Dash (cryptocurrency)
cryptocurrency
Dash is an open source cryptocurrency. It is an altcoin that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization (DAO) run by a subset of its users. It was previously known as Xcoin and Darkcoin.
History
The currency was launched in January 2014 as "Xcoin" by Evan Duffield, as a fork of the Bitcoin protocol. It is an altcoin and in its early days it was subject to pump and dump speculation. It was rebranded as Darkcoin, which received press for being used in dark net markets. In March 2015, it rebranded again with the name Dash as a portmanteau of 'digital cash'. As of August 2016, Dash is no longer used in any major dark net markets.
In early 2017, Duffield, who lived in the Phoenix area, USA, and some other people working on Dash took space in a business incubator at Arizona State University, USA. The Dash DAO later funded a blockchain research lab at ASU.
As of April 2018, Dash's market capitalization was around $4.3 billion and it was one of the top 12 cryptocurrencies.
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This entry incorporates text from “Dash (cryptocurrency)” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.