Freshness: 12/6/2018 20:09
A new stress test revealed that the scaling of the DASH coin is almost limitless. According to its developers, DASH network will be able to compete with major payment providers like PayPal. The result of this test should be useful in revitalizing the crypto. This is after the price of DASH fell by over 30% in just 10 days.
The Stress Test
The stress test was taken about two weeks ago and the results were impressive. About 3 million transactions took place in 24 hours. At that time, the speed was 35 transactions a second. This is four times higher the results of the last test that took place in summer. No other test has come close to these results. The communities carried out the stress and transaction fees via donations. However, the Dash Core Group played an important role in monitoring the test results.
The company CEO was quite happy with the results. He stressed that DASH could meet the increasing demand. Researchers at Arizona State University also examined the results. They concluded that the DASH blockchain did not have an upper limit in terms of transactions limit.
DASH was born out of a hard fork with BTC in 2014. It apparently helped to deal with the issue of scalability. Right now, crypto market fluctuations and the bear market affect DASH price. However, the technology has not slowed down as the stresstest revealed.
The Significance Of The Block Sizes
The issue of block size is often discussed with BCH, a fork of BTC. The issue is whether BTC needs to expand the block size to 128 MB. Right now, the block size is 32MB. It can handle 5.7 million transactions a second. This proposal would increase scaling ability and allow more transactions to take place.
However, this would also cause costs to rise. The DASH block size is just 2MB. However, it still manages eight times as many transactions compared to the BTC. If the block size grew to 10MB, its speed would grow forty times than that of BTC. It could likely handle 15 million transactions daily. However, this is not needed right now.
This is because while the stress test manages 3 million transactions, the network has a current capacity of just 20,000 transactions daily. On tough days, the transactions can be 30,000 while they can hit 200,000 on rare occasions. The stress test showed that 3 million transactions could take place on a 2MB block size. This is impressive not just to the community but to the developers too.
Protection From 51% Attack
DASH might soon implement a unique feature that is being called ChainLocks. It will eliminate the chances of a 51% attack once deployed fully. ChainLocks will ensure transactions are secured and confirmed once the block is processed. This is as opposed to waiting for six other blocks to be signed. This ensures that chain reorganization is almost impossible. It will also ensure that chains, which are not published, can be invalidated quickly.
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