Dash, originally known as Xcoin, then changed its name to Darkcoin, was launched in January 2014 as fork of Bitcoin that sought to improve Bitcoin’s anonymity features. In March 2015, Darkcoin becam
e Dash, and the name stuck ever since.
Dash offers a couple of benefits over Bitcoin, mainly faster transactions, better security and improved anonymity. While transferring funds using Bitcoin can take a couple of minutes or even hours, Dash’s transactions are confirmed in a matter of seconds.
To keep the transactions private, Dash uses a technique called PrivateSend (previously called DarkSend). This technique allows the transactions of multiple parties to be counted as one transaction, scrambling them together, making it almost impossible to track which transaction went where.
Dash is also credited as being the first digital currency with a decentralized blockchain governance.
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