"Digital cash", DASH is similar to BTC, but it evolves into more practical applications and unique features. Open source peer to peer cryptocurrency, it can provide instant and private transactions with a function to replace currency.
The Dash network is protected by the Proof of Work (Consensus mechanism used by Bitcoin), and it uses the X11 algorithm based on 11 different hash functions. Its main node is a proof-of-service layer. These nodes also serve as trading mixers and boosters, and it also serves as a voting mechanism for the Dash management system.
Dash’s block rewards are divided into two layers (miners and master nodes). The miners received a 45% return, the master nodes received 45%, and the remaining 10% was allocated to the decentralized Dash budget system. The time for each block mining was 2.5 minutes, and each block gives miners 3.6 Dash rewards.
Considering the anonymity of Bitcoin and the transaction processing speed, Evan Duffield and his team started DASH R&D and officially established Dash in January 2014. At this point, Dash had completed relevant improvements on the basis of Bitcoin, in order to de-centralize the "host node" of the web server to mix transactions and improve the anonymity of the transaction. At the same time, based on the node, the transaction processing speed was improved, and thus decentralized and well-anonymized Dash was born.
Evan Duffield and his team
Total amount: 2,1000,000
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