Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Dash Forum => Topic started by: Domithra on April 02, 2018, 11:40:39 AM
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Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin's SHA-256 or Litecoin's Scrypt), it relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners. At the time of writing, it holds a firm position in the top 10 of cryptocurrencies by market capitalization.
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Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin's SHA-256 or Litecoin's Scrypt), it relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners. At the time of writing, it holds a firm position in the top 10 of cryptocurrencies by market capitalization.
At that time, the eleventh basic DASHcoin creation algorithm was called X11. The purpose of creating XCoin using the X11 algorithm is to make the XCoin base system more secure than other crypto currency algorithm systems using only one basic algorithm, such as Bitcoin (BTC) with SHA256, Bitcoin Gold (BTG) with Equishash, or Litecoin (LTC) with Scrypt.
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Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin's SHA-256 or Litecoin's Scrypt), it relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners. At the time of writing, it holds a firm position in the top 10 of cryptocurrencies by market capitalization.
To add to your points, Dash was originally released as XCoin (XCO). In February 2014, the name was changed to “Darkcoin”. And on 25 March 2015, Darkcoin was rebranded as “Dash”. Evan Duffield was the founder of dash crypto.
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I think that is very interesting
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10 THINGS YOU NEED TO KNOW ABOUT DASH
1 — Dash was launched in January 2014 – then called Darkcoin – by developer Evan Duffield, whose ideas about privacy didn’t find much traction among Bitcoin’s core developers. Hence the coin’s distinguishing feature: a protocol-level, trustless mixing service called DarkSend, soon to be re-branded as PrivateSend.
2 — Because it has a Bitcoin codebase, Dash is compatible with all existing merchant, exchange, and wallet software that’s previously been written for Bitcoin.
3 — Since launch, Dash has successfully implemented a function called InstantSend, which offers a confirmation within an average of 1.3 seconds to users who choose to pay the fee.
4 — The network’s block time is every 2.5 minutes and its mining difficulty is able to be adjusted up to every single block, using an algorithm called Dark Gravity Wave.
5 — The currency’s mining algorithm is called X11 and its current ASIC-driven hashrate is roughly 500 gigahashes per second.
6 — The current block reward is 3.88 Dash and this amount decreases by 7.1 percent each year giving Dash a slow and steady emissions curve nearing zero at around 22 million coins.
7 — When measuring node count by market cap, Dash’s infrastructure robustness is more than an order of magnitude higher than the competitors of say, Bitcoin or Ethereum.
DashGraph via DashPay Magazine
8 — The network’s block reward is paid out to three separate groups: 45 percent to miners for security; 45 percent to masternodes for InstantSend and PrivateSend functions; with the remaining 10 percent – the treasury – equaling roughly $1 million USD worth of Dash per year, paid out to developers, marketers, auditors, and anyone else who’s approved for a project.
9 — Masternodes prove a 1,000 Dash collateral holding, which gives them proper incentives to provide governance. Their democratic votes decide both who should get funding from the treasury, and the direction that development should go.
10 — The project’s next major development, dubbed “Evolution,” is slated for release in late 2017 and will make many of the features above automatic and obscured away from the user. This will make for a digital cash that even your mother could use.
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DASH is really cool, the name says it all
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That's kind of intersting, I knew a little about Dash and now I am more educated about this lovely coin. I think I will google it a bit more.
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That's kind of intersting, I knew a little about Dash and now I am more educated about this lovely coin. I think I will google it a bit more.
Same her partner i am grateful to this forum
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Hello, can you help me with a little info about DASHcoin???
I have 25.000 MUSDcoins ... can I convert a big part of them to Dash???? and if yes...How can I do this thing???
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Dash sounds be the next big thing that will surprise the markets of cryptocurrency. Dash have doing well so far and will make things to come to its own progress.
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Dash is a very popular alternative cryptocurrency with a focus on transaction speed and privacy.It relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners.At the time of writing it holds a firm position in the top 10 of cryptocurrencies by market capitalization.Dash was originally released as XCoin (XCO).In February 2014, the name was changed to “Darkcoin” and on 25 March 2015.Darkcoin was rebranded as “Dash”.Evan Duffield was the founder of dash crypto.
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Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin's SHA-256 or Litecoin's Scrypt), it relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners. At the time of writing, it holds a firm position in the top 10 of cryptocurrencies by market capitalization.
Dash is unlike other cryptocurrency projects like Ethereum or Stratis which are more of a development platform. Dash advocates itself as peer-to-peer decentralized electronic cash.
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Dash (known earlier as Darkcoin) is a very popular alternative cryptocurrency with a focus on transaction speed and privacy. Instead of using a single mining algorithm (like Bitcoin's SHA-256 or Litecoin's Scrypt), it relies on X11 - a collection of 11 algorithms which are there to ensure fair distribution of coins between miners. At the time of writing, it holds a firm position in the top 10 of cryptocurrencies by market capitalization.
Yes , I agree mate. I like dash because the speed transactions of dash. It is very good coin.
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Dash has developed a decentralized system to govern and fund the future development of the project. Anybody can come up with a project to help develop the Dash ecosystem and submit it to the network. The proposal will then be voted on by Masternode owners and if approved by at least 10% of the network’s Masternodes, the proposal will be considered approved.
In the meantime, every time a miner solves a block, 45% of the block reward goes to the miner and 45% goes to support the second tier of the network. Ten percent of the block reward is not created at that time--it is withheld by the Dash network. Once a month the DASH that was withheld is created by “superblocks.” These blocks, one per approved proposal, create the DASH needed to pay the proposals.
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Dash is an open source peer-to-peer cryptocurrency and decentralized autonomous organization. It features instant transactions, private transactions and a self-funded, self-governed organizational structure