How did Dash perform in 2018?

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Dash DASH cryptocurrency (DASH) was created by software developer Evan Duffield in 2014 as "XCoin", an open source fork of Bitcoin protocol. His vision was to facilitate fast anonymous transactions on the blockchain.

XCoin was renamed "DarkCoin" for a few months in the launch to highlight its privacy-focused approach to Bitcoin.

At a time when the cryptocurrencies were being examined by the general population to be promoters of illegitimate transactions and to finance the dark network, this did not prove to be a good PR. The cryptocurrency was finally renamed as Dash a year later.

Dash was one of the first decentralized autonomous organizations (DAO), one of which in which the program ensures that the parties involved manage the show, rather than a centralized authority.

The Dash ecosystem is based on "masternodes" for the execution of its operations. These nodes are not substantially very different from the standard nodes running on the blockchain, except that they are required to possess at least 1,000 Dash tokens. Critics argue that this does not make the Dash truly decentralized as it puts early adopters into a significant advantage.

A software bug has caused the extraction of about 2 million coins on the first day of the launch of Dash in 2014 and it is assumed that these owners have an undue influence on Dash's governance. This problem was highlighted when the developers of Dash proposed to revive the cryptocurrency, but the community voted for its proposal.

Despite the controversy, Dash remains one of the largest cryptocurrencies in terms of market capitalization at the end of 2018.

DASH / USD performance review

DASH has opened the year 2018 to $ 1,054, a huge increase of 9.3% compared to January 2017. DASH has recorded a steady increase throughout 2017, but the trend has seen an inversion in 2018, as in the case of most cryptocurrencies.

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