Dash (cryptocurrency)

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Dash
Dash logo 2018 rgb for screens.png
symbol DASH
Publishing year 2014
Blockchain 10.60 GB (as of 03/2019)
Mining X11
Website www.dash.org

Dash (for English digital cash 'digital money' ), initially (2014-2015) also under the name XCoin or Darkcoin , is an open source - peer-to-peer - cryptocurrency with functionalities comparable to Bitcoin , but also beyond offers. Particular attention is paid to data protection . In contrast to other cryptocurrencies, Dash's transaction information is not public; this is made possible by the PrivateSend system (formerly Darksend ). Transactions are mixed up with those of other people and thus obscured. Ten percent of mining revenues go to the "Treasury" ( English treasury ) to development to finance community projects and marketing. X11 is used as the proof-of-work algorithm .

X11 is a chained hashing algorithm and consists of BLAKE , BMW, Grøstl , JH , Keccak , Skein , Luffa, CubeHash, SHAvite, SIMD and Echo. X11 is not resistant to the use of application-specific integrated circuits (ASICs) and is suitable for mining with CPUs and GPUs .

The market capitalization has increased sharply since the beginning of 2017 (3% of the total market capitalization of all cryptocurrencies) and was around 2.3 billion US dollars on September 14, 2017 . However, by November 2018, the market cap had halved to $ 1.1 billion. In September 2017, Dash was one of the five largest alternatives to Bitcoin after Ethereum and ahead of Monero , Ripple and Litecoin .

During the complete collapse of confidence in the Venezuelan Bolivar currency , Dash made efforts to be accessible to those parts of the country's population with limited technical capabilities. Remittances from abroad were vital for the population of the country and an important economic factor for the country, while freely convertible currencies were banned. A system was provided that also worked via SMS for people without a computer, tablet or smartphone. Dash became the most popular cryptocurrency in Venezuela.

See also

Web links

Individual evidence

  1. ↑ https://bitinfocharts.com/dash/
  2. ^ Tai-hoon Kim: A Study of Digital Currency Cryptography for Business Marketing and Finance Security . In: Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology . tape 6 , no. 1 , January 2016, ISSN  2383-5281 , p. 365–376 , doi : 10.14257 / ajmahs.2016.01.42 .
  3. ↑ a b Shi Chen, Cathy Yi-Hsuan Chen, Wolfgang K. Härdle, TM Lee, Bobby Ong: A First Econometric Analysis of the CRIX Family . Social Science Research Network , Rochester August 30, 2016, doi : 10.2139 / ssrn.2832099 .
  4. ↑ a b Garrick Hileman, Michel Rauchs: 2017 Global Cryptocurrency Benchmarking Study . Social Science Research Network , Rochester April 6, 2017, doi : 10.2139 / ssrn.2965436 .
  5. ^ A b U. Mukhopadhyay, A. Skjellum, O. Hambolu, J. Oakley, L. Yu: A brief survey of Cryptocurrency systems . In: IEEE (Ed.): 2016 14th Annual Conference on Privacy, Security and Trust (PST) . December 2016, p. 745-752 , doi : 10.1109 / pst.2016.7906988 .
  6. ↑ CryptoCurrency Market Capitalizations: Dash (DASH). In: CoinMarketCap. Retrieved September 15, 2017 .
  7. ↑ DASH Text , Dash Text, accessed June 18, 2020
  8. ↑ Nothing to eat, but free gasoline , SPON, February 5, 2019