Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions and a self-funded, self-governed organizational structure. Dash is a fork of the Bitcoin software and is referred to as an altcoin.
The name 'Dash' is a portmanteau of 'Digital Cash'.
Dash was launched in January 2014 by Evan Duffield. It was originally known as Darkcoin, but rebranded as Dash in March 2015.
Dash's self-funded, self-governed organizational structure, referred to as the treasury system or decentralized governance by blockchain, makes Dash a decentralized autonomous organization (DAO). A global network of masternodes vote on proposals for improving Dash's ecosystem. Approved proposals are funded from the treasury, which receives 10% of all newly created Dash, with 45% allocated to miners and 45% to masternodes. Running a masternode requires ownership of 1000 Dash.
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