Dash

What Is Dash?
Launched in 2014, the cryptocurrency Dash was originally known as Xcoin. After being rebranded as Darkcoin, it landed on its current name, Dash, in March 2015. When it was initially created, it was designed to ensure user privacy and anonymity. The cryptocurrency’s whitepaper, co-authored by Evan Duffield and Daniel Diaz, describes it as a privacy-centric cryptocurrency based on Bitcoin founder Satoshi Nakamoto’s workDash aims to become a medium for daily transactions, and it has cast a wide net to realize that ambition. In 2018, the digital cash company expanded into Venezuela, the cryptocurrency's first foray into an economically distressed country.2

Demand for cryptocurrency—and the number of Dash users—has rapidly increased since the virtual currency was first introduced three years ago. The reason for this is the need for a transactional currency; Venezuela is currently experiencing a period of significant civil unrest and hyperinflation to such a degree that the local currency (bolívar) has been essentially rendered valueless..