What is Dash?
Dash is an open source peer-to-peer (P2P) cryptocurrency that offers instant transactions, private transactions and token fungibility. It was originally released as XCoin (XCO) on January 18, 2014. On February 28, the name was changed to "Darkcoin". On March 25, 2015, Darkcoin was rebranded as "Dash".
Dash is a next-generation digital currency based on the Bitcoin software, but it has a two tier network that improves it. With Dash, the anonymization technology makes it impossible to trace transactions. Dash does this through a mixing protocol utilizing an innovative decentralized network of servers called Masternodes, avoiding the need for a trusted third party that could compromise the integrity of the system. These Masternodes network enables Dash transactions to be confirmed almost instantly. This is a great improvement on Bitcoin’s system, where confirmations take much longer because all the work is done by the miners.
Dash uses a chained hashing algorithm called X11 for the proof-of-work. Instead of using the SHA-256 (from well-known Secure Hash Algorithm family) or scrypt it uses 11 rounds of different hashing functions.
As of 2016, Dash is among the top 7 most popular cryptocurrencies. More About Dash
What is Dash wallet and Dash address?
If you wish to work with Dash Coins, you should possess a Dash Wallet first. It allows you to store Dash, send and receive payments immediately. Just like a bank account, your Darkcoin wallet has an assigned unique wallet address.
Dash wallets come in a variety of forms, designed for different types of device. There are five main types of wallet: desktop, mobile, web, paper and hardware. Which wallet you choose depends on whether utmost security or increased convenience is more important, and it’s recommended that you don’t stick to one particular type of wallet. Here’s a list of Top and Best Wallets for secure Darkcoin storage.
Note: It is very important to secure and back up your Dash wallet. Once you create an account, make sure to backup your wallet. Always store your wallet information (private keys) in a safe and secure place in a printed form or on a secondary storage media such as a USB drive. Never keep your wallet data on your computer.
Dash Core - Official Core Wallet
Dash Core wallet is based on the well known Bitcoin Core QT wallet, but it has a custom aesthetic (Linux, Windows, Mac OS X).
Electrum Dash Wallet
Electrum Dash is a lightweight and easy-to-use Desktop Dash Wallet for Windows, Linux and Mac OS X based on Electrum. It is a simple, but powerful Darkcoin wallet. It protects you from losing coins in a backup mistake or computer failure, because your wallet can be recovered from a secret phrase that you can write on paper or learn by heart. There is no waiting time when you start the client, because it does not download the Dash blockchain.
Exodus gives blockchain asset investors a platform to secure, exchange and manage wealth inside one application. It is the first desktop multi-asset wallet with ShapeShift built in. You can keep your Bitcoin, Ethereum, Litecoin, Dash and Dogecoin all in one place and easily calculate and organize your savings with their pie chart portfolio. The backup wizard will allow you to keep your wallet safe and ready for later use (Windows, Mac and Linux).
Jaxx Blockchain Wallet
- Multi-coin HD Wallet by Decentral
- Easily Switch between BTC, ETH, DAO and DASH
- Convert between BTC/ETH/DAO/DASH with ShapeShift integration
HolyTransaction is the universal cryptocurrency wallet with instant exchange. Access Bitcoin, Litecoin, Dogecoin, Peercoin, Dash, Ethereum, Gridcoin, Blackcoin and Omni Layer with all of its assets from one unified interface.
Cryptonator Online Wallet
Cryptonator is a free multi-cryptocurrency wallet with instant exchange. You can manage different cryptocurrencies in one personal account. Securely store, easily receive and quickly send Bitcoins, Litecoins, Dogecoins and other digital currencies. Combining usability with high level privacy, anonymity and security, Cryptonator Online Dash Wallet offers free DASH accounts, which are accessible 24/7 worldwide on your laptop, desktop or mobile devices alike.