What is DASH?
Dash is an open source altcoinThe word “altcoin” is an abbreviation of “Bitcoin alte... More that was created from a fork in the BitcoinBitcoin is a digital currency (also called crypto-currency) ... More Protocol. Dash was formerly known as Xcoin and Darkcoin, but rebranded itself as Dash (a portmanteau of “digital cash”) in 2015 after Darkcoin become associated with its prevalence amongst dark marketplaces.
Dash runs on a proof of workWhat is proof of work in blockchain technology? Proof of wor... More consensusConsensus is a mechanism, usually used by most nodes on the ... More model, has a blockBlocks hold batches of valid transactions that are hashed an... More time of 2.5 minutes— 4 times faster than Bitcoin—and promises the capability of making either normal or “untraceable” transactions, making it a privacy coin. Normal transactions can be sent through InstantSend, which bypasses mining and requires a consensus of masternodes to validate a transaction, which increases the speed of the transaction. PrivateSend, on the other hand, makes transactions “untraceable” by mixing participating users’ unspent Dash before executing a transaction.