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Dash recently announced a partnership with Arizona State University (ASU) to explore ways to increase its blockchain scalability. The Blockchain Research Lab at the university has been working on solutions. Similarly, a couple of days ago the team Dash notified its followers on Twitter and its community at large of the findings following the research carried out at the university’s Blockchain Research Lab. The AMB Crypto news website describes the Blockchain Research Lab as:

“ASU Blockchain Research Lab is a research center that aims to advance the exploration and advancement of blockchain-based technologies. The intent is to adopt blockchain technology for the purpose of Business, Finance, Economics, Mathematics, Computer Science and other fields of possible reach and impact.”

Dash contributed the funding for the research, besides $350,000 has been put into the collaboration deal. The mission for the research was tailored towards studying the crypto, its network and the blockchain technology in order to figure out the probable solutions suitable for increasing Dash network scalability. Moreover, this collaboration’s findings included the Nakamoto networks too. Dash funded the project using its singular treasury system. A comment from Dash Core CEO, Ryan Taylor regarding the blockchain research says:

“Scalability has been a key challenge for the blockchain industry, but the lack of academic research into the issue has been notable. The implication of this research is prodigious not only for Dash but for crypto as a whole.”

The research team at ASU Blockchain Research Lab has its focus on increasing the block size, at the same time, simulating the network’s scaling schemes. Ryan Taylor added:

“First, it means we can continue increasing block size and network capacity to at least five times our current capacity in the near term. This means we will soon have 40 times the capacity of the Bitcoin network and a credible path to scaling further in the future. This is the type of scalability we need to achieve mass adoption as a daily payments solution.”

Dash cryptocurrency is focused on being the preferred system for digital payments as well as e-commerce. However, the findings of the research are not specifically for the Dash network, but also for other cryptos facing the same issues. The ASU team was led by Dragan Boscovic together with a couple other researchers; Nakul Chawla and Darren Tapp. Professor Dragan Boscovic said in a comment regarding the ongoing research:

“The scalability question has been a major limiting factor for most cryptocurrencies, as there has been doubt surrounding whether or not these networks can scale to handle mass adoption.” Boscovic was bullish on the research adding that “Through this research, which was made possible by our partnership with Dash, we were able to investigate the scaling limitations of the Dash network while also exploring various block propagation techniques.”

Significantly, the research found that Dash network can scale to 10MB block sizes while employing xthin block propagation. If compact propagation is used, scaling to 6MB – 10 MB is viable. Furthermore, the research revealed that “scaling well beyond 10MB block sizes using compact or xthin block propagation, while maintaining a minimal orphan block rate, is realistic.”

Dash price overview

Dash price is currently trading at $217, although it exchanged slightly above $224 yesterday. The crypto has trade lows marginally above $214, a level that is currently working as an anchor for the price. It is the 14th largest crypto with a market capitalization of $1.7 billion. Dash has a maximum coin supply of 18,900,000 DASH while 8,228,215 DASH are currently in circulation.

 


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