Dash basics

Use Dash to make instant, private payments online or in-store using our secure open-source platform hosted by thousands of users around the world.

Dash cryptocurrency

Dash aims to be the most user-friendly and scalable payments-focused cryptocurrency in the world. The Dash network features instant transaction confirmation, double spend protection, anonymity equal to that of physical cash, a self-governing, self-funding model driven by incentivized full nodes and a clear roadmap for on-chain scaling to up to 400MB blocks using custom-developed open source hardware. While Dash is based on Bitcoin and compatible with many key components of the Bitcoin ecosystem, its two-tier network structure offers significant improvements in transaction speed, anonymity and governance Cryptocurrencies such as Dash and Bitcoin are created through a cryptographically difficult process known as mining. Mining involves repeatedly solving hash algorithms until a valid solution for the current mining difficulty is discovered. Once discovered, the miner is permitted to create new units of the currency. This is known as the block reward. To ensure that the currency is not subject to endless inflation, the block reward is reduced at regular intervals. Graphing this data results in a curve showing total coins in circulation, known as the coin emission rate.

Dash Coin Emission

While Dash is based on Bitcoin, it significantly modifies the coin emission rate to offer a smoother reduction in coin emission over time. While Bitcoin reduces the coin emission rate by 50% every 4 years, Dash reduces the emission by one-fourteenth (approx. 7.14%) every 210240 blocks (approx. 383.25 days). It can be seen that reducing the block reward by a smaller amount each year offers a smoother transition to a fee-based economy than Bitcoin.

Total coin emission

Bitcoin’s total coin emission can be calculated as the sum of a geometric series, with the total emission approaching (but never reaching) 21,000,000 BTC. This will continue until 2140, but the mining reward reduces so quickly that 99% of all bitcoin will be in circulation by 2036, and 99.9% by 2048. Dash’s total coin emission is also the sum of a geometric series, but the ultimate total coin emission is uncertain because it cannot be known how much of the 10% block reward reserved for budget proposals will actually be allocated, since this depends on future voting behavior. 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. Based on these numbers, a maximum and minimum possible coin supply in the year 2254 can be calculated to be between:

17,742,696 DASH Assuming zero treasury allocation
18,921,005 DASH Assuming full treasury allocation

Block reward allocation

Unlike Bitcoin, which allocates 100% of the block reward to miners, Dash splits the block reward between the miner, a deterministically selected masternode, and the decentralized budget system. Dash features superblocks, which appear every 16616 blocks (approx. 30.29 days) and release 10% of the cumulative budget over that budget cycle period to the winning proposals in the budget system. To pay for superblocks, the block reward for normal blocks over the period is reduced by 10%. Normal block payments are split equally between miners and masternodes according to the payment logic, resulting in an coin reward allocation over a budget cycle as follows:

45% Mining Reward
45% Masternode Reward for Proof-of-service
10% Decentralized Governance Budget

Open a wallet for Dash

While banks store balances on a private ledger, cryptocurrencies store balances under unique addresses on a distributed public ledger. The cryptographic private keys to access the balance stored on each public address are therefore the object of value in this system.

Downloading the Dash Core wallet

Visit https://www.dash.org/get-dash/ to download the latest Dash Core wallet. In most cases, the website will properly detect which version you need. Click the blue Dash Core button to download the installer directly.

Dash Wallets from:

http://www.exodus.io The Exodus wallet features great design and can simultaneously store multiple currencies. It is available for Windows, Mac and Linux. It is also fully integrated with Shapeshift to offer exchange between the different currencies.   https://jaxx.io Jaxx supports multiple currencies in one wallet, including Dash. It is available for almost all platforms including Android, iOS, macOS, Windows, Linux and also as a Chrome extension. Jaxx is open source software.

How to mine Dash