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What is DASH?

(This post was last modified: 11-25-2019, 09:06 AM by CryptoBerto.)
Dash (DASH) is a cryptocurrency created in January 2014, originally called XCoin. Unhappy with the transaction speed of bitcoin, Evan Duffield decided to found his own coin, seeking faster transaction speeds and more privacy. Dash is a hard fork of Litecoin, which is a hard fork of the bitcoin blockchain. So, what is Dash and what are some of its key features?

]How does Dash differ from bitcoin?
Dash has a total supply of 18 million DASH coins, 3 million fewer than bitcoin. At the time of writing, Dash has a market cap of $660 million USD, putting it in the top 20 cryptocurrencies by market cap.
The average block mining time on the Dash blockchain is 2.5 minutes, around four times faster than bitcoin (which sits at around 10 minutes). This means that Dash transactions are much faster than bitcoin, something which makes it desirable for everyday usage.

Dash has a variable block reward (the reward miners receive for mining blocks) which is reduced by 7.1% every year, differing from bitcoin which has a “halving” every 210,000 blocks (essentially, where the reward for producing blocks in halved).
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