$52.10 -0.23%
DASH · 16w

Dash Works Overtime to Distance Itself From Darkcoin Past (Strange Title - Good Article)

After emerging as one of the original privacy coins, Dash now seeks to shed its 'darkcoin' past. Source: Shutterstock

With an eye toward alleviating regulatory fears, Dash recently began circulating a primer which works to explain its privacy features.

The Darkcoin Past

Dash founded the first era of “privacy” coins when it was created by Evan Duffield in the form of “Darkcoin.”

The name didn’t come from its potential for nefarious purposes, but rather the notion of “going dark,” or at least not being fully transparent, as you are by default in Bitcoin, for example. A string of numbers and letters may not immediately be personally identifiable information, but it certainly could be.

Dash offers in-wallet coin mixing – a feature which some Bitcoin wallets also offer.

Dash Core is an organization with funding from the Dash network that works to ensure that the project has a viable future.

“Since Dash is commonly labeled as “privacy centric” in the media, it is sometimes included in proposed “ban lists”. This is an incorrect treatment of Dash from both regulatory and legal stances.”

Texas and other jurisdictions have discussed the idea of banning privacy coins altogether. In India, a gaggle of bankers decided that the best approach was to blacklist cryptocurrencies. This is to say that Dash’s fears are not unfounded.

This reporter spoke to Dash Core CEO Ryan Taylor in the recent past. At the time he clarified that the cryptocurrency is not a privacy coin at all, but instead a “user experience.”

Optional privacy is just one feature of Dash. The cryptocurrency also offers instant transactions.

Dash’s privacy model is different than that of Monero or Zcash. In Monero, transactions are extremely obfuscated, and only parties with “view keys” can know much about them aside from their size.

Zcash offers both transparent and “z” addresses which are “shielded.” Earlier research found that shielded transact...

Continue on ccn.com
Recent news
DASH -0.23% · dashnews.org · 4h

Why Does Cryptocurrency Have a #FakeNews Problem?

The cryptocurrency industry has a problem with fake news and poor journalism. There’s no getting around this reality, and it affects key perceptions with the space today, leaving lingering misconcepti...