The week was tumultuous for cryptocurrency, but with all eyes on Bitcoin and Bitcoin Cash, the Dash digital currency has seen an impressive rise. the last 24 hours. Earlier in the day, Dash was valued at $ 319 each. Less than 12 hours later, the price had risen to $ 520 before falling back to $ 460 at the time of publication.
Dash stood out as one of the biggest winners of the day, up more than 60%. The obvious question is:
Big blocks activation
While the big blockers of Bitcoin lost hope after the cancellation of SegWit2x, Dash had already started to activate an upgrade blocks on his own network. , increasing the blocks to 2 MB. While Bitcoin Cash is by far the favorite of the big crowd, it is possible that some have placed at least some of their funds in Dash.
Earlier this year, Dash received positive attention from big blockers Roger Ver and Charlie Shrem.
Dash has his own scalability plan, and he chose a path on the chain. Rather than deploying payment channels like Bitcoin's experimental Lightning Network or Ethereum's planned Raiden network, Dash intends to use ultra-large blocks. The founder of Dash, Evan Duffield, published on Medium this year:
"Many projects in the space think that the scaling up of the chain is impossible. This is simply because they have not explored other P2P architectures for higher performance.We intend to show up where a second level architecture incentive [masternode] can take a project like Dash. "
Version 12.2 and Evolution
The largest blocks are part of a network upgrade to version 12.2 of the Dash software. UdjinM6 Senior Developer posted on Dash Forums:
The most notable changes are as follows:
- DIP0001 implementation (which is a 2 MB upgrade)
- Reduction of transaction fees 10x (activation via activation DIP0001);
- InstantSend vulnerability correction (active via DIP0001)
- PrivateSend enhancement that should allow the user to have mixed funds available much faster;
- Various changes in the PRC;
- Many backports of Bitcoin Core and refactoring our own legacy code which should improve performance and make the code more reliable and easier to review;
- Experimental HD Wallet with BIP39 / BIP44 Support
These changes help pave the way for Dash Evolution, expected later next year. The evolution aims to make the use of cryptocurrency so simple that "even your grandmother [could use it]". Since Evolution should be a major update, the market should favor all the steps towards this goal.
When the price of Dash rose rapidly in March of this year, many believed that the pumping and dump crews were at work. We have seen such pumps and dumps several times this year, because large sums of money quickly buy an asset, reduce shorts, and then sell once new investors arrive and push the price even higher.
something that no project controls, and while most currencies would prefer gradual organic growth, market manipulators sometimes have other ideas
Qu & # 39, whether it is pumping or discharge teams or a sudden appreciation of the prospects of the project, Dash has experienced an unprecedented surge as the global market has dropped. Of the top 10 currencies by market capitalization, Dash is up 33%, Ethereum up 4% and Monero up 7%. The others are all flat or low. Indeed, 36 of the 50 major currencies by market capitalization are now in red.