It was originally released as XCoin (XCO) on January 18, 2014. On February 28, the name was changed to "Darkcoin." On March 25, 2015, Darkcoin was rebranded as "Dash."
D Within the first two days of launch, 1.9 million coins were mined, which is approximately 10% of the total supply that will ever be issued.Evan Duffield is the creator and developer od Dash attributed this to a bug created when the Litecoin code was forked to create Dash.
The Dash Core Team who is responsible for developing the currency has since grown to 30 full-time employees, 20 part-time employees, and dozens of unpaid volunteers. All Core Team employees are paid from Dash's budget system and therefore are not reliant on donations or sponsorships that can lead to conflicts of interest.
According to CoinMarketCap, in June 2017 the daily trade volume of Dash was approximately $100 million per day and the market capitalization of Dash exceeded $4.8 billion.
Dash utilizes a two-tier network. The network functions like creating new blocks are handled by the miners and the second tier of the Dash network consists of "masternodes" which perform PrivateSend, InstantSend, and governance functions.
Short Confirmation Time:
It solves the double-spending problem without the longer confirmation times of other cryptocurriencies.
The PrivateSend feature allows masternodes to submit the transactions using special network code called DSTX, It provides additional privacy to users. It Protect your financial information and ensures your activity history and balances are private.
InstantSend service allows to send instant transactions. The inputs can be locked to specific transactions and verified by consensus of the masternode network.In this way the conflicting transactions and blocks are rejected. If a consensus cannot be reached then validation of the transaction occurs through standard block confirmation.