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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722756 times)
aleix
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August 30, 2019, 01:21:14 PM

Hello! Please tell me, DASH can be scaled as a BSV to 14,000 transactions per second?

FYI

https://medium.com/@eduffield222/how-to-enabling-on-chain-scaling-2ffab5997f8b


https://docs.dash.org/en/stable/introduction/about.html
https://docs.dash.org/en/stable/introduction/features.html

cheers,
qwizzie
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August 30, 2019, 01:45:03 PM
Last edit: August 30, 2019, 03:14:09 PM by qwizzie

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/

Quote
First, Bitcoin SV rarely takes advantage of its current 128 MB block size cap, mainly because few entities are transacting on the BSV blockchain.

Link : https://bitinfocharts.com/comparison/size-bsv.html#1y

On average, Bitcoin SV uses less than 350 KB per block.

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 ?  Undecided

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alevlaslo
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August 30, 2019, 01:55:03 PM

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

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qwizzie
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August 30, 2019, 02:08:58 PM
Last edit: August 30, 2019, 03:14:42 PM by qwizzie

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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alevlaslo
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August 30, 2019, 02:13:33 PM

The opportunity is there, but there is no need it for DASH now - I understand correctly?

but the ETH has a need but no possibility

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qwizzie
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August 30, 2019, 02:16:16 PM
Last edit: August 30, 2019, 02:37:32 PM by qwizzie

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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alevlaslo
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August 30, 2019, 02:18:11 PM

at 5 times only?

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qwizzie
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August 30, 2019, 02:21:13 PM

5 times only?

From 2mb to 10mb = no problem (5 times over with regards to blocksize = 40 times higher network processing power then Bitcoin)
10mb to ? = using extremely thin (x-thin) block propagation
? to ? = using hardware specialization


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alevlaslo
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August 30, 2019, 02:22:25 PM

it is very small to cover the entire population, the Visa handles 20,000 tps

but BSV has already created a finished product for the entire population and the reputation of the BSV creators is not critical, if there is something now that no other


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qwizzie
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August 30, 2019, 02:25:16 PM

it is very small to cover the entire population, the Visa handles 20,000 tps

I kinda doubt we can get the entire population to adopt Dash, it would be nice of course but i doubt it  Tongue
Personally i would be glad if we just get our 2MB blocks full as that will indicate that Dash has been successfull at
attracting more users and getting more transactions. It will be a long road, for any cryptocurrency focussed on getting any kind
of mainstream adoption.

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alevlaslo
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August 30, 2019, 02:26:29 PM

for this reason Dash has no future   Undecided

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qwizzie
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August 30, 2019, 02:29:00 PM

for this reason Dash has no future   Undecided

You are entitled to your own opinon of course. Lots of people said in the past Dash has no future.
We are proving them wrong every day....

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hd49728
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August 30, 2019, 02:41:46 PM

You are entitled to your own opinon of course. Lots of people said in the past Dash has no future.
We are proving them wrong every day....
They will reappear at the time they think right time to troll DASH, like Mr.Ice, whom is a year-long loyal troller of DASH. Without them, the thread looks boring, because we all said about positive things of DASH. I do think they actually do great works, to help DASH become more popular in altcoin market. If I am not wrong, DASH ANN thread is one of the biggest ones among top altcoin projects. That is another good fact that DASH has never lost attention from investors and community.

What happened with DASH in last two years, since all time high, and what happened with Latin American nations and communitites of DASH there, especially Venezuela will play big role in future of crypto currency, from bitcoin to DASH.
qwizzie
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August 30, 2019, 02:44:38 PM

You are entitled to your own opinon of course. Lots of people said in the past Dash has no future.
We are proving them wrong every day....
They will reappear at the time they think right time to troll DASH, like Mr.Ice, whom is a year-long loyal troller of DASH. Without them, the thread looks boring, because we all said about positive things of DASH. I do think they actually do great works, to help DASH become more popular in altcoin market. If I am not wrong, DASH ANN thread is one of the biggest ones among top altcoin projects. That is another good fact that DASH has never lost attention from investors and community.

What happened with DASH in last two years, since all time high, and what happened with Latin American nations and communitites of DASH there, especially Venezuela will play big role in future of crypto currency, from bitcoin to DASH.

Yep, you are right. This thread is the largest viewed and commented ANN thread of the altcoins and is rarely a dull place  Grin
And i agree that the grass root movements that Dash helped getting funded in Latin America and who are currently doing all the groundwork there, will indeed be a factor for future Dash growth.

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alevlaslo
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August 30, 2019, 02:48:12 PM

I wanted to invest, and you upset me that the network will not be able to scale

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qwizzie
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August 30, 2019, 02:48:42 PM

I wanted to invest, and you upset me that the network will not be able to scale

on a scale from 1 to 10 how upset are you ?

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aleix
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August 30, 2019, 03:05:15 PM

I wanted to invest, and you upset me that the network will not be able to scale

on a scale from 1 to 10 how upset are you ?

 Cheesy  Cheesy
qwizzie
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August 30, 2019, 03:07:03 PM

I wanted to invest, and you upset me that the network will not be able to scale

on a scale from 1 to 10 how upset are you ?

 Cheesy  Cheesy

I guess he is too upset to post right now  Undecided  Roll Eyes

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alevlaslo
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August 30, 2019, 03:33:31 PM

will have to buy KMD or remain in BSV

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AzzAz
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August 30, 2019, 03:34:02 PM

I wanted to invest, and you upset me that the network will not be able to scale

on a scale from 1 to 10 how upset are you ?

 Cheesy  Cheesy

I guess he is too upset to post right now  Undecided  Roll Eyes
...and DASH block time is ... than BSV...
And Laslo: do as you said and please come back here in few months ( half year ) to tell us how's scaling going Smiley
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