Dash was created by developer Evan Duffield in January 2014. Originally known as Darkcoin, a name that highlighted its privacy and anonymity features, Duffield changed the name of Darkcoin to Dash, which stands for digital money, in 2015.
Now that we have learned a bit of its history, I now proceed to describe what it really is: Dash, one of the first prominent alternative cryptocurrencies, was among a group of early projects to copy and modify the code of Bitcoin in an attempt to reach to a broader market. But Dash would go on to differentiate its technology considerably in the wake of its 2014 launch, adding new features aimed at making transactions work more like traditional online payments.
InstantSend: for example, allowed users to transfer DASH without waiting for transactions to be confirmed on the Dash blockchain. Instead, users could send cryptocurrency to special nodes (called Masternodes) that would lock the funds before recording them in a next block.
PrivateSend another Dash feature, allowed users to send transactions using a built-in mixing service. Users could send their DASH to Masternodes, which would mix transactions with one another, obscuring the original transaction trail.
If anything, Dash would go further, adopting more experimental features designed to give anyone who owned a certain amount of DASH the ability to participate in the operation of its blockchain at a time before participation protocols were the norm. rule. Today, Dash is even partially run through a series of contracts on its blockchain that help manage the development, marketing, and infrastructure of the software.
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