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Definition: dash


(1) See Amazon Dash and dashboard.

(2) (Dash) (Digital cASH) A privacy-capable cryptocurrency that was derived from the Bitcoin protocol. Run by a decentralized autonomous organization (DAO) and launched in 2014 as Xcoin, Dash is faster than Bitcoin and takes less than two seconds for a Dash transaction to complete. Transaction fees are minuscule compared to Bitcoin.

Dash was briefly branded as Darkcoin because of its earlier use on the Dark Web. However, users have to invoke Dash's PrivateSend function to be entirely anonymous, and only a small fraction of Dash users employ this feature.

The Dash platform is a mix of blockchain, cloud storage and Web protocols. Providing human readable names and its own wallet (DashPay), merchants around the world increasingly accept Dash as payment. See DAO, cryptocurrency and privacy coin.