EasyBit | Coin Specs DASH Exchange

Type

COIN

Algorithm

X11

Protocol

POW+ Mast

Start Date

18/01/2014

Max Supply

18,900,000

Circ. Supply

10,459,674

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Explorer

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Intro

Dash is an open source peer-to-peer cryptocurrency with a strong focus on the payments industry. Since its creation in 2014, Dash has demonstrated leadership in innovation and offers a form of money that is anonymous, portable, inexpensive and fast. It can be spent securely both online and in person with only minimal transaction fees. Based on the Bitcoin project, Dash aims to be the most user-friendly and scalable payments system in the world. In addition to Bitcoin's feature set, Dash currently also includes a second-layer network of masternodes to facilitate instant transactions (InstantSend), private transactions (PrivateSend) and governance functions to create a self-governing and self-funding network capable of paying individuals and businesses for work that adds value to Dash. This decentralized governance and budgeting system makes it one of the first ever successful decentralized autonomous organizations (DAO).

The Dash Network is governed by masternodes, servers backed by collateral held in Dash designed to provide advanced services securely and governance over Dash's proposal system. In exchange for part of the block reward, masternodes provide a second layer of services to the network. They facilitate functions such as InstantSend, PrivateSend, and ChainLocks, which reportedly protect Dash against 51% mining attacks.

Dash governance system, or treasury, distributes 10% of the block rewards for the development of the project in a competitive and decentralized way. This has allowed the creation of many funded organizations, including Dash Core Group, Inc. (DCG), which supports continued development, integrations, and other activities of Dash.

Features

Masternodes
In addition to traditional Proof of Work (PoW) rewards for mining Dash, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Dash can offer innovative features in a trustless and decentralized way. Masternodes are used to power PrivateSend, InstantSend, and the governance and treasury system. Users are rewarded for running masternodes; 45% of the block reward is allocated to pay the masternode network.
PrivateSend
PrivateSend gives you true financial privacy by obscuring the origins of your funds. All the Dash in your wallet is comprised of different inputs, which you can think of as separate, discrete coins. PrivateSend uses an innovative process to mix your inputs with the inputs of at least two other people in a single transaction, so the value in Dash never leaves your wallet. You retain control of your money at all times.
InstantSend
InstantSend technology will allow for cryptocurrencies such as Dash to compete with nearly instantaneous transaction systems such as credit cards for point-of-sale situations while not relying on a centralized authority. Widespread vendor acceptance of Dash and InstantSend could revolutionize cryptocurrency by shortening the delay in confirmation of transactions from as long as an hour (with Bitcoin) to as little as a few seconds.
ChainLocks
ChainLocks are a feature provided by the Dash Network which provides certainty when accepting payments. This technology, particularly when used in parallel with InstantSend, creates an environment in which payments can be accepted immediately and without the risk of Blockchain Reorganization Events.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.

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