Currency $DASH
is a digital cryptocurrency focused on privacy and transaction speed. Here are its main features:
Main Features:
· Private Transactions: The PrivateSend feature mixes coins to obscure the origin of transactions.
· Instant Transactions: The InstantSend service provides immediate confirmations for transactions.
· Decentralized Governance: A governance and voting system that allows Dash holders to participate in development decisions.
· Multi-Tier Network: Operates on a MasterNodes system that requires holding a certain amount of Dash to run a node.
History:
· Launched in 2014 under the name "Darkcoin", it was later rebranded to Dash.
· Founded by Evan Duffield.
Mining:
· Based on the X11 algorithm (a mix of 11 different cryptographic algorithms).
Uses:
· Used as a medium for exchange and a store of value.
· Popular in areas where privacy is required.