Introduction
Introduced in 2014, Dash is a well-known cryptocurrency that is commonly classified as a privacy coin despite the CEO claiming in 2019 that Dash is not an anonymity-enhanced cryptocurrency. Dash has a market capitalization that fluctuates around $1 billion USD and was developed to improve upon Bitcoin resulting in a user-friendly and scalable cryptocurrency with a highly secure instant transactions suitable for mass adoption.
Key Features
The table below illustrates the number of potential users that could be involved in a transaction after N CoinJoin mixes
Number of Mixing Sessions | Number of Potential Users |
1 | 3 |
2 | 9 |
3 | 27 |
4 | 81 |
6 | 729 |
8 | 6561 |
Comparison to Bitcoin
- Dash uses both PoW and PoS systems while Bitcoin is is merely PoW based
- Dash offers privacy options, i.e., PrivateSend
- Dash offers cheaper transaction fees
- Between $0.01 and $0.04 on average
Future Plans
- Dash Core v0.18
- Dash Platform v0.23
