Balance: N/A satoshi
100 (90%), 500 (10%) satoshi every 180 minutes.
What is Dash?
Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions. It allows you to keep your finances private as you make transactions without waits, similar to cash.
Darkcoin was rebranded into DASH
Keep your payments private so nobody can track you thanks to Darksend. Much lower than banks or credit cards, often even free. Payments are received instantly by the other party thanks to InstantX. Uses a decentralized network, so no centralized third party to trust. Advanced encryption and a 2-tier network for complete security. You can send money anywhere in the world.
What is Dash
Dash (DASH) is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that makes possible to improve upon it. Dash allows you to remain anonymous while you make transactions, similar to cash. With Bitcoin, transactions are published to the blockchain and you can prove who made them or to whom, but with Dash the anonymization technology makes it impossible to trace them.
This is important because the blockchain is accessible to anyone with an internet connection – a significant drawback for those don’t wish their transaction history and balances to be publicly available. Dash does this through a mixing protocol utilizing an innovate decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system. Dash transactions are almost instantly confirmed by the Masternodes network. This is a great improvement on Bitcoin’s system, where confirmations take much long because all the work is done by the miners.
What is DASH mining?
What is DASH mining?
Dash uses a special algorithm called X11 for the proof of work. X11 is one of the innovations introduced by Dash and has been widely adopted in the cryptocurrency community since its launch.
Dash can currently be mined both with GPUs and CPUs (mining hardware comparison here). The characteristics of X11 make it very unlikely that ASICs will be developed to mine it, at least in the short term.
If you are from the DASH community then please consider contributing to this article by submitting a pull request.
X11 Chained Hashing Algorithm
X11 is a widely used hashing algorithm created by Dash core developer Evan Duffield. X11’s chained hashing algorithm approach utilizes a sequence of eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoin’s were originally. ASICs will be much more difficult to make for these algorithms and should take years.
With chained hashing, high end CPUs give an average return similar to that of GPUs. An added benefit of the algorithm is that GPUs require approximately 30% less wattage and run 30-50% cooler than they do with Scrypt.
What is a Multi-Phased Fork (“Spork”)
In response to unforeseen issues with the rollout of RC3, the Dash development team created a mechanism by which updated code is released to the network, but not immediately made active (or “enforced”).