Deborah Harmes, Ph.D.
One of the more popular cryptocurrencies — and one which seems to consistently and comfortably sit within the top 12 value-wise – is DASH. Noting that the transaction times for Bitcoin continued to be slower and slower, a flaw that disallowed its use as a means of paying for purchases in real time, creator Evan Duffield named his creation DASH – a shortened version of Digital Cash — and released it in 2014. The goals for this new creation were that transaction times were completed in seconds, the client’s account balance and transaction history were totally private, and international hosting spread out over 4,500-plus servers around the world provided security. A growing number of merchants now take payments through DASH and its use is spreading.
Another aspect of cryptocurrency that is not discussed as frequently as the market prices or investment prospects is the ability of blockchain-based currencies to make a positive impact on humanitarian causes. DASH has created a charitable foundation called Dash-Africa that aims to make lives and futures more hopeful and productive.
Operating in South Africa, Cameroon, Ghana, Morocco, Nigeria, Zambia, and Zimbabwe, Dash-Africa projects include:
- Dash Leopards Soccer – the only youth soccer team to be fully funded by blockchain technology
- Dash Cycling – sponsorship and funding for a cycling team based in South Africa
- Various programs for school-age children including educational enhancement, meals for the poor, and sports programs
DASH continues to expand its charitable mindset and plans to shake things up in the fundraising arena by using ‘crypto crowdfund’ instead of traditional fundraising events. They are also exploring new ways of embedding QR codes onto items such as sports jerseys that would allow those codes to be scanned and donations to be made more easily.
Further improvements in the DASH platform and charitable outreach expansion may occur following the release of their next version – Evolution – before the end of 2018.