The opportunity is there, but there is no need - I understand correctly?
Yes, we can upgrade easily 5 times over (getting a network capacity processing power 40x bitcoin) but we have currently too few transactions on our network and therefore dont have anything close to full blocks to justify such upgrade. |
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you did not understand my question, will Dash be able to increase the block size to 2 gigabytes if it is required? Vitalik gives the alarm that USDT takes 90% of resources, and the solutions of the second layer in the form of Plasma and Lightning will not solve the problem and puts BCH as an example of good technology
Dash can only upgrade to a level thats safe for both its miners and its masternodes. Dash can additionally upscale to a higher blocksize by using extremely thin block propagation. After that Dash can only upscale on-chain further by using specialized hardware. So no, i dont think Dash can upgrade to a blocksize of 2GB in a very short period of time. Nor should it want to. In the end BSV and Dash are two completely different networks and have different goals set for themself. Also BSV does not have a good track record with regards to merchant / user adoption and currently has an extremely bad reputation thanks to Craig Wright. I just dont see BSV ending up in any kind of leading role, regardless of its blocksize increase (which is not being used) and associated theoretical TPS. |
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Hello! Please tell me, DASH can be scaled as a BSV to 14,000 transactions per second?
BSV does the upscaling by upgrading its blocksize from 128MB blocksize to 2GB blocksize and in a later stage plans to have its blocksize uncapped altogether. Problem is that very few transactions occur on BSV's network to justify this blocksize upgrade and it could end up being very costly for full nodes operators to keep their full nodes up and running (just think about the costs for all that increased data storage and server renting), which will cause a decline in BSV number of full nodes and will therefore lead to centralization of its network. Current size of BSV blockchain : 191.97 GB ( https://bitinfocharts.com/) Current number of BSV full nodes : 455 ( https://sv.coin.dance/nodes/sv) Max number of transactions per second with 2Gb blocksize* : 9000-14,000 * a lot of BSV miners have their blocksize hard cap set to 512MB, not 2Gb. So this theoretical 9000-14,000 is most likely a lot lower This is an interesting article about BSV versus Bitcoin : https://cryptoslate.com/craig-wrights-misinformed-attempt-at-scaling-bitcoin-bsv-frivolously-increasing-block-size-to-2gb/With regards to Dash : Dash scaled by increasing its blocksize from 1mb size to 2mb size some time ago, but also just like BSV rarely max out its blocksize. Link : https://bitinfocharts.com/comparison/size-dash.html#1y But Dash rewards its full nodes for staying online and by providing services to the network, which gives Dash a very strong and decentralized network. According ASU research ( https://asunow.asu.edu/20180731-asu-and-dash-publish-new-research-blockchain-scalability), Dash can upgrade its blocksize at least five times without requiring higher hardware requirements from its masternode network. This means Dash can upscale to 40 times the capacity of the Bitcoin network Current size of Dash blockchain : 15.3 GB ( https://bitinfocharts.com/) Current number of Dash masternodes : 4923 ( http://178.254.23.111/~pub/masternode_count.png) By increasing its blocksize from 1mb to 2 mb size, Dash can currently handle 56 transactions per second. Since Dash already researched the impacts of upgrading from 2mb to 10mb and concluded its safe to do so if ever necessary, it means Dash can upgrade its transactions per second from 56 to 280 if it ever needs to (when its blocks are getting full). This is the largest difference between BSV and Dash, BSV increases to very high blocksize that most of its miners cant support and which will bring higher costs to its full nodes operators, who are starting to close their full nodes (why support a BSV full node, when you are not getting paid for it and you only see the costs ballooning upwards). Dash has done a moderate blocksize upgrade (from 1mb to 2 mb), with the least impact on its full nodes and can safely upgrade to higher blocksize if necessary. Then there is the case of Dash Evolution coming out, i'm not sure how this exactly affects Dash transactions per second. Could it for example increase Dash transactions per second ?  |
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I just hope you keep those 15 altcoins you are accumulating somewhere safe offline, and not on some exchange.
Personally i would go for a hardware wallet that supports all those coins you are interested in.
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I think its normal for exchanges to take a hard look at their own listings from time to time and remove those coins that have little traction. With Coinmall there seems little interest among their own users in Zcash and Bitcoin Cash, so they removed those. The lesson that can be learned here is that even if you have name regnonition to your cryptoproject it does not mean you are automatically exempt from scrutiny. Keeping development going, sustaining and strenghtening your crypto use case and expanding your use case(s) in the future is therefore of the utmost importance. |
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Lets have some facts here about referred Coindesk article :
I'm no fan of Coindesk's reliability generally but I've seen MANY instances of the Dash Venezuela usage hype being debunked including many times on twitter when it comes up and people who appear to be genuine ordinary Venezuelans saying the exact same thing that Coindesk did: that no one uses it, that merchants which theoretically support it generally don't even know how to accept a Dash payment and nor do they ever encounter real people paying with Dash, that total crypto usage is very small, and those who do use crypto mostly use Bitcoin. Believe what you like or do homework. I rather believe in hard facts or in a thorough investigation, then rely on twitter posts in a time where everyone has an opinion and are using twitter to express themself (just look at how much "facts-value" comes out of the twitter account of a certain American president). Anyways, enough with the off topic here. Lets get you guys back on the Monero rails. |
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While Dash is being actively used in every day life by communities that really need it the most in these times like Venezuela, Colombia, Brazil.
This hype has been debunked repeatedly. Most recently “We’ve been accepting dash for two years. We currently haven’t received any clients using dash to pay for their events. They’d rather use bolivares or dollars,” she said.
...
Los Costilla, a popular, dash-friendly restaurant, is one example. A representative told CoinDesk they haven’t accepted any type of cryptocurrency for over a year.
Lets have some facts here about referred Coindesk article : * Writer of that article broke off contact with regards to fact checking with Dash Core Team and failed to re-establish contact before posting this article. This is highly unresponsible journalistic behaviour. * Writer had to do two seperate rather embarressing corrections on the article after publication. * Writer failed to support their article with any facts that Dash is not the most used crypto in Venezuela, writer just quoted a few local sources and then made the rather unsupported personal opinion that because of these local sources Dash may not be the most used crypto in Venezuela. Writer does not state which according to her (or to any investigation) then is the most used crytocurrency in Venezuela. The thing that really surprised me is seeing how one of Coindesk's local source is quoted saying they rather use bolivares, when we all know about the hyperinflation, which is making those same bolivares totally wearthless. Those bolivares are these days littering the gutters of the streets in Venezuela and people are actually making baskets / purses out of bolivares, because it lost any monetary value.  Venezuela's currency is worth so little that artisans are making purses out of it https://www.miamiherald.com/news/nation-world/world/americas/venezuela/article213372814.htmlThis of course makes Coindesk's "local sources" in this article rather questionable. |
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Over 1,000 Have Paid With Dash for Car Parking At Venezuela Shopping Mall A shopping mall parking garage in Venezuela that recently began accepting Dash payments has now processed over 1,000 payments in Dash. Announced earlier this month and debuted in mid-July, the parking garage at the Milenium shopping mall in Mérida in western Venezuela integrated Dash for processing payments. This has been facilitated by the Dash Cabimas team, which has also set up a method for selling Dash to potential customers so that they may immediately use it to pay for parking. To date, the parking garage has recorded over 1,000 payments with Dash, an average of about 23 per day. This has only taken into account a single location at a single shopping mall, which also claims several other merchants accepting Dash, whose transactions are not counted in this figure. This current figure is up from 697 reported transactions when first reported on the 13th of August. Read more - https://dashnews.org/over-1000-have-paid-with-dash-for-car-parking-at-venezuela-shopping-mall/Credits : NibiruHybrid
Source : https://bitcointalk.org/index.php?topic=421615.msg52304036#msg52304036Leveraging Dash for payments at parking garages addresses a key challenge facing Venezuela: inefficient payment processing. Payments to parking terminals in particular reportedly can take up to an
hour to finalize, significantly increasing the delay in exiting a location. By taking advantage of Dash’s instant and permanent settlement, customers are able to pay and exit in a matter of seconds instead. Above is a good example of a specific Dash use case : providing a fast, decentralized and secure payment processing solution to customers.
-qwiz
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Current state of Altcoins and Bitcoin Pretty pointless to attack just Dash, when current bearish sentiment affects all crypto markets in top 17 (and beyond). It will not take long now before the "billion dollar marketcap club" will loose some more members.... Maybe today is for many cryptocurrencies a  .. or maybe not. Time will tell.
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It must be a "lets troll dash" day today   |
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In May 2014 price of DASH was almost 0.03 BTC, now is less then 0.009 and keep decreasing. That is more then 3 times less in only five years. If we continue like this in 2024 price will be 0.002 BTC.
What can management do to prevent such loses? Can anything be done at all or all of them just gave up on it long time ago?
Thank you for your answer in advance, and only serious answers please.
Wow, you must be really worried about Monero's price right now that you feel a need to troll the Dash ANN forum with FUD questions like that. In fact you seem to be posting a lot lately in other altcoin's threads with this "concerned" trolling of yours. A bit of a warning for you : never ever go full troll, it will damage your forum reputation beyond repair. To all : Febo is a bit of a fanatic supporter of Monero and is known for making trashing and degrading comments on Dash. Link : https://bitcointalk.org/index.php?topic=1007526.msg52190264#msg52190264He mostly resides in the Monero Speculation thread, but can also be found in any other thread relating Monero. Lately he seems more busy with attacking other crypto-projects, while trying to promote Monero at the same time.  Good advice, try that yourself and please dont use trolling as new hobby as you kinda suck at it. |
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Still a bit weird to see Coindesk not mentioning Dash in the title of the article. The information is pretty Dash-specific (a pilot of a dash-enabled point of sale system, XpayCash).
Coindesk : Venezuelan Pharmacy Chain to Accept Cryptocurrency Payments
Coinfomania : Dash Now Accepted as Payment at Venezuelan Pharmacy Farmarket in 22 Locations
Learnbonds : You Can Now Use DASH To Buy Pharmaceuticals At Farmarket Retail Chain
Dash News : Dash Integrated Into Venezuelan Pharmacy Chain Farmarket With 22 Locations
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Thank you guys, i appreciate the compliments. We have a good cryptoproject here and i appreciate all those that contribute to it. We all make a damn fine Dash community  |
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Thank you tranthidung, for the update on Dash's "vitals" (hashrate, volume, active number of masternodes).
hashrate : interesting to see it fluctuate like that, i suspect its closely connected to Dash mining profitability & to Dash mining difficulty & to Dash ASIC miners having hit the market a few years back
volume : indeed a strength of Dash, it kept a decent amount of traded volume (150-200 million USD), throughout the whole bear market
active number of masternodes : Dash ATH with regards to total number of active masternodes is 4,967 and Dash has slowly been creeping back up to that number (currently at 4,899). This is a very good sign for Dash
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Why do you think your proejct will be better than others? What is your marketing plans?
Marketing plans dont make better projects. Developers, clear roadmaps and good communication between developers and its community make better projects. Dash Core Team : https://www.dash.org/team/ Dash Roadmap : https://www.dash.org/roadmap/Dash Official Announcements : https://www.dash.org/forum/topic/official-announcements.54/Dash Vision : Offer users instant, private and secure transactions that are so simple, you won’t even know you are transacting on a blockchain. Anyone can participate in the network,
and Dash is widely available for purchase around the world. The ingenious masternode network means sending any sum of money around the world is as simple as tapping
your phone at your local store to buy groceries. Say goodbye to slow transactions, complex international account numbers and high transaction fees – Dash is digital cash! Source : https://www.dash.org/learning-resources/Dash is a better cryptoproject in comparison to many other cryptoprojects as Dash already focussed on certain aspects, that could one day limit Dash if Dash ever got to the stage of mainstream adoption. These aspects are : Scalability * Researched by Dash through its partnership with ASU (Arizona State University) --> https://ui.asu.edu/content/asu-dash-publish-new-research-blockchain-scalability* Dash already increased its blocksize (ahead of time) from 1 mb to 2 mb size. Dash reached consensus about this blocksize increase within 24 hours, through its masternode network and can easily upgrade to much higher blocksize if Dash ever needs to. Currently the Dash network can technically handle 8x more transactions per second, then the Bitcoin network * Dash can put heavier hardware requirements to its masternode network, increasing the processing capability of its masternode network Speed* Where InstantSend used to be an optional choice to get transactions instantly confirmed and protected against double spending for additional fee and with some delaying time before it gets spendable for the receiver, Dash has improved InstantSend by making it default on all transactions, instantly protected against double spending, instantly spendable for the receiver, with no additional fees and totally secure after one confirmation Low Transaction Fees* Dash historically managed to keep its transaction fees low by adjusting this in code when necessary, so that Dash can maintain its role as an accessible to all decentralized transaction provider (digital cash) Usability* Dash has been working for many years now on a project named Dash Evolution, which will introduce more user-friendly wallets (important if you ever want to reach mainstream adoption), Decentralized API (an important decentralized way of easily adding new services or integrating new merchants to Dash), Dash Drive (where meta-data can be stored on the masternodes through masternode sharding), Dash Platform (where developers can add their products and services). The first iteration of Dash Evolution (Dash Core v1.0) will be on Dash testnet end of december 2019 By regnonicing the importance of these aspects early on and heavily focussing on them, Dash will soon be in a position where it can scale to mainstream adoption without experiencing the scaling problems other projects already experienced (Bitcoin, Ethereum). |
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