On 25 March, 2015, Darkcoin was rebranded as DASH. DASH, or Digital Cash, is a type of digital currency created to be a private and instant payment platform. Digital currencies are a relatively new phenomenon - most notably led by Bitcoin (BTC) and also including Litecoin (LTC), Dogecoin (DOGE) and others.
Dash and other digital currencies such as BTC are stored in digital wallets and allows anonymous transactions between users - with tracing difficult or impossible. This is in contrast to Bitcoin transactions that use a publicly accessible blockchain.
Notable features of Dash are fast, private and secure transactions. Transactions are available from anywhere in the world at low fees, through a peer to peer, decentralised network.
Dash uses the X11 basing algorithm that allows processing and distribution similar to that of Bitcoin, however Bitcoin uses SHA256, rather than X11. Dash is most commonly mined with GPU and CPU hashing, however X11 ASICs are reportedly in development now.
Dash and other digital currencies such as BTC are stored in digital wallets and allows anonymous transactions between users - with tracing difficult or impossible. This is in contrast to Bitcoin transactions that use a publicly accessible blockchain.
Notable features of Dash are fast, private and secure transactions. Transactions are available from anywhere in the world at low fees, through a peer to peer, decentralised network.
Dash uses the X11 basing algorithm that allows processing and distribution similar to that of Bitcoin, however Bitcoin uses SHA256, rather than X11. Dash is most commonly mined with GPU and CPU hashing, however X11 ASICs are reportedly in development now.