Dash s background and recent developments - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans
11.12. 2017 11:03  | 

It is a cryptocurrency that have change name a couple times from the January 2014, when it was developed by the Evan Duffield. It was released behind the name XCoin, in February 2014 renamed to DarkCoin, and in March 2015 finally renamed to Dash, as a shortened from Digital Cash. It is open source, decentralized, peer to peer cryptocurrency that is aims to become the most user friendly cryptocurrency in the world.

Bitcoin was the first cryptocurrency in the world so it have some flaws. The main flaw is that transaction can be traced in the public ledger. Duffield had ideas how to solve this problems but he have some difficulties of convincing the Bitcoin core developers to solve the problems. After he did not succeed to convince them he decided to fork the Bitcoin code and create Dash.

There are some notable characteristics of Dash, like operating a two-tier network. First-tier handles mining, the second tier consisting of masternodes that handles functions like Private send which is a coin mixing service which adds privacy by adding multiple inputs form users and Instant send which is a service that allows instant transaction.

By the market capitalisation, Dash is fifth cryptocurrency in the world with $5.7 billion. Dash network since launched in 2014 has grown to 4,100 masternodes which is making this peer to peer network even more secure, maybe most secure and largest network in the world.

Dash it seems to became an alternative for traditional money, it surely has potential to do it due to better privacy and faster transaction. These days Dash is growing and have 30 full time employees, 20 part-time employees and many volunteers. The fact that Dash is growing we can justify with the examples of Dash\'s partnerships. Gift card operator BitCart started accepting Dash. BitCart offers 20 percent discount on Amazon purchases. Dash has also became the fourth cryptocurrency accepted on CryptoWoo. Another example is Venezuela based exchange Cryptobuyer is allowing Venezuelans to use Dash like regular payment method.

With partnerships like these, the adoption and usage of this cryptocurrency could only goes up, which is bringing pretty future for this currency.

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