Alternative Side of Cryptocurrencies
Apart from Bitcoin, the oldest and most popular cryptocurrency, there are a plenty of altcoins, which are either mined with SHA-256, as Bitcoin does, or with other algorithms. Some of altcoins are forks of Bitcoin. In this article we are going to speak about DarkCoin.
DarkCoin Becomes Dash
DarkCoin (DRK) was launched on January 18, 2014. March 16, 2015, DarkCoin has been rebranded to Dash — Digital Cash. As stated in the official press-release:
“Dash’s vision has always been to create a trustless, decentralised, private and fast payment platform for the benefit of the majority. We are happy with the progress we are making towards reaching this goal. We’ve been able to release instant transaction confirmations, refine our privacy technology and develop our Masternode network into a strong and truly decentralised platform. We’re building a complete solution and working hard to make crypto more suitable for real world adoption. This is why we believe our new brand Dash will better represent all aspects of our platform and make it more accessible to end users.
We are only changing the name, no technology is affected by this. The coin, the blockchain and the people will be the same. Users don’t need to act on this, the next update of the wallet will have the new brand and it will be a standard update.”
Dash is a peer-to-peer digital currency based on the Bitcoin software. While with Bitcoin all transactions are visible in the blockchain, Dash focuses on anonymity with a special “mixing protocol utilising an innovate decentralised network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system”.
Dash uses a super secure hashing algorithm — x11: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo). The approximate maximum number of Dash is 22 million coins.
Dash Market Capitalisation
According to Coinmarketcap, Dash is the fourth among cryptocurrencies in terms of market capitalization (calculated as the price multiplied by the overall number of coins in turnover). At the moment of writing, the Dash price equals $3.80 with the market capitalisation of over $20,000.
Dash at CEX.IO and GHash.IO
At CEX.IO, each user automatically receives a secure Dash wallet right after registration. There are several trading pairs that include Dash. Namely, users can buy Dash for dollars, euros, or Bitcoin, and trade Dash, which gives an opportunity to earn on the price difference.
Recently, CEX.IO has made the process of funding account even easier, allowing card deposits in a few clicks.
Apart from trading, users can also mine Dash on a separate subpool of GHash.IO. For convenient tracking of Dash mining activities, we recommend downloading the official GHash.IO app from the App Store.