This self-dunging system makes Dash one of the most decentralized crypto projects.Ĭheck out the video below for a visual explanation of the Dash DAO and how it works. The entire voting and funding process is all on the blockchain. That is how Dash is able to hire and pay developers, marketing, legal, and other personnel from all over the world to build and grow its network. The Dash network uses 10% of all block rewards to fund its own development.Įvery time a block is mined, 45% of the reward goes to the miners, 45% goes to the masternodes, and the remaining 10% goes to the treasury. The Dash DAO operates a Decentralized Governance by Blockchain (DGBB) system where anybody with 5 DASH can submit a proposal that if approved, gets funded from the Dash treasury. Dash governanceĭash is a decentralized and open protocol that’s not under the control of any single entity or group but is managed by the community through the Dash DAO. In order to make DASH truly decentralized, Evan stepped from running the project in 2015 and thus the Dash DAO was born to run the network via on-chain governance. Over the years, DASH has shifted its focus from a pure privacy coin and aims to be the best payment coin for day-to-day purchases with optional privacy. Not satisfied with the associative meaning of the new name, the team decided to rebrand it to “Dash” (Digital Cash) in March 2015. Originally, the project was called “Xcoin” which was later changed to “DarkCoin”, probably to reflect its privacy nature. A brief history of DashĮvan Duffield forked the Bitcoin code to create and launch Dash on January 18, 2014. The cryptocurrency claims to be “better than cash” and is accepted by 159,000+ merchants all around the world, as a practical alternative to cash and credit cards.įurthermore, DASH is used in the international remittances market and is especially popular in regions with technical barriers to traditional payment systems, hyperinflation, etc.ĭash was created because Bitcoin failed to function efficiently as the peer-to-peer electronic cash it’s designed to be, due to high fees and slow transactions.Ĭheck out this video by the Dash team which highlights what the coin is, its unique benefits and features, etc. What is Dash (DASH)?ĭASH is a payment coin designed to be used for everyday purchases of goods and services globally, with instant settlements and near-zero fees. So without much ado, let’s analyse the fundamentals of DASH and then try to come up with some reasonable price predictions for the next fear years. Based on fundamentals, how much could DASH be worth in the next few months or years? That’s what I would be showing you in this Dash coin price prediction.Īfter reading this Dash coin price prediction, you’ll be able to see and decide for yourself whether DASH is a good investment opportunity for you or not.
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