Formerly known as Darkcoin, Dash was launched in 2014 by Evan Duffield and Daniel Diaz. Dash was aimed at fixing the issues that were faced by Bitcoin like scalability and expensive fees. Dash also gained a reputation in the crypto community due to its privacy features. This was made possible with the implementation of the X11 algorithm, a modified version of Proof-of-Stake.
Dash features PrivateSend which adds privacy to the transaction and the history cannot be traced back to a user. InstantSend is another attribute that sets Dash apart, this enables the confirmation of transactions almost instantly. Dash also employs a Self-Governing and Self-Funding policy in which 10% of the mining rewards return to the Dash network which will be used to support the developments on-chain through voting on proposals. Masternodes are the core for Dash and they take care of processing the PrivateSend, InstantSend and governance of the network. Dash is widely popular for its cheaper fees and faster confirmations.