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What is Dash

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.






Etymology

The name 'Dash' is a portmanteau of 'Digital Cash'.



History

Dash was launched in January 2014 by Evan Duffield. It was originally known as Darkcoin, but rebranded as Dash in March 2015.



Decentralized Autonomous Organization

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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