Dash (formerly known as XCoin... then, DarkCoin) was established in 2014 by Evan Duffield. This is an added layer of protecting privacy that Bitcoin developers weren't keen on. Therefore, Evan set forth and developed his own. It's main, unique elements are 1.) a trustless, mixing system known as PrivateSend (or DarkSend). 2.) an InstantSend feature that allows for near-instant transactions (without fear of double-spend or long transaction times) by locking these transactions for verification by masternodes (see below). InstaSend times averaged 1.3 seconds.
Further, Dash has a two-tier network (opposed to Bitcoin's single-tier). Allowing miners to focus on creating new blocks; while a second layer of masternodes handle: PrivateSend, InstantSend, and governance functions. Masternodes must have at least 1,000 Dash on-hand.
Lastly, Dash is the first Decentralized Governance by Blockchain (DGBB); often referenced as the 'Treasury System'. With monthly, allocated funds to the Treasury System, Dash users are able to propose new concepts and request funding (via Votes). Users can use forums, like DashCentral, to lobby and post drafts- prior to submitting said project, for a vote.
What I learned:
Price of DASH: 0.07319441 BTC (approx. $1,159.39 USD)
Disclaimer: This information is for educational purposes only. Invest at your own risk.
