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Dash sets to implement the 2MB blocks as Bitcoin rejects

Dash sets to implement the 2MB blocks as Bitcoin rejects

In earlier 2016, compellingly the Dash’s governance system voted to upgrade to 2MB blocks including Masternodes. The priorities of developing Dash are becoming more focused. Since the new and recent release of Dash 12.2 version seems to implement the larger blocks soon.

Particularly, upgrade of 12.2 version is ahead of the Dash progress. Significantly, the main intention is to make cryptocurrency easily accessible.

Also Read: London CEX.IO Cryptocurrency exchange now listed Dash

UdjinM6 core developer writes:

The most prominent changes are:

InstantSend vulnerability fix (activates via DIP0001 lock-in);

DIP0001 implementation (which is a 2MB block upgrade);

Various RPC changes;

Transaction fee reduction 10x (activates via DIP0001 activation);

Lots of backports from Bitcoin Core and refactoring of our own legacy code which should improve performance and make code more reliable and easier to review;

PrivateSend improvement which should allow user to have mixed funds available much faster;

Experimental HD wallet with BIP39/BIP44 support.

Larger block is not necessary

Obliviously, the larger blocks are not in need, the currency does not process many transactions to fill its current blocks. The blocksize increase the on-chain scaling plan announced by Evan Duffield. He declares that Dash network can scale to large numbers of transactions by using big blocks via custom hardware.

Duffield explains,

“Many projects in the space believe that on-chain scaling is impossible. That’s simply because they haven’t explored alternative P2P architectures for higher performance. We intend to show just how far an incentivized second tier [masternode] architecture can take a project like Dash”.

Bitcoin’s and Ethereum’s path

Bitcoin has chosen to follow a different path i.e., off-chain scaling through the lightening network. Since it tends to work by moving transactions off-chain onto “payment channels” later sets the result to the Bitcoin Blockchain.

Secondly, the Ethereum will not only sit on either sideline. Since the currency plans to implement the “Raiden Network” that will utilize the payment channels.

Accepting Fork

Meanwhile, if Bitcoin avoids hard forks, Dash welcomes them. Therefore, the Dash network usually need miners to share the block reward with masternode. Likewise, if miners attempt to keep the entire reward to themselves then the network will reject their blocks.

During an upgrade, enforcement can be turned off. Thus, it enables both miners and masternodes with less time to upgrade their software. Hence, it prevents irrepressible forking caused by one part of the network rejecting the other part.

Read Next: Ethereum processed to overtake Bitcoin by end 2017 – Expert’s prediction

Best path uncertain

It is uncertain to declare that Dash, Ethereum, and Bitcoin will be successful in solving the scalability problem. Since, both the “payment channels” and “big blocks” scaling methods have several issues. However, another solution might occur or both solutions could be feasible.

However, the main one thing to be certain that cryptocurrency to be popularized globally. As thousands of people must be able to transact at one same time.

Author

Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.