CMC#	Market Cap (USD)	Volume (24hr)	Circulating Supply	NVTS	Change (7d)	Change (24h)	Savings Per 1K
28	$698,476,000.00	$557,254,000.00	9,768,490 DASH	--	1.17%	-3.23%	-$836.59

Background

Dash is a native blockchain token based on the Bitcoin protocol. Dash began life as XCoin, a fork of the Bitcoin codebase and developed by Evan Duffield. It subsequently rebranded as Darkcoin, and finally Dash. Dash Core Group, Inc. leads development and maintenance of the project. DASH is a decentralized POW cryptocurrency with 2 focus areas: Payments and Privacy. The project was founded and the first block mined on January 18, 2014. Their goal is to become the Paypal of cryptocurrency and make payments as secure, fast, and private as possible. DASH is becoming one of the go-to options for payments in high inflation, weak fiat currency countries, most notably Venezuela. DASH believes that instant transaction confirmations are required to be successful as a payment based cryptocurrency. To achieve this the block times are 2.6 minutes (unlike every 10 minutes for Bitcoin). Block sizes are currently 2MB and on-chain scaling will allow DASH to go up to 400MB. Dash is a Proof of Work blockchain, but in addition to miners it also employs a network of masternodes to increase participation and add functionality to the ecosystem. Masternodes offer DASH users the option to send fast and/or more private transactions for a fee. Masternode operators must stake 1000 DASH, for which they receive a dividend of approximately 8% per year. Masternodes enable two key features on the Dash network - PrivateSend and InstantSend.

Technology

DASH uses the X11 chained POW hashing algorithm and can be mined with CPU, GPU, or ASIC chips. X11 provides 11 hashes making it one of the safer cryptographic hashes used in the cryptocurrency market. Unlike Bitcoin, who restricts supply with its halving of the block reward every 4 years, DASH reduces its block reward 7.14% every year. PrivateSend improves DASH fungibility through a mixing process. Wallets will break the desired amount of DASH down into common denominations, and send a special request to the masternode network. A masternode receiving one of the standard denominations will put out a request for two more of the same, and then generate a transaction that outputs the mixed coins to the addresses requested. This process can be repeated up to eight times per PrivateSend transaction. InstantSend enables fast transaction times by allowing the masternode network to lock funds in advance of the next block. When a masternode receives an InstantSend transaction, it broadcasts the request to the masternode network. If the network votes that the transaction is valid, the funds are locked and can no longer be spent by the sender. Both parties can now trust that the transaction will be completed without having to wait for the next block. Dash employs the X11 hash algorithm for Proof of Work. This was originally intended to prevent ASICs from mining the chain, however, X11 capable ASICs are now on the market. X11 is a chained sequence of 11 common hash functions, and in theory, will reduce the potential harm to the network if any one of these is broken. Dash uses the open source algorithm Dark Gravity Well to adjust the difficulty every block. Both Dark Gravity Well and X11 were developed by Evan Duffield.

Trading Simulator

Balance (PUSD)

Buy

Quantity Price
Total (Play USD)
Buy

Sell

Quantity Price
Total (Play USD)
Sell

Trades

• No data is available yet.

Back to Coin Listing