What is dash? Easily explained
In this article, we explain what Dash is. The cryptocurrency that has existed since 2014 wants to be faster and better than Bitcoin and pays special attention to data protection.
Dash - especially private cryptocurrency
Dash is one of many cryptocurrencies, such as Bitcoin or Ethereum. With her, transactions are not publicly viewable and therefore particularly private.
- In early 2014, Dash was launched with the name XCoin. Ten days later, the currency was renamed Darkcoin, only a short time later to finally take the name Dash. Dash is the abbreviation for "Digital Cash".
- Dash had a market cap of over $ 2 billion in early 2018. This makes the cryptocurrency one of the 5 largest alternatives to Bitcoin.
- The algorithm underlying Dash X11 is fast and secure. It is ASIC-resistant and mining is possible on CPUs and GPUs.
- Unlike other cryptocurrencies, it is not only miners who keep the network running at Dash. Instead, a two-tier architecture is used, which provides masternodes.
- 10% of the mining goes to the development team to ensure ongoing development. This consists of over 30 people and mainly works out of Arizona in the USA.
