Dash (DASH)
Dash is an open source altcoinThe word “altcoin” is an abbreviation of “Bitcoin alte... More that was created from a fork in the BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... 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 workProof of Work (Pow) is a consensus model in blockchain techn... More consensusConsensus is a mechanism to achieve the necessary agreement ... 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 coinA Privacy Coin is a cryptocurrency that hides data about its... More. 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