#AbuDhabiStablecoin What is an altcoin?

Read a summary of some of the alternative cryptocurrencies, also known as 'altcoins', available on our online trading platform. It includes an explanation of what an altcoin is, its particular characteristics, some benefits, and how to differentiate between them.

Dash

Dash is an open-source cryptocurrency and an altcoin that was forked from the Bitcoin protocol. It was designed to conduct transactions faster and with a SWIFT administrative structure in order to address the shortcomings of Bitcoin. It is slightly different from other major coins as it relies on a 'decentralized autonomous organization'. This means that it operates through a subset of users or 'masternodes' that perform basic functions, including hosting the blockchain and validating transactions, as well as making all important decisions and, in a sense, acting as 'shareholders'.