Dash is a blockchain-based peer-to-peer cryptocurrency that was forked out of Bitcoin to offer faster and more private transactions to users than Bitcoin could deliver. It’s also a decentralized autonomous organization run by a subset of its users, which are called “masternodes”. The currency permits transactions that can be untraceable. It is an altcoin and in its early days it was subject to pump and dump speculation. It was rebranded as Darkcoin, which received press for being used in dark net markets. Dash was designed to allow transactions quickly and to have a swift governance structure in order to overcome shortfalls in Bitcoin. The Dash DAO uses the 10% it receives from mining to invest as the DAO chooses, using a decentralized voting system. This has allowed the creation of many funded organizations, including Dash Core Group, Inc. which supports continued development, integrations, and other activities of Dash. Dash is a blendword for Digital Cash and it runs on a network known as Masternode. Masternode runs the Dash digital wallet, facilitates transaction locking under InstantSend, coordinates coin mixing through PrivateSend, and enables a decentralized governance platform.
Original author – Evan Duffield, Kyle Hagan
Programming language of implementation – C++
Initial release – 18 January 2014
Development status – Active
Website – dash.org