Leapfrogging Bitcoin, Dash Adopts 2MB Block Sizes

Dash, the cryptocurrency formerly known as DarkCoin, has marked its second birthday on Monday with a vote among its stakeholders to increase the blocksize from 1 MB to 2 MB. Despite coming far ahead of demand for the move, the measure passed in less than 24 hours by an overwhelming majority with 99 percent of the vote.

Completely decentralized, Dash proponents boast it is superior to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term in several ways: (1) it has instant confirmations vs. 10 minutes or more for bitcoin, (2) the mining system provides rewards for development of the network vs. relying on donated time, like bitcoin does, and (3) the governance of Dash is hard-coded into its network, so all stakeholders who run a node of 1,000 Dash or more get an instant vote on the future of the network.

Evan Duffield, an American programmer based in Phoenix, is the founder of the cryptocurrency. The developers say that while they believe bitcoin will always hold a great utility for store of value and sending of larger transactions (into the millions of dollars), Dash is immediately a better solution for smaller transactions and microtransactions (the existence of which has slowed down and “bloated” the bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, leading to its current scaling issues).

Over the last seven days, the price of Dash has gone up by about 45% to $4.46, solidifying its position as the fifth biggest cryptocurrency by market capitalization, following Ethereum's Ether.