Layer 1 · Proof of Work · Live since 2014

DashNATIVE ASSET · DASH

A payments-focused blockchain derived from the Bitcoin codebase, built so everyday transfers confirm fast and stay cheap. A two-tier network pairs miners with masternodes, which add features like near-instant payments, stronger reorganization protection, and on-chain governance funded from the block reward.

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Block time~2.5mPer block
Max supply~18.9MDASH, capped
InstantSend~1-2sLocked & spendable
Masternode collateral1,000DASH per node
Treasury share10%Of each block reward
Live since2014Rebranded Dash in 2015
How it works

Mining, masternodes, and fast payments.

Dash builds on the Bitcoin codebase and adds a second tier. Miners produce blocks with Proof of Work, while masternodes run services on top, which is what makes near-instant payments and on-chain governance possible. Four ideas make that work.

Proof of Work, X11

Miners secure the chain using the X11 hashing algorithm, a sequence of 11 hash functions. Blocks arrive about every 2.5 minutes, faster than Bitcoin while keeping a familiar UTXO design.

The masternode tier

Operators lock 1,000 DASH as collateral to run a masternode. These nodes provide network services and governance, powering InstantSend, ChainLocks and PrivateSend on top of the mined chain.

InstantSend

Masternode quorums lock the inputs of a transaction so it is confirmed and spendable in about one to two seconds. Payments feel immediate without waiting for the next mined block.

ChainLocks

Masternode quorums sign the chain tip using Long-Living Masternode Quorums. That signature protects against 51% chain-reorganization attacks, so recent blocks are hard to rewrite.

How an InstantSend payment settles
1

Broadcast

You send DASH. The transaction is signed with your private key and broadcast to the network, where masternodes and miners see it as it propagates.

2

Lock

A masternode quorum locks the transaction inputs so they cannot be spent again. In about one to two seconds the payment is confirmed and safe to accept.

3

Mine

Miners include the transaction in the next block, about every 2.5 minutes, and ChainLocks make that block hard to reorganize, giving the payment lasting finality.

The layers under the hood
Base layer
A mined UTXO ledger
Dash inherits Bitcoin's UTXO model and Proof of Work, with miners using the X11 algorithm to produce a block about every 2.5 minutes. Balances and transfers are tracked the same way Bitcoin tracks them.
Masternode tier
Services and quorums
Operators stake 1,000 DASH to run masternodes. Quorums of these nodes deliver InstantSend, ChainLocks and PrivateSend, the features that set Dash apart from a plain Bitcoin fork.
Platform layer
Dash Platform, also called Evolution
A developer layer adding usernames and decentralized data reached mainnet in 2024, extending Dash beyond payments toward storing application data on the network.
What masternodes provide
  • InstantSend, payments confirmed in about 1-2 seconds
  • ChainLocks, quorum-signed protection against reorg attacks
  • PrivateSend, an optional CoinJoin-based mixing feature
  • Governance, monthly voting on treasury proposals

The masternode tier is what turns a Bitcoin-style chain into a payments network, adding speed, reorg protection and a self-funded treasury that the base chain alone does not have.

Adoption & usage

Activity you can measure.

On-chain numbers that show how Dash is used and how it is secured, the payments, the masternode tier and the reliability behind it, not the price.

View on insight.dash.org
Network activity
Block time~2.5mPer block
InstantSend~1-2sConfirmed & spendable
Max supply~18.9MDASH, capped
Treasury share10%Of block reward
Everyday payment use · last 12 monthssteady

A payments network. Dash sees consistent everyday spending, and in some high-inflation regions people use it as a way to hold value and pay merchants, with quieter periods in between.

Masternode collateral1,000

DASH locked to run each masternode. The collateral aligns operators with the network they help secure and govern.

Security · Proof of Work + masternodes
MiningX11 PoW11 hash functions
Reorg protectionChainLocksQuorum-signed tip
Second tierMasternodes1,000 DASH each
Supply trend~-7%/yrBlock reward decline
Reliability
Continuous block production since the network launched in 2014
Dash has produced blocks every couple of minutes for over a decade. ChainLocks add a masternode signature to the chain tip, making recent history hard to reorganize even for an attacker with large mining power.
2019ChainLocks were introduced to harden the network against 51% chain-reorganization attacks. Masternode quorums now sign the chain tip, so an attacker cannot quietly rebuild a longer chain to reverse settled payments. The change followed wider industry concern about reorg attacks on smaller Proof of Work chains.
Ecosystem

What Dash is used for.

Dash is focused on payments, with a masternode tier that funds its own development through governance. Here is where it is actually used, and how its features fit together.

dash.org

Everyday payments

Fast, low-cost transfers are the network's purpose. InstantSend confirms a payment in about one to two seconds, which suits point-of-sale and merchant use.

Masternode governance

Masternode operators vote each month on proposals. A self-funded treasury, drawn from the block reward, pays for development, marketing and integrations.

Treasury & funding

10% of every block reward is directed to the treasury rather than to miners. The community decides where that funding goes, so the network can pay for its own growth.

Dash Platform

Dash Platform, also called Evolution, reached mainnet in 2024. It adds usernames and decentralized data storage, extending the network beyond simple payments.

Where activity sits on the network
1IInstantSend paymentsNear-instant transfersCore
2MMasternode services1,000 DASH quorumsTier 2
3TTreasury & governanceMonthly proposal votes10%
4PPrivateSendOptional CoinJoin mixingOptional
5EDash PlatformUsernames & dataNewer

A chain that funds itself

Unlike most Proof of Work chains, Dash routes 10% of the block reward to a treasury that masternode operators vote to allocate. Learn the basics in our crypto basics guides.

Ecosystem at a glance
Treasury share10%Of each block reward
Masternode collateral1,000DASH per node
In the Zypto App

Hold, send and spend DASH.

Dash is integrated. Self-custody DASH, send it in seconds with InstantSend, swap to any supported asset, and spend DASH through Zypto Pay.

Available in the Zypto App · native asset

DashDASH$30.00+1.2%
InstantSendNear-instant transfers
Self-custodyYour keys, your coins

Dash's native asset is DASH. Hold it in self-custody, send it with InstantSend in about one to two seconds, and keep full control of your keys, your keys, your coins.

Get DASH in Zypto App

Be the reason Dash ships next.

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Accepted as Payment

DASHAccepted as Payment
InstantSend payNear-instantFast →

Pay bills, top-ups and 24,000+ products with DASH through Zypto Pay. InstantSend settles payments in about one to two seconds for a low network fee.

Swap & convert

CChangeNow LLetsExchange SSwapKit ZIn-app swap
Native DASH transfers DASH settles natively on the Dash network. Swaps route DASH to and from other supported assets through partner providers, with InstantSend keeping the DASH leg fast and predictable.

Swap DASH to any supported asset in seconds. Zypto routes the best path automatically across these providers and the in-app swap.

History & FAQ

A decade of payments, plainly told.

Key milestones
2014
Network launches
The chain launches in January 2014 as Xcoin, derived from the Bitcoin codebase, and is soon renamed Darkcoin.
2015
Rebranded to Dash
In March 2015 the project rebrands to Dash, short for digital cash, signaling a focus on everyday payments rather than privacy alone.
2015
Masternodes & treasury
The two-tier network matures, with masternodes providing services and a treasury funded from the block reward, decided by on-chain governance votes.
2019
ChainLocks
ChainLocks ship, using Long-Living Masternode Quorums to sign the chain tip and protect against 51% chain-reorganization attacks.
2024
Dash Platform mainnet
Dash Platform, also called Evolution, reaches mainnet, adding usernames and decentralized data storage on top of the payment network.
Key facts
LaunchedJanuary 2014
Native assetDASH
ConsensusProof of Work (X11)
Block time~2.5 minutes
Max supply~18,900,000 DASH
InstantSend~1-2 seconds
Masternode collateral1,000 DASH
Treasury10% of block reward
PaymentsProof of WorkLayer 1MasternodesGovernance
What is Dash in one sentence?
Dash is a payments-focused blockchain derived from the Bitcoin codebase, with a two-tier network of miners and masternodes that adds near-instant payments through InstantSend, reorganization protection through ChainLocks, and an on-chain treasury funded from the block reward.
Is Dash and DASH the same thing?
The name Dash refers to both the blockchain and its native asset, which trades under the ticker DASH. DASH is used to pay network fees, as collateral to run masternodes, and as the unit you hold, send and spend.
What are masternodes?
Masternodes are a second tier of servers that operators run by locking 1,000 DASH as collateral. They provide network services like InstantSend, ChainLocks and PrivateSend, and they vote each month on treasury proposals that decide how network funding is spent.
How does InstantSend make payments fast?
A masternode quorum locks the inputs of your transaction so they cannot be spent again. That lock arrives in about one to two seconds, so a payment is confirmed and spendable well before the next block is mined about every 2.5 minutes.
Is Dash available in the Zypto App?
Yes. You can hold and self-custody DASH, send it in seconds with InstantSend, swap it, and spend it through Zypto Pay. For live prices and charts, see the DASH price page.
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