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DigitalCash (DASH) Logo
$ 1.07 B
DASH 1.76 M
~ 22.00 M
Total Coins Mined
~ 9.29 M
*General last updated 01/27/20 6:03:19 AM
Formerly known as Darkcoin and XCoin, DASH is an open source peer-to-peer cryptocurrency. On-top of Bitcoin’s feature set, DASH provides users with instant transactions (instantSend), and ensures activity history and balances are kept private. Operating a self-governing and self-funding model gives everyone a voice and the opportunity to propose projects directly to the network. Dash’s decentralized governance and budgeting system makes it a decentralized autonomous organization(DAO). DASH was created by Evan Duffield in January 2014 released as XCoin, later that month the name was changed to Darkcoin. The DASH branding began in March 2015.
The DASH core team is now comprised of 30 full-time employees, 20 part-time employees, and many more unpaid volunteers. The team is appointed by the Network and funded from the Blockchain on a monthly basis to develop Dash’s core technology.
A DAO can be described as an organization of users who communicate with each other by a network protocol which governs the end-to-end processes of timely, secure and managed data or network communication via a ruleset.
What differentiates DASH’s DAO to Bitcoin’s DAO is that DASH’s DAO block reward is divvied up in three parts. 45% goes to the DASH miners, another 45% goes to the Masternodes. The remaining 10 percent is set aside for expenses necessary to uphold the network. This 10 percent helps DASH avoid any grants or corporate sponsorships to be able to hire their own developers, researchers, and anyone else the network would require in the future.