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DigitalCash (DASH) uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. DASH aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions, this feature is called PrivateSend and can be found on the official Dashcore wallet.
PrivateSend mixes your DASH coins with other users who are also using this feature at the time, making your transactions untraceable.
Users can also earn DigitalCash rewards by hosting a master node to help maintain the Blockchain. One must have a balance of at least 1000 DASH in order to host a Dash master node, this collateral is required to avoid 51% attacks on the network.
Genesis Date: 2015-06-01
- Untraceable payments
- Unlinkable transactions
- Double-spending proof
- Blockchain analysis resistance
- Egalitarian proof of work
- Adaptive limits
- Difficulty retargets each block
- Block reward decreases each block according to the formula:
BaseReward = (MSupply - A)/218, where MSupply = (264 - 1) atomic units and 'A' is amount of already generated coins
- POW mechanism is a voting system for users