What is dash coin in cryptocurrency? (DASH)
Darkcoin/Dash is the first privacy-centric cryptographic currency with anonymous block transactions powered by DarkSend. Darkcoin now has a new kind of hybrid reward system similar to POW with POS. Those who run masternodes being rewarded via 10% of the mining rewards. Dark Gravity Wave (DGW) to adjust the difficulty, X11 algorithm, est. ~22M max Coins.Dash is a decentralized currency similar to Bitcoin.
Dash uses the blockchain data structure and the proof-of-work consensus protocol.
Dash has three kinds of nodes namely
miners, master nodes, and ordinary nodes.
Many people think that Dash is private, it is not. Dash simply mixes transactions using master nodes. Tools to unwind this kind of mixing have already been developed for Bitcoin, and they work for Dash as well.
Also, the masternodes introduce a significant element of centralization to Dash, weakening its ability resist censorship.
Finally, Dash has a large marketing budget and is structured to spend resources on marketing, not on innovation. This is not a long term recipe for success.
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