<s>
Dash	B-Protocol
is	O
an	O
open	B-License
source	I-License
cryptocurrency	O
.	O
</s>
<s>
It	O
is	O
an	O
altcoin	O
that	O
was	O
forked	B-Application
from	O
the	O
Bitcoin	B-Protocol
protocol	O
.	O
</s>
<s>
It	O
is	O
also	O
a	O
decentralized	B-Operating_System
autonomous	I-Operating_System
organization	I-Operating_System
(	O
DAO	O
)	O
run	O
by	O
a	O
subset	O
of	O
its	O
users	O
,	O
which	O
are	O
called	O
"	O
masternodes	O
"	O
.	O
</s>
<s>
The	O
currency	O
was	O
launched	O
in	O
January	O
2014	O
as	O
"	O
Xcoin	O
"	O
by	O
Evan	O
Duffield	O
,	O
as	O
a	O
fork	B-Application
of	O
the	O
Bitcoin	B-Protocol
protocol	O
.	O
</s>
<s>
It	O
was	O
rebranded	O
as	O
Darkcoin	B-Protocol
,	O
which	O
received	O
press	O
for	O
being	O
used	O
in	O
dark	O
net	O
markets	O
.	O
</s>
<s>
In	O
March	O
2015	O
,	O
it	O
rebranded	O
again	O
with	O
the	O
name	O
Dash	B-Protocol
as	O
a	O
portmanteau	O
of	O
'	O
digital	O
cash	O
 '	O
.	O
</s>
<s>
As	O
of	O
August	O
2016	O
,	O
Dash	B-Protocol
is	O
no	O
longer	O
used	O
in	O
any	O
major	O
dark	O
net	O
markets	O
worth	O
noting	O
.	O
</s>
<s>
In	O
early	O
2017	O
Duffield	O
,	O
who	O
lived	O
in	O
the	O
Phoenix	O
area	O
,	O
and	O
some	O
other	O
people	O
working	O
on	O
Dash	B-Protocol
took	O
space	O
in	O
a	O
business	O
incubator	O
at	O
Arizona	O
State	O
University	O
.	O
</s>
<s>
The	O
Dash	B-Protocol
DAO	O
later	O
funded	O
a	O
blockchain	B-Application
research	O
lab	O
at	O
ASU	O
.	O
</s>
<s>
,	O
Dash	B-Protocol
's	O
market	O
capitalization	O
was	O
around	O
$4.3	O
billion	O
and	O
it	O
was	O
one	O
of	O
the	O
top	O
12	O
cryptocurrencies	O
.	O
</s>
<s>
,	O
Dash	B-Protocol
was	O
the	O
most	O
popular	O
cryptocurrency	O
in	O
Venezuela	O
according	O
to	O
Der	O
Spiegel	O
.	O
</s>
<s>
In	O
October	O
2022	O
Dash	B-Protocol
had	O
a	O
valued	O
market	O
capitalisation	O
of	O
450	O
million	O
USD	O
.	O
</s>
<s>
Dash	B-Protocol
,	O
like	O
Bitcoin	B-Protocol
,	O
has	O
a	O
block	O
reward	O
.	O
</s>
<s>
The	O
block	O
reward	O
in	O
the	O
case	O
of	O
Bitcoin	B-Protocol
has	O
halved	O
,	O
but	O
in	O
the	O
case	O
of	O
Dash	B-Protocol
,	O
the	O
block	O
reward	O
only	O
decreases	O
by	O
7.14	O
%	O
every	O
210240	O
blocks	O
.	O
</s>
<s>
The	O
block	O
time	O
of	O
Dash	B-Protocol
is	O
2.5	O
minutes	O
,	O
which	O
means	O
that	O
on	O
average	O
,	O
a	O
decrease	O
occurs	O
every	O
365	O
days	O
.	O
</s>
<s>
The	O
current	O
block	O
reward	O
is	O
2.68	O
Dash	B-Protocol
+	O
transaction	O
fees	O
.	O
</s>
<s>
The	O
block	O
reward	O
after	O
the	O
reduction	O
will	O
be	O
2.49	O
Dash	B-Protocol
+	O
transaction	O
fees	O
.	O
</s>
<s>
Dash	B-Protocol
was	O
designed	O
to	O
allow	O
transactions	O
quickly	O
and	O
to	O
have	O
a	O
swift	O
governance	O
structure	O
in	O
order	O
to	O
overcome	O
shortfalls	O
in	O
Bitcoin	B-Protocol
.	O
</s>
<s>
What	O
makes	O
Dash	B-Protocol
different	O
from	O
Bitcoin	B-Protocol
is	O
that	O
it	O
splits	O
its	O
rewards	O
into	O
three	O
categories	O
:	O
45%	O
goes	O
to	O
miners	O
,	O
45%	O
goes	O
to	O
masternodes	O
(	O
these	O
are	O
computers	O
that	O
additional	O
services	O
in	O
the	O
network	O
and	O
have	O
a	O
significant	O
investment	O
in	O
Dash	B-Protocol
tokens	O
)	O
,	O
and	O
10%	O
goes	O
towards	O
its	O
decentralized	O
governance	O
budget	O
.	O
</s>
<s>
Governance	O
is	O
handled	O
through	O
a	O
form	O
of	O
decentralized	B-Operating_System
autonomous	I-Operating_System
organization	I-Operating_System
in	O
which	O
decisions	O
are	O
made	O
on	O
a	O
blockchain	B-Application
via	O
masternodes	O
.	O
</s>
<s>
Masternodes	O
perform	O
standard	O
node	B-Protocol
functions	O
like	O
hosting	O
a	O
copy	O
of	O
the	O
blockchain	B-Application
,	O
relaying	O
messages	O
,	O
and	O
validating	O
transactions	O
on	O
the	O
network	O
,	O
and	O
in	O
addition	O
act	O
as	O
shareholders	O
,	O
voting	O
on	O
proposals	O
for	O
improving	O
Dash	B-Protocol
's	O
ecosystem	O
.	O
</s>
<s>
Anyone	O
with	O
1,000	O
Dash	B-Protocol
Coins	O
(	O
DASH	B-Protocol
)	O
,	O
the	O
protocols	O
native	O
cryptocurrency	O
,	O
can	O
become	O
a	O
masternode	O
owner	O
.	O
</s>
<s>
As	O
of	O
2018	O
,	O
coins	O
were	O
mined	O
using	O
a	O
proof	O
of	O
work	O
algorithm	O
with	O
a	O
hash	B-Error_Name
function	I-Error_Name
called	O
"	O
X11	O
"	O
,	O
with	O
eleven	O
rounds	O
of	O
hashing	O
,	O
and	O
the	O
average	O
time	O
to	O
mine	O
a	O
coin	O
was	O
around	O
two	O
and	O
a	O
half	O
minutes	O
.	O
</s>
<s>
"	O
PrivateSend	O
"	O
is	O
intended	O
to	O
give	O
users	O
optional	O
consumer-grade	O
privacy	O
;	O
it	O
mixes	O
participating	O
users	O
 '	O
unspent	O
Dash	B-Protocol
before	O
executing	O
a	O
transaction	O
.	O
</s>
