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In short, Dashcoin Dash is a variant of the Bitcoin cryptocurrency that runs on the same blockchain network. Dashi, which combines the words "digital" and "cash," has become one of the most widely watched counterfeit coins in recent months. Originally released as "XCoin", it was later changed to "Darkcoin" and later Dash.
Arguably the biggest benefit of Dashi is that its transactions can be sent completely anonymously, just like legal cash payments. This is achieved by using a hybrid protocol that operates a dedicated network of servers called Masternodes. While Bitcoin operates only a single-layer network of miners, Dashcoin uses these master nodes as additional layers to its network, eliminating the need for a trusted third party to authorise a transaction that could compromise the anonymity of any payment.
Another major difference between Dashcoin and Bitcoin is that the former distributes mining rewards between its mining community, participants holding a specified amount of Dash, and the Dash community's long-term development fund.
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