Dash is a digital asset and underlying blockchain geared toward payments. DASH, the ticker name of the Dash cryptocurrency, runs on its own blockchain known as the Dash network. Dash touts a number of components and features, including a two-part blockchain system and an optional privacy feature.
How Dash works?
In 2014, Dash originated as a Litecoin (LTC) fork known as XCoin. The asset rebranded to Darkcoin and then changed the name again to Dash. At its core, Dash aims to provide a digital, simple and mobile version of money that is fast and offers optional privacy.
What makes Dash unique? Under the hood, the Dash blockchain (Dash network) operates via two parts: a proof-of-work (PoW) system composed of miners functioning with a proof-of-service (PoSe) system of masternodes. The two parts of the Dash blockchain each allow for different capabilities, such as certain basic transaction activities, made possible by the PoW part, and optional privacy allowed by the PoSe system.
How secure is Dash? Dash comes with features such as InstantSend and ChainLocks, which contribute to speed and security. Dash accomplishes its optional privacy feature via CoinJoin, a technology practice that compiles multiple transactions and wallets together to muddle tracking clarity.
Who is behind Dash? Dash masternodes make up a decentralized autonomous organization (DAO) that leads Dash. Each masternode must hold 1,000 DASH coins. Numerous other specifics exist within Dash, such as Dash Platform, which makes constructing decentralized applications (DApps) on the Dash blockchain possible.
DASH crypto price
Dash’s price can be expressed in United States dollars. The Dash price in USD has varied notably over the years, as evident in the Dash price chart above. See the top of the page for Dash’s price today and the Dash market cap. The Dash total supply, which happens to be the same number as the Dash circulating supply, is also available above in addition to other data.
