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Dash (DASH)

Dash is an open source altcoin that was created from a fork in the Bitcoin 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 work consensus model, has a block 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.

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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