DASH

1. Project introduction

Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. Based on a decentralized peer-to-peer network, and secured by strong cryptography, Dash offers a safe and user-friendly payment method without barriers. Dash is portable, inexpensive, divisible and fast digital cash for both the internet and everyday life.

Based on the Bitcoin project, Dash was launched on January 18, 2014 by founder Evan Duffield. The first few years of development saw Dash develop a focus on speed and fungibility, making it an excellent and practical alternative to cash, both online and at the point of sale in shops and restaurants. Due to its low fees and fast transactions, Dash is used around the world as a practical alternative to cash and credit cards. It is also a useful solution in the international remittances market. It is particularly popular in regions where technical access barriers exist to traditional payment systems, or where hyperinflation has made existing currency impractical to use.

Masternodes were invented as a unique feature of the Dash network, and form a second layer used to ensure the blockchain is readily available to all network participants. Masternodes also perform a number of other functions related to the health and efficiency of the network, such as governance, securely storing user data, processing transactions for light wallets and facilitating instant and private transactions.

Dash was the first digital currency to offer secure instant transactions based on the masternode network. Unlike conventional blockchains, where it is necessary to wait for transaction confirmation in a block, Dash leverages the network of masternodes to validate that the funds specified in the transaction have not already been spent, and then locks them within 1-2 seconds so they cannot be spent again until the transaction is complete. Any transactions attempting to use the same funds will be rejected by the network, even in the case of a 51% attack.

Dash will continue to emit coins for approximately 192 years before a full year of mining creates less than 1 DASH. After 2209 only 14 more DASH will be created. The last DASH will take 231 years to be generated, starting in 2246 and ending when emission completely stops in 2477.

2. Team introduction

CFO: Glenn Austin

COO: Robert Wiecko

CTO: Samuel Westrich