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In the case of a shapeshift the problem would be that, in practice, there would be two currencies with their distinct market cap. This would be a bit confusing for users because two coins, two values, two market cap.

I had imagined this same problem that you described. However, all Dash coins would still be mined in the main blockchain. The second blockchain (the private zero-knowledge proofs) would only be for private transactions. With this, it could be audited that the amount of coins in circulation are...

Hello, I had an idea about an improvement in the PrivateSend function, I do not know if it would be possible, but I'd like to share it with you. With respect to the anonymity the Dash uses an artifact similar to the coinjoin of the bitcoin where the marterndes is that manages that mixture...