Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions and a self-funded, self-governed organizational structure. Dash is a fork of the Bitcoin software and is referred to as an altcoin.
Dash was launched in January 2014 by Evan Duffield. The original name was XCoin before rebranding as Darkcoin and then Dash in March 2015. It began as a fork of the Litecoin project, before rebasing to become a fork of Bitcoin in January 2015.
|Old version, no longer supported: 0.8.x||Fork from Litecoin tree 0.8||18th January 2014|
|Old version, no longer supported: 0.9.x||Masternode implementation||13th March 2014|
|Old version, no longer supported: 0.10.x||PrivateSend implementation||25th September 2014|
|Old version, no longer supported: 0.11.0||Rebase on Bitcoin||15th January 2015|
|Old version, no longer supported: 0.11.1||InstantSend implementation||10th February 2015|
|Old version, no longer supported: 0.11.2||Rebrand from Darkcoin to Dash||4th March 2015|
|Old version, no longer supported: 0.12.0||Treasury implementation||15th June 2015|
|Old version, no longer supported: 0.12.1||Object-oriented governance system||6th February 2017|
|Old version, no longer supported: 0.12.2||2x block size increase, 10x fee reduction||8th November 2017|
|Current stable version: 0.12.3||Named devnets, performance improvements||3rd July 2018|
|Future release: 0.12.4||TBA|
|Future release: 0.13.x||Codename 'Evolution'||TBA|
Decentralized Autonomous Organization
Dash's self-funded, self-governed organizational structure, referred to as the treasury system or decentralized governance by blockchain, makes Dash a decentralized autonomous organization (DAO). A global network of masternodes vote on proposals for improving Dash's ecosystem. Approved proposals are funded from the treasury, which receives 10% of all newly created Dash, with 45% allocated to miners and 45% to masternodes. Running a masternode requires ownership of 1000 Dash.
Dash Funded Initiatives
The Dash DAO funds a number of initiatives.
ASU Blockchain Research Laboratory
Arizona State University's Blockchain Research Laboratory requested $350k in funding from Dash's treasury to create blockchain-focused scholarships, an online blockchain course and perform research pertaining to Dash. The proposal passed and Arizona State University received funding in December 2017.
Alt Thirty Six is a Dash-funded project that provides a payments platform for the legal cannabis industry in the United States. The company received $496,000 in funding from Dash's treasury.
An organization called Dash Venezuela has held 8 conferences as of 2018 in Venezuela aimed at community outreach and promotion of the cryptocurrency. It promotes Dash as a method of payment and operates a Spanish-speaking technical support centre for problems related to Dash.
KuvaCash is a Dash-funded startup that aims to offer a payment solution in Zimbabwe. The project received $550k in funding from Dash's treasury and passed with 871 votes in favour to 357 votes against.
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- Stevenson, John (29 May 2018). "City academic makes link between cryptocurrency trading and machine learning". City, University of London.
- Grant, Terry (18 Jan 2018). "Dash, Arizona State University Elevate Blockchain Research, Offer Graduate Course and Scholarships". FullCircle, Arizona State University.
- Garg, Yash (10 Jan 2018). "Dash Gives ASU a Grant to Fund Blockchain Initiatives". ASU Blockchain Research, Arizona State University.
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- "The U.S. town where Bitcoin thrives". Quest Means Business. April 2018. CNN International.
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- "Dash 0.12.2.0 Release Notes". GitHub. Retrieved 2018-08-03.
- "Dash 0.12.3.1 Release Notes". GitHub. Retrieved 2018-08-03.
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- Bergman, Adam (2 Mar 2018). "Taxation Of Cryptocurrency Proof Of Stake Transaction Fees". Forbes.
- Ringle, Hayley (19 Jan 2018). "ASU and Scottsdale cryptocurrency biz announce $350,000 agreement to accelerate blockchain technology". Phoenix Business Journal.
- Roberts, Jeff (17 Aug 2017). "Blockchain U: Arizona State and Digital Currency Dash Launch Research Lab". Fortune.
- Mizrahi, Avi (15 Oct 2017). "Payments Platform Alt Thirty Six Integrates Dash for Cannabis Sector". Finance Magnates.
- Adams, John (18 May 2018). "Crypto starts to chip away at cash's dominance in legal pot shops". Payments Source.
- Heun, David (13 Jun 2018). "Alt Thirty Six joins B2B cannabis marketplace to digitize pot payments". Payments Source.
- Dinkins, David (22 Oct 2017). "Digital Currency Looks to Solve Cannabis Industry's Cash Problem". Dash.
- Santambrogio, Clelia (15 May 2018). "Dash Venezuela continuará incentivando la adopción de la moneda a nivel personal, empresarial y de emprendimiento". Computerworld Venezuela (in Spanish).
- Akhtar, Tanzeel (26 Nov 2017). "As Zimbabwe Celebrates Mugabe Resignation, Bitcoin and Cryptos Reign Supreme". The Street.
- McFarlane, Gary (24 Nov 2017). "High-flying cryptos: Digital currencies and the bubble question". Interactive Investor.
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