Evan Duffield

Evan Duffield is an American software developer, and the founder of X11 algorithm and , a focused on making instant transactions and with support for anonymous transactions.[7]

In 2017, Evan became the former CEO of the Dash Core Project. He was succeeded by Ryan Taylor who was formerly the Director of Finance.

Early Years and Career

Evan Duffield was born in the year 1980. He grew up in a small town in Arizona. By the time he was 15 years old, he began to take up an interest in computer programming. In later interviews with a number of media outlets, Evan admits to this being when he first fell in love with the digital world. To him, coding was very interesting. However, he began to take the activity a lot more seriously when he began to get jobs while still in high school. He then made the decision to pursue a career in the tech industry.[1]

When he was 20 years old, he began his career in the tech industry. During this time in his life, he worked for various tech firms such as Warped AI, iAcquire, Wells Fargo, and Verizon Wireless. In all of these firms, he worked mainly as a software developer. In 2014 he launched the Hawk Financial Group and is their lead Software Developer.[12]


Evan Duffield had a deep interest in analyzing data streams. He would set up large-scale computers to help in analyzing such immense amounts of data. He also came in machine learning, developing algorithms capable of performing complex data analysis tasks.

His work with complex AI protocols opened up new opportunities for him by the mid to late 2000s. He got the opportunity to work for many firms that provided social media services. His major area of specialization in these firms was technology improvement. He designed protocols that helped these firms handle big data in order to offer more robust social media services.

Series 65 Certification

In 2010, Evan began to develop a significant interest in the world of finance. In order to pursue this new-found interest, he studied to complete his series 65 certification, to become a licensed investment advisor, a role that came handy in his later life. It was while studying for the exam that he came across .
When Evan first came across , it didn’t immediately interest him. In an interview with , in September 2015, Evan admits to having initially ignored it. It wasn’t until a few months later that he came across it again, where his interest in web3 was much higher.

Career In Crypto

Evan read the whitepaper written by . This inspired him to conduct in-depth research into the technology, further fueling his enthusiasm. His background in computer programming for many years enabled him to deeply understand the foundational premises of Bitcoin.

Then, I went to read the white paper, started doing some research and I thought "Wow this is earth shattering." [10]

Then, Evan put his money into and got involved with technology.

By 2013, Evan had begun to follow and a few other prominent figures on the online forum- 'Let’s Talk Bitcoin'. Evan describes that period as being the days when the Bitcoin discourse was all about core network issues. One of the main issues that was being regularly discussed was the network stability and currency fungibility trade-off.


Evan was particularly interested in this issue of network stability and currency fungibility trade-off, as it had been a cause for concern for him as far as the was concerned. With his background in coding and finance, he perhaps had a great knowledge of those two concepts. After months of waiting for a workable solution to the fungibility issue, he decided to act. From the onset, he assumed the Bitcoin community wouldn’t take to his proposed solution so he straightaway set out to develop his own .

On January 18, 2014, Evan launched XCoin with the currency designation 'XCO'. Its X11 algorithm and the ability to make anonymous transactions surpass Bitcoin's pseudo-anonymity ability.


In a matter of days after the launch of XCoin, just under 2 million coins had been . This had the potential to become a serious issue for the as this number amounted to about 10% of the cryptocurrency’s total supply cap. The problem came about as a result of an issue with the source code from which XCoin was .

The problem was later resolved and the project was able to shake off that initial glitch by using the presence of the X11 algorithm. This method uses chaining of hashing algorithms to provide greater security to the process. The process after this is simple, X11 uses 11 different hashing algorithms so that the end result is as safe and efficient as possible. If any flaw is discovered in an algorithm in the chain, this does not affect the final result, as there will be other algorithms that will correct this vulnerability. With this algorithm, Evan sought to maximize security and prevent the ASIC(Application-Specific Integrated Circuits), so they could X11 with ease. 
Less than a week after the launch of XCoin, the 's name was changed to Darkcoin. This new name created a bit of an unwanted reputation for the project as an enabler of illicit transactions on the dark web. This situation wasn't improved by the fact that Darkcoin prioritized privacy and anonymity, with its transactions being untraceable. Wired UK even once referred to Darkcoin as 'Bitcoin's nefarious cousin.[5]


In March of 2015, the name of Darkcoin was once again changed to , a combination of 'digital' and 'cash'. The objective of the project is to replace cash with digital cash. Dash was regarded as being the first successful based on the budgeting framework and the way the cryptocurrency is governed.

After the success of , two more pillars of the Dash DAO were launched - Dash Force and Dash Labs. Dash force is responsible for all the community management activities of the Dash DAO. Dash Labs aims to promote the creation of open-source projects so as to prevent the centralization of blockchain technology development.

He regularly appears in Interviews as well as crypto talk forums, conferences, seminars, and webinars where he explains the core Dash protocols.

Evan Quits as Dash CEO

With the success of his project, Evan left his CEO position at Dash Core in 2017 and focused on Dash Labs, where he has maintained a less public profile. From there he runs free software projects in order to maintain Dash's decentralization at all times.[9]

He said that he would instead be focusing on a new branch of the organization called Dash Labs, which uses open-source hardware in order to find a long-term solution for the scaling of the network.

Evan said,

I myself will be heading up the new office in Hong Kong, called Dash Labs. We will immediately begin building proof-of-concepts of custom masternode hardware. Our existing offices in Arizona will be used for academic research. This research will be aimed at proving our ideas work and proactively searching for any problems before they crop up. Dash Labs aims to create the first open-source versions of many different types of hardware. Our goal is to help the digital currency space to remain open and transparent, while reducing the economic advantages of closed-source proprietary technology.


See something wrong? Report to us.

Evan Duffield


Did you find this article interesting?

Twitter Timeline





Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the beta site!

Join Now

Subscribe to our newsletter

Never miss any of the most popular and trending articles on when you sign up to our email newsletter.

Subscribe's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund Group.


What's IQ?StakingBonds


About usCareersBrandingIQ GPTIQ Dashboard

© 2023 Powered By BrainDAO& IQ