Close Menu
    Crypto News Flash
    • News
      • Bitcoin News
      • Ripple (XRP) News
      • Success Stories
      • Shiba Inu News
      • Dogecoin News
      • Cardano News
      • VeChain News
      • IOTA News
    • Marketcap
    • Buy Crypto
      • Buy Bitcoin
      • Buy Litecoin
      • See all guides
    • Wallets
      • Bitcoin Wallet
      • Ethereum Wallet
      • Dogecoin Wallet
      • Aptos wallet
      • See all guides
    • Advertise
    • Crypto News Flash is Hiring!
    • English
    Crypto News Flash
    You are at:Startseite » Dash – an anonymous cryptocurrency with special features
    Coins

    Dash – an anonymous cryptocurrency with special features

    Jake SimmonsBy Jake Simmons15. May 20190
    Collin Brown By Collin Brown 1. July 2019
    5 Mins Read

    Dash (formerly called Darkcoin and also known as Digital Cash) is a digital currency that has secretly and quietly moved into the top 10 largest crypto currencies. It was developed by Evan Duffield in 2014 and, according to the founder, is the first crypto currency that can be used as digital cash. Dash thus pursues a similar goal as many other crypto currencies, but differs significantly from Bitcoin.

    You can find the current Dash price in our price chart. Furthermore you should have a look at our course overview page, here you can find the price of Bitcoin, Ethereum and over 2.000 other Altcoins.

    Dash – an anonymous crypto currency with special features

    It is an open source peer-to-peer cryptocurrency based on the Bitcoin code and therefore compatible with all relevant exchanges and wallets.

    With a new feature installed last year, Dash is like Monero able to handle completely anonymous transactions. This is made possible by the PrivateSend system, which hides or mixes all transaction information and is based on the Trustless Mixing protocol level. Here, transactions are mixed in equal fractions with other transactions and packed in a block so that it is no longer possible to trace which sender sent the transaction to which recipient.

    All Bitcoin transactions can be traced in a public Blockchainexplorer directory. In the case of Dash, this is only possible to a limited extent due to the data protection functions described. In the past, anonymous cryptocurrencies such as Monero, Dash or ZCash were suspected of being used for illegal purposes. However, there has never been any clearly substantiated evidence to prove this, so these allegations are considered groundless and have been dropped.

    Another innovative transaction method, “InstandSend”, makes transaction speeds of up to one second possible. The transaction fees are less than one Penny. In direct comparison to the competition, Dash is therefore considered to be very fast and inexpensive.

    Together we are strong

    Mining is used to make the Dash network work. The revenues (block rewards) generated by mining in the dash network are used in a different way than in a classic proof-of-work based crypto currency. The revenue generated will be divided 45-45-10 between Miner, Masternodes and the Dash budget.

    The Dash Budget is also known as the Dash Treasury Fund and represents 10% of all monthly income. Through this refinancing of the project, Dash is not dependent on donations or external donors to raise funds for the progress of the enterprise. This fact has already been controversially discussed at international level, as on the one hand it contributes to steady progress. On the other hand, however, it is not always 100% transparent into which areas or places the money flows.

    In total, the proceeds will be used for future research, community projects and marketing. In addition, all participants in the network are rewarded according to the incentive model, so that financial resources are made available to all actors. This allows the technical resources to be adapted to the performance requirements of the network.

    Furthermore Dash is ASIC-resistant and suitable for CPU mining as well as GPU mining. x11 is used as the proof-of-work algorithm. X11 is a hashing algorithm that uses 11 different algorithms to secure the network.

    The organisational structure of Dash DAO uses the DGBB, a governance system that helps to decide on steps and measures effectively and quickly. The most prominent example of such a problem was the strong unrest within the Bitcoin community where the decision to activate SegWit was made.

    The same scaling problem, increasing the block size, occurred in the dash network, but the problem was solved within 24 hours. The core development team submitted a proposal, which was accepted with a majority of over 99% of all votes.

    Master nodes have a special position within the network. A master node within the Dash network is similar to a full node as in other proof-of-work systems. A masternode is deposited with a security of 1000 dash and is the only one within the DGBB entitled to vote. If you want to operate a Masternode you will find further information on this page.

    Is it worth investing in Dash?

    Dash is an Altcoin with great potential, but has been performing few updates within the Dash ecosystem for some time. The former high-altitude flight in which a Dash-Coin was traded for a price of over 1,000€ seems to be over for the time being.

    The decentralized management of the Dash network ensures that the project is continuously developed on a global level and that decision-making is balanced. The PrivateSend and InstaSend functions make Dash a potential candidate that could be used in the long run as a legal tender in countries around the world. The next time will show in which direction the network develops.

    Last updated: 01/07/2019

    [ratings]
    Darkcoin Dash Digital Cash
    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
    Previous ArticleWhat’s Decred? – A Beginner Guide to the DCR Token
    Next Article What is VeChain (VET)? – Blockchain-as-a-Service
    Jake Simmons
    • Website
    • X (Twitter)

    Jake Simmons was the former founder and managing partner at CNF. He has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he has been involved with the subject every day. Prior to Crypto News Flash, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. Business Email: [email protected] Phone: +49 160 92211628

    Related Posts

    Shiba Inu (SHIB) Rally Turns 358 Investors into Millionaires—More to Come for SHIB Holders?

    Did Libra Token Pay for Javier Milei’s Endorsement? New Report Raises Questions

    Ethereum Holders Are Moving ETH—Here’s Why

    Ripple v. SEC: Could Judge Torres Reverse Her Ruling? Expert Weighs In
    21. May 2025
    Dogecoin Q2 2025 Prediction: Breakout or Breakdown Ahead?
    21. May 2025
    XRP Investors line up for Nimanode Presale, could this be the most Impactful XRP Launch?
    21. May 2025
    XRP and Solana Pushing Higher — But MAGACOIN FINANCE, Linked to Bitcoin, Is Leading the Rotation
    21. May 2025
    ABOUT US AND ADDITIONAL INFO
    Crypto News FlashCrypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies.

    About us
    Contact us
    Editorial Guidelines
    Terms of Use
    Legals
    Data protection policy
    Cookie Policy

    *= Affiliate-Link

    Charts
    • Bitcoin Price
    • Ethereum Price
    • XRP Price
    • Litecoin Price
    • Bitcoin Cash Price
    • EOS Price
    • Cardano Price
    • Tron Price
    • IOTA Price
    • Monero Price
    Buy Cryptocurrencies
    • Buy Bitcoin
    • Buy Ethereum
    • Buy XRP
    • Buy Litecoin
    • Buy Bitcoin Cash
    • Buy EOS
    • Buy Cardano
    • Buy Tron
    • Buy IOTA
    • Buy Monero
    Wallets
    • Bitcoin Wallet
    • Ethereum Wallet
    • XRP Wallet
    • Litecoin Wallet
    • Bitcoin Cash Wallet
    • EOS Wallet
    • Cardano Wallet
    • Tron Wallet
    • IOTA Wallet
    • Monero Wallet
    Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions.

    Type above and press Enter to search. Press Esc to cancel.