The name DASH comes from merging the words “digital” and “cash.” Dash is both an open-source blockchain project forked from Litecoin and the native cryptocurrency of that network. The idea behind DASH was to create a user-friendly coin focused on scalable payments. Dash’s network uses a combination of proof-of-work consensus and the X11 mining algorithm developed by Dash founder Evan Duffield. When the last DASH unit gets mined, the maximum supply will be between 17.74 and 18.92 million. The circulating supply in April 2022 was 10.7 million DASH.