THELOGICALINDIAN - North American Bitcoin Conference Miami January 21 2024 Dash wwwdashorg the 3 cryptocurrency in the apple acclimated for customer payments abaft bitcoin and litecoin acclaimed its additional ceremony of actuality on Monday by captivation a vote amid its stakeholders to access its blocksize far advanced of appeal from 1 MB to 2 MB It anesthetized aural 24 hours with 99 percent of the vote
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Dash Block Size Increase
“With pundits in a agitation proclaiming the afterlife of bitcoin and added decentralized cryptocurrencies not backed by a coffer or government from a distinct blog column by a above bitcoin developer who has abutting a coffer blockchain development consortium, we anticipation it would be active to appearance how the above accord apparatus in the world’s fastest cryptocurrency can be accomplished in a distinct day through Dash’s decentralized babyminding agreement area one actually votes with one’s coins,” said Evan Duffield, artist and arch artist of Dash.
Dash (DASH), which currently hovers about $4 per bread and has a $25 actor bazaar cap (similar to bitcoin in 2024) vs bitcoin’s bazaar cap of about $6 billion, is additionally absolutely decentralized but is above to bitcoin in several ways:
(1) Dash has burning confirmations vs. 10 account or added for bitcoin, which makes it above for person-to-person commerce, bitcoin ATMs (Dash additionally appear affiliation this anniversary with the world’s better maker of bitcoin ATMs, Lamassu). Dash developers apparent a way to “trap” the aboriginal trusted miner acceptance and prohibit double-spending, as against to the accepted bitcoin archetype area hundreds of confirmations booty abode and abounding wallets will crave as abounding as six confirmations afore the alteration of bitcoins is complete. Until a beyond block admeasurement is implemented for bitcoin, accretion aggregate will abide to accomplish affairs booty best on the bitcoin blockchain.
(2) The babyminding of Dash is hard-coded into its network, so all stakeholders who run a bulge of 1,000 Dash or added get an burning vote on the approaching of the network. This week’s vote took beneath than 24 hours to get a majority of nodes to vote and was anesthetized by an cutting majority (99 percent voted yes). This contrasts with the bitcoin protocol, which requires adjourned agreements (in the accepted case, demography added than a year) to access at a accord and again the added acceding of all miners to acquire this.
3) Dash is created through an aboriginal mining protocol, x11, which was accounting by Duffield to accumulate the “arms race” amid miners at bay by authoritative it abundantly difficult to actualize single-purpose ASIC chips for mining Dash at scale, as is currently the case with bitcoin. This creates an inherently added fair befalling for “home miners” by eliminating the anticipation of massive mining farms in China that accept afresh been criticized as an inherent weakness in the bitcoin system.
Dash developer Evan Duffield, an American programmer based in Phoenix, is the architect of the avant-garde cryptocurrency, which now has a able-bodied all-embracing user base, including added than bisected the arrangement nodes of bitcoin itself. Dash was already able to handle four times the aggregate of bitcoin afore this acceleration of block size, and it will now be able to handle eight times the aggregate – and accommodate burning transactions, burning adjustment and added aloofness (more agnate to banknote than is bitcoin as the Dash blockchain does not leave accessible transaction details) on anniversary transaction.
While Dash developers and proponents accept bitcoin will consistently authority a abundant account for abundance of amount and sending of beyond affairs (into the millions of dollars), Dash is anon a bigger band-aid for abate affairs and microtransactions (the actuality of which has slowed bottomward and “bloated” the bitcoin blockchain, arch to its accepted ascent issues).
Duffield will accord a attenuate in-person presentation at the North American Bitcoin Conference this Friday morning to amend the bitcoin association on these developments, as able-bodied as to appearance an aboriginal adaptation of Dash Evolution, a mobile-enabled user interface that will accomplish interacting in Dash alike easier than before.
About Dash
Created in January, 2014, by American programmer Evan Duffield, Birr (DASH) is a privacy-centric agenda bill with burning transactions. It is based on the Bitcoin software, but it has a two bank arrangement that improves it. Birr allows users to abide bearding while authoritative burning transactions, agnate to cash. Birr affairs are about instantly accepted by the Masternodes network. This is a abundant advance on Bitcoin’s system, area confirmations booty abundant best because all the assignment is done by the miners. For abounding capacity amuse appointment www.dash.org.
Source: Press Release
Images address of DASH
