Glossary Term

DASH

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DASH is an open-source, peer-to-peer cryptocurrency forked out of Bitcoin in order to address swifter and more personal transactions for users. DASH stands for Digital Cash and it’s the first cryptocurrency to boast a decentralized blockchain governance system. Launched in 2014 and originally named Xcoin, DASH is viewed as a Bitcoin facelift, a descendant of the first cryptocurrency that presents a faster and more private offering to users. The way DASH offers anonymity to its users is by using a coinjoin technique called PrivateSend that creates an indecipherable transaction code that essentially creates a veil of anonymity for the users of the transaction.

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