Today I will answer a wide range of questions regarding this cryptocurrency that, in fact, ranks 15th out of all cryptos! Well, welcome to the guide about the Dash cryptocurrency.