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Dash(DASH), formerly known as Darkcoin until March 26th, 2015, is a privacy-centricdigital currency with instant transactions. Similar to cash, Dash allows you toremain anonymous while transacting. Dash protects privacy by anonymizingtransactions that are made over the network using a technology developed by theDash team called DarkSend. DarkSend is inspired by the CoinJoin project thatwas birthed to anonymize Bitcoin transactions.

UsingDash, payments are private and cannot be tracked along with balances. Dashharnesses the power of its Masternode network to power an innovative technologycalled InstantX. When sending funds, users can use InstantX and transactionswill be fully sent and irreversible within four seconds.

Dashwas released on the 18th January 2014 with zero premine coins. It uses 11rounds of hashing algorithm namely blake, bmw, groestl, jh, keccak, skein, luffa,cubehash, shavite, simd, and echo. As of the current design, there will only be22 million Dash ever created, making it a deflationary currency.