Launched in 2014, Dash (Digital Cash) is one of the pioneering projects aiming to turn crypto into a fast, safe and easy-to-use payment method like cash. Based on the Bitcoin platform but improved with a two-tier Masternode network, Dash offers instant transaction speed, high privacy and an independent self-governance model. So what is special about Dash? Let's learn about the focus on payment and privacy with Coin68 through the article below!
What is Dash? Crypto project aiming for fast, secure and private payments
What is Dash?
Dash , short for Digital Cash, is a cryptocurrency focused on fast, secure, and easy-to-use payments. Launched in 2014, Dash is based on Bitcoin but improves upon it with a two-tier network of Miners and masternodes, allowing for instant transactions at near-zero costs.
Dash Home
Technologies like InstantSend, ChainLocks, and CoinJoin help Dash achieve high speed, security, and privacy. Decentralized governance and internal budgets make Dash self-sustaining and sustainable, while the Dash Platform expands blockchain capabilities with decentralized user identification and data storage, aiming to become the next generation global payment platform.
Dash's special features
Dash's unique blend of speed, security, and self-governance, all powered by its two-tier Masternode network architecture, makes Dash one of the fastest, safest, and most user-friendly payment-focused cryptocurrencies.
InstantSend technology allows transactions to be confirmed in less than two seconds, while ChainLocks protect the network from 51% Attack, ensuring the integrity of the blockchain. In addition, Dash also features a decentralized governance and budget system (DAO), allowing the masternode community to directly vote and direct project development, and self-funding through 20% of the block reward.
This combination creates a model that is fast, secure, and sustainable, bringing Dash closer to its vision of becoming easy-to-use “digital cash” for everyone globally.
Dash Features
Dash Features
- InstantSend : InstantSend enables Dash to make transactions in under two seconds thanks to a masternode system that “locks” inputs and confirms immediately, preventing double-spending. Users can make quick payments with fees under one cent.
- chain: ChainLocks protect the network from 51% Attack by allowing masternodes to sign block confirmations as soon as they are mined, making chain reorganizations nearly impossible.
- CoinJoin (Financial Privacy) : CoinJoin shuffles transactions across multiple users, anonymizing the source of funds and ensuring every Dash has the same value.
- Two-tier network (Masternodes): Dash operates on two tiers consisting of Miners and masternodes. Masternodes provide services such as InstantSend, CoinJoin and governance, requiring 1000 DASH collateral, while Evonodes require 4000 DASH to support the Dash Platform.
- Governance and self-funding (DAO): Dash operates on a DAO model, in which 20% of block rewards go to the development budget. Masternode owners have voting rights, allowing the project to govern itself and fund itself without external dependencies.
- Dash Platform (Evolution) : Dash Platform expands the network into a platform for building dApps and user identification (Dash Identity), providing Decentralized API and on- chain data storage capabilities, towards a comprehensive decentralized financial ecosystem.
DASH Token Details
Basic parameters of DASH Token
Token name | Dash |
Ticker | DASH |
Blockchain | Dash |
Contract | Updating... |
Max Supply | 18,920,000 DASH |
Circulating supply | 12,478,250 DASH |
Current total supply | 12,478,395 DASH |
Uses of DASH Token
- Payment method : Dash is used as a digital currency for fast and low-cost transactions. Thanks to InstantSend, transactions are confirmed in less than two seconds, while ChainLocks protect the network from attacks and double-spending, making Dash suitable for global payments.
- Security and privacy: The CoinJoin feature obfuscates transactions, anonymizes the origin of assets, and ensures the fungibility of Token. This provides high privacy and security for users.
- Network Incentives : Dash is used as collateral to operate masternodes (1000 DASH) and evo-nodes (4000 DASH), providing services to the network. Operators receive block rewards and passive income.
- Decentralized governance : Masternode owners have the right to vote on development proposals and allocate 20% of block rewards to the DAO budget, helping Dash run and fund itself.
- Fuel for Dash Platform : Dash is converted into Platform Credits to pay for storage and transaction fees on the Dash Platform, and to support user identification and future Token Issuance .
Project development roadmap
Project development roadmap
- January 2025 – Dash Platform v1.8 (Completed) : Removed withdrawal lag, increased maximum withdrawal limit to 2000 DASH/day, and updated disputed username fees for Evonodes.
- February 2025 – Dash Core v22.1 (Completed) : Integrated BIP324/P2Pv2, peer-to-peer encryption for increased security and reduced data transmission costs.
- June 2025 – Dash Platform v2.0 (Completed): Launch of Fungible Tokens, allowing for the minting, transfer, burning, freezing, and management of Token directly on the Dash chain .
- October 2025 – Dash Platform v2.1 (Planned): Add creator attribution for Non-Fungible Token , improve processing speed, and launch the new Evolution JavaScript SDK.
- October 2025 – Dash Core v23.0 (Planned) : Improved sync performance, added a governance voting interface directly in Dash Core, and enabled advanced block filtering for special transactions.
- Q4 2025 – iOS DashPay Wallet (Plan): Launch DashPay wallet on iOS, enabling payments by username and governance voting right in the app.
- Dash Platform v3.0 – Smart Contracts VM : Deploys a smart contract Arm Virtual Machine , allowing for on- chain computation and logic execution, expanding the ability to develop complex dApps.
- Dash Platform v4.0 – IBC: Applying the IBC inter- chain protocol, helping blockchains exchange decentralized data and assets. Supports Token transfers, inter- chain accounts, Non-Fungible Token , and oracles.
Summary
Above is all the information about the Dash project, Coin68 hopes that readers will grasp the basic information to better understand the project and how it works. Hope you have more useful knowledge!
Note: The information in the article is not XEM investment advice, Coin68 is not responsible for any of your decisions.
