How much we missed you $DASH ๐
Let's remember the past
Look at the chart and you'll understand what I'm talking about ๐น
"Dash" is a digital currency that represents one of the most famous cryptocurrencies that appeared in the crypto market. Dash was launched in 2014, and it is a development of "Bitcoin" that aims to improve the speed, privacy and efficiency of transactions.
History and development of Dash:
1. Foundation:
- Dash was launched in January 2014 under the name "XCoin" before being renamed to "Darkcoin" and then to "Dash" in March 2015.
- It was founded by Evan Duffield, who was seeking to improve some aspects he noticed in Bitcoin, such as the speed and costs of transactions.
2. Technological innovations:
- Masternodes: The Dash network includes two types of nodes, regular nodes (similar to Bitcoin nodes) and "masternodes". Masternodes perform transaction verification and manage some of the network's special functions such as instant swaps.
- InstantSend allows for instant transactions that ensure fast confirmations, allowing Dash to be used for urgent buying and selling.
- Privacy (PrivateSend): This feature provides enhanced privacy by mixing transactions so that it becomes difficult to trace the source of funds.
3. Funding and Governance:
- Dash uses a unique funding model called "Self-Funding and Governance System". A certain percentage of each transaction is allocated to fund projects and initiatives related to the network.