Dash (formerly Darkcoin and XCoin) is an open source P2P cryptocurrency, a fork of bitcoin, that offers faster and more private transactions than bitcoin. Like many other cryptocoins, DASH is a decentralized currency — the issue occurs during mining. 90% miners' reward are distributed between the miners and the operators of master-nodes. The remaining 10% are used to finance approved projects. Apart from Bitcoin's options, Dash provides private transactions (PrivateSend), instant transactions (InstantSend), and operates a self-funding and self-governing mechanism that fosters the creation of independent entities that serve the network.
The key differences between the coins are the following:
The key differences between the coins are the following:
- Dash offers more anonymous transaction than Bitcoin;
- Several cryptographic algorithms are used in Dash;
- Less energy mining in Dash;
- All members of the Dash network are involved in the decision making process ;
