Dash (DASH) Profile

Dash Token Profile (PDF)

Dash is one of the oldest and largest cryptocurrencies. It was originally created to address the lack of anonymity in the Bitcoin network and its PrivateSend application is one of its most popular features. The protocol also features nearly instantaneous transactions, called InstantSend. These two features, along with traditional transactions, make Dash unique in the digital asset ecosystem. Both InstantSend and PrivateSend are enabled by masternodes, which are like centralized servers in the Dash network, a structure pioneered by the protocol and now embraced by other cryptocurrencies. However, Dash’s privacy features are not as robust as other privacy preserving currencies, like Monero or Zcash. PrivateSend is a form of transaction mixing, one of the oldest privacy preserving techniques, and falls short when compared to more modern techniques. Those new to cryptocurrencies probably are unaware of Dash controversial origins. Originally launched in early 2014 as a fork of Litecoin under the name “XCoin”, a large number of tokens, approximately 24% of the current supply base ($1.4B at today’s price), was mined in the first 24 hours in what is now called “the Instamine.” “XCoin” went on to rebrand as “Darkcoin” and then finally as “Dash”, short for “digital cash.” One of the things we think that Dash got right was their focus on community building since digital assets benefit from network effects.