Dash 

DASH Price

What is the Dash cryptocurrency?

Dash ("Digital Cash") is a payments-focused peer-to-peer cryptocurrency and privacy coin. Evan Duffield launched Dash on 18 January 2014 as a fork of Bitcoin via Litecoin, initially under the names XCoin and Darkcoin before the March 2015 rebrand. The network runs X11 Proof-of-Work with a 2.6-minute block time and handles roughly 56 transactions per second. No premine existed — the entire supply entered circulation through mining.

Is Dash a privacy coin?

Yes. Dash provides optional privacy through PrivateSend, a CoinJoin-based mixing feature that obscures the transaction trail of participating payments. Privacy on Dash is opt-in, not mandatory on every transaction, and the base ledger remains publicly verifiable. This optional design is the core difference from privacy chains where mixing applies to all transactions by default.

How is Dash different from Bitcoin?

Dash forked from Bitcoin but operates a two-tier network. Miners secure the chain in both systems; Dash adds masternodes — servers collateralized with 1,000 DASH each — that deliver InstantSend confirmations in roughly 2 seconds, ChainLocks protection against 51% attacks, and on-chain governance through the DGBB treasury. Dash also uses the X11 hashing algorithm and a 2.6-minute block time instead of Bitcoin's SHA-256 parameters.

What is a Dash masternode and what does operating one require?

A Dash masternode is a full node that locks 1,000 DASH as collateral and provides network services: InstantSend fast payments, ChainLocks finality and governance voting. Masternode operators earn the largest share of the block reward. Since the 2023 treasury expansion, the subsidy splits 60% masternodes, 20% miners and 20% treasury. Dash Platform evonodes require 4,000 DASH.

Does Dash have a vesting schedule or token unlocks?

No. Dash launched through fair mining in January 2014 with no premine, no team or investor allocations, and no TGE or cliff obligations, so no insider unlock sell pressure exists. New DASH enters circulation only via block rewards. The block reward falls by 7.14% (1/14) every 210,240 blocks — about every 383 days — with the most recent reduction in July 2024.

What is Dash's maximum and circulating supply?

Per DropsTab data, about 12.83 million DASH were in circulation as of September 2026. Maximum supply is not a hard cap like Bitcoin's 21 million: official documentation projects an asymptotic limit between 17,742,696 DASH (zero treasury spend) and 18,921,005 DASH (full treasury spend). DropsTab stores the figure at 18,900,000 DASH. Annual issuance keeps shrinking as the block reward declines each cycle.

Did Dash hold an ICO or raise outside funding?

No ICO, no token sale and no institutional investors occurred. Dash launched via fair mining distribution in January 2014, so no venture-capital concentration or investor roster exists by design. Development has been funded since 2014 by the protocol's built-in treasury — the first among major chains — which allocates 20% of the block subsidy to masternode-approved development and ecosystem proposals.

Where can you buy Dash coin?

Per DropsTab data, DASH trades in 40+ spot pairs across 25+ centralized venues, including Binance, Coinbase, Kraken, OKX and KuCoin; USDT and USD pairs carry the dominant volume, making stablecoin conversion the main trading path. Decentralized exchange liquidity is effectively absent — on-chain exposure exists only as a wrapped DASH token on the Energi network. More than 5+ venues list DASH futures, among them Binance Futures, Bybit, Hyperliquid and Deribit.

Is Dash a coin or a token?

Dash is a coin — the native asset of its own Layer 1 blockchain, secured by X11 Proof-of-Work miners and masternodes, not a token issued on another network. The only tokenized form is a wrapped DASH representation on the Energi network, which mirrors the native coin for on-chain use rather than replacing it.

Why was Dash delisted from some exchanges?

Dash's opt-in privacy feature drew regulatory pushback: exchanges in South Korea and the UK delisted DASH over privacy-coin concerns. Separately, DropsTab carries a legacy "SEC security token" tag for Dash stemming from 2018-era SEC actions that named the coin. That label is a relic of those filings, not a current security classification.