DASH (DASH)


Dash is an open-source peer-to-peer cryptocurrency that has all the features of Bitcoin, plus features such as InstantSend, PrivateSend and Decentralised Governance (DGBB). It was originally issued as XCoin (XCO) on 18 January 2014, then renamed Darkcoin on 28 February, and finally given its final name Dash on 25 March 2015, as a result of a combination of the words Digital Cash. Dash started as a so-called DAO, a de-centralised independent organisation. This means that decisions on the operation of the network are not made by a central organisation, but by the votes of a limited number of owners of coins. These are the so-called Masternodes, who help the blockchain to function in a variety of ways: for example, they are the ones who authenticate anonymous transactions and in return they share 45% of the newly mined coins. A further 10% goes into a central pool, which the aforementioned nodes can decide how to use. Dash's Private Send (PS) function, which allows anonymous transactions, must always be activated by the users in the wallets that support it. If someone uses the Private Send function, his coins are executed together with the transactions of two other users and transferred to a completely new wallet address. If necessary, this process can be repeated in 8 iterations, so that cryptocurrencies that are continually mixed up and then resent can, in principle, no longer be linked to the original sender's wallet. The transactions are carried out by the Masternodes, and although they cannot steal the cryptocurrencies entrusted to them, users are forced to trust the people who operate them.