Dash.org is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project’s white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions. Dash, whose name comes from “digital cash,” was launched in January 2014 as a fork of Litecoin (LTC).
Since going live, Dash.org has grown to include features such as a two-tier network with incentivized nodes, including “masternodes,” and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.
Important Points Table Of Dash.org
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How to Buy the Dash.org (DASH) Coin & Trade On Exchange?
Buying DASH Is Very Easy Task . Just Find Exchange Where DASH Available & Buy Through Your Credit & Other Altcoin .
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Dash is KYC/AML compliant
Dash’s transaction rules are identical to Bitcoin, and therefore for regulatory and compliance purposes Dash can and should be treated identically to Bitcoin. BlockchainIntel and Coinfirm are KYC/AML service providers that offer services covering the Dash blockchain.
Grow your business with Dash
Integrating Dash is easy and you have full control over how your funds are handled. Convert Dash to your local currency instantly, hold it all, or something in between.
E Commerce Plugin
Shopify, WooCommerce, Magento or ZenCart are just a few ways you can integrate Dash.
Dash APIs allow you to customize payments that fit your business needs.
Turnkey solutions so you can rest easy.
Auditing & Reporting
Easy to audit, easy to integrate in your current workflow.
Who Are the Founders of Dash?
Dash was founded by software developers Evan Duffield and Kyle Hagan. The project was originally called XCoin, changing its name to Darkcoin two weeks later before rebranding again to Dash in March 2015 in an effort to positively change its image.
Before launching Dash, Duffield was a software developer with experience in finance, from his time working at Hawk Financial Group, as well as in public relations, having developed machine learning algorithms and search engines. He first conceived of Dash in 2012 as a way to add more anonymity to Bitcoin — hence, originally calling it Darkcoin.
Duffield has claimed that he started it as a hobby, coding it in just one weekend. Duffield served as CEO of Dash Core Group — the company that supports the continued development, integrations and other activities of Dash — until December 2017 when he stepped down to focus on other strategic initiatives.
What is Dash Platform?
Dash Platform is a technology stack for building decentralized applications on the Dash network. The two main architectural components, Drive and DAPI, turn the Dash P2P network into a cloud that developers can integrate with their applications.
Payments Infrastructure for Developers
Enable your application with the financial power of the Dash cryptocurrency — borderless, instantly transferrable, and supported by a decentralized cloud providing robust payments infrastructure.
Application Data Storage
Enhance your financial applications with robust user metadata. Leverage the blockchain to store data in a document-oriented database.
How Is the Dash Network Secured?
Dash uses a two-tier network to secure its transactions. The first tier consists of nodes that carry out mining operations under a proof-of-work consensus protocol, meaning that they compete to solve complex cryptographic problems and at least 51% of nodes must approve a transaction for it to be added to the blockchain.
The PoW algorithm used by Dash is called “X11” — a custom hashing algorithm developed by Dash founder Duffield that uses a sequence of 11 hashing algorithms. According to Dash’s documentation, X11 is “one of the safest and more sophisticated cryptographic hashes in use by modern cryptocurrencies.”
The second tier consists of masternodes operating under a proof-of-service consensus algorithm in which masternodes are rated based on their history of providing good services to the network. Masternodes oversee the network and have the power to reject new blocks added by nodes if they were approved improperly.
They also enable Dash’s ChainLocks feature, which increases security because every 12 hours, a rotating group of masternodes observe and confirm all new blocks added to the blockchain. Dash’s developers have stated that this protects the network against 51% attacks.
Where Can You Buy Dash (DASH)?
As one of the more popular altcoins, Dash can be purchased on most major cryptocurrency exchanges, including Binance, Coinbase Pro, Huobi Global, Kraken and OKEx. It can be traded against fiat currencies, cryptocurrencies such as Bitcoin and Ether (ETH), and stablecoins such as Tether (USDT) and USD Coin (USDC). It can be bought and sold on both spot and derivatives markets. Are you interested in buying Dash or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.