Dash is instant and private Digital Cash. It is an altcoin that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization run by a subset of masternodes.
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- What is Dash?
- How was Dash launched?
- Who is the team behind Dash?
- What are Dash Masternodes?
Dash is a Cryptocurrency which has implemented features such as privacy, instant transactions and a self-funded governance framework.
Dash was formally launched as Xcoin in February 2014, which later on became “DarkCoin”.
It was eventually rebranded to Dash which is a portmanteau of “Digital Cash”.
On the first day of launch there was an ‘accident’ which caused about 2M coins being mined to the founders wallets.
Dash was initiated and launched by Evan Duffield and is now mainly managed through the Dash Foundation
Miners are rewarded for securing the blockchain and masternodes are rewarded for validating, storing and serving the blockchain to users.
Masternodes represent a new layer of network servers that work in highly secure clusters called quorums to provide a variety of decentralized services, like instant transactions, privacy and governance, while eliminating the threat of low-cost network attacks.