Dash (DASH) is digital money. Dash cryptourrency really made a breakthrough on the uniqueness of its developments. Creator is Evan Duffield. First launch took place on January 18, 2014, but with the name Xcoin, then the currency was called Darkcoin and finally, in March 2015, the network made a rebranding becoming known as Dash. Theoretically, there is 22 million in circulation. Dash currency got the fifth place among the other cryptocurrencies by market capitalization in 2015.
Dash features
Dash transactions are supported by the PrivateSend service embedded in the client program and providing additional anonymity. In order to complicate transactions, incoming payments are divided by 100, 10, 1, 0.1. The obtained parts go through various complicating steps of anonymization - masternodes, the number of which the sender can determine. Operations of algorithm are performed on user sums in advance without increasing the time to wait for the transaction to complete.
Dash cryptocurrency is supported with instant transaction service InstantSend. The service mechanism solves the problem of double spending, which is inherent in other cryptocurrencies, by splitting the evaluation of each particular transaction into two options - the masternode community consensus mechanism and the standard block confirmation mechanism.
Dash uses its X11 hashing system, instead of SHA-256 or scrypt for proof of performance. X11 performs 11 stages of hashing, which complicates the use of specialized mining equipment, but it greatly improves the performance of the latest generation CPU by reducing power consumption and cooling resources.
[h2] Cryptocurrency features [/ h2]
1. Two-tier network. On the one hand, it increases transaction speed, on the other hand, it reduces security.
2. The DarkSend system is a function that ensures confidentiality by mixing coins.
3. InstanTX technology - instant payments through random anonymous resellers.
4. PrivateSend and Masternodes. Dash uses the transaction shuffling service and special network nodes for this, which complicates hacking and ensures good network security.
5. Hashing algorithms X11 system. Proof of performance in Dash is obtained through its X11 hashing system.
6. Mining in Dash is less energy intensive.
