After being seen as one of the best privacy-focused assets in the cryptocurrency industry, DASH no longer operates under this category, according to the Dash Group. Core, the body that oversees and develops the asset.

When asked whether Dash should remain under the privacy assets category, Fernando Gutierrez, chief marketing officer at Dash Core Group, told Coin Telegraph: No, Dash It is a digital payment currency, with a strong focus on usability, which includes speed, cost, ease of use, and user protection through optional privacy.

Dash was launched as a hard fork of Bitcoin in 2014. It was originally called X-Coin, before changing its name to DarkCoin, and then finally Dash, with the asset identifying itself as a privacy-focused asset. The official release report of the project said: Dash was the first privacy-centric cryptocurrency based on the work of Satoshi Nakamoto [the creator of the Bitcoin alias].

In addition to Dash, two other major anonymity-focused assets on the market, Monero (XMR) and ZEC (ZEC), appeared in 2014. And 2016, respectively.

It is clear from Gutierrez's comment, that Dash is no longer primarily focused on privacy, even though the original still has a feature called private send, giving users The option to hide their identity further.

He explained that the technology that Dash uses in the private send function is CoinJoin, a technology that complicates transactions to the point that it is difficult for analytics companies to analyze.

The CoinJoin approach came to prominence in 2013, essentially allowing Bitcoin users to mix their transactions in a group to make tracking difficult. Gutierrez explained that Dash has taken exactly this approach and made it a more convenient built-in option for Dash senders.

In recent days, privacy assets have faced intense scrutiny from governing bodies, as evidenced by the IRS reward of $ 625,000 for the Monero hack.

: The Dash Core group does not have a position on the IRS offer, adding: It does not implement or threaten Dash in any way. A public Dash blockchain network. There is nothing to be broken as Dash's approach to privacy is probabilistic, and it is not based on cryptocurrencies. In that, it is no different from the Bitcoin blockchain.

Blockchain analytics companies, Channelysys and Integra FEC, recently won an IRS reward.