DASH has recently announced a roadmap for the next major update, named "DASH evolution". The name already suggests some major improvements, and this is definitely the cause. There are two major announcements:
- https://www.dash.org/2017/06/27/roadmap.html - Official Roadmap
- https://www.dash.org/2017/06/26/Evan-Duffield-Hong-Kong.html - Evan Duffield's vision for the future of dash
One thing i want to analysis is this:
- "Scaling to ultra large blocks : All-inclusive plan for building hardware and software to move from 2MB blocks through 400MB blocks"
This is a huge announcement because blocksizes are usually quite small. For example, bitcoin blocks are 1MB. The larger the blocksize, the more there is to download with a full client is installed. This is blocks that are created are kepted forever one the blockchain, so having an excessively large blocksize will drastically increase the amount of data needed to be downloaded and stored.
The road map deals with this problem by stating that their vision for the future is to have dedicated nodes that keep the blockchain, rather than having everyone download the blockchain. In fact, DASH will scale in such a way that there will be minimum requirement specs for masternodes - eg v13 Evolution will require 1TB HDD / 128GB SSD.
Advantages:
- miminum specs guarentee a fast fuctioning node network, especially important for dash because DASH relies on master nodes for instant send and private send
- Allows larger blocksizes - and hence more transactions
Disadvatnages:
- Less decentralization.
That said, DASH masternodes require a 1000 DASH deposit, which at this point in time is $170,000. So an argument could be put forth that masternode owners can afford some additional hardware if they are already putting down a $170,000 deposit.
Hope you can follow me for more updates on DASH evolution and
Buy and Hold
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very helpful information. Regarding the decentralization you are right but I think it is compensated with the DAO structure of dash which gives high level of decentralization to them (to us).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I thought with an increased block size, more transactions could be fit into one block. So for the same number of transactions, whether the block size is 1MB or 400MB, the blockchain sizes would be kind of comparable, yeah? From my understanding of what I just read here the blockchain gets significantly bigger only when there are enough transactions to fill up a ton of blocks. ie a blockchain with 400MB blocks is 400x as large as a blockchain with 1MB blocks only if the transactions/second are 400x that of the blockchain with 1MB blocks so that the 400MB blocks are filled at the same rate as the 1MB blocks. If there are the same number of transactions per unit of time on both blockchains, their size is roughly equal because the size of each transaction isn't very different (if at all). So in the case where the rate of transactions is equal, there would be far larger blocks on the 400MB size limit chain but far fewer blocks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey, I really think that is the good thing, the "DASH evolution" for the only one reason that DASH masternodes already require a deposit of 1000 DASH as you said. Te rule is already insert in the system. But if they didn't require that deposit, I think that would be a totally stupid evolution. But just one thing, don't you think that this deposit needing is against the wish/will of the blockchain's operat, in general ? I mean, the decentralisation ?
Thank you for giving news about Dash system :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The 1000 coins are importat to protect the network from attacks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice so say ! I didn't know that :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I could have elaborate somewhat. It basically makes it really expensive for someone to attack the network. So called "Sybil attack"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes so now that's logic, but it is a smart way to protect the network. But the concurrence, if they are mean, could maybe even pay to try. But then i don't know how that works.. ^^
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just read on up on "Sybil attack"
(Wild speculation fropm my part) Right now i dont think you can buy that much dash so you can do a sucsessfull Sybil attack.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yes and no. I know decentralization is the general goal, but so is having an efficient payment network.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Don't really think many people buy a full node at 170k most nodes is probably early investors.
Theoretically, they could lower the amount of coins needed for a node.
But the master nodes would probably don't vote that thru ;D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They are planning to do master node shares, so you can get the benefits of owning master nodes without the stress of setting them up / getting them up to par
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah read that too, i own some shares of a node. Wonder how the current masternode payouts will be affected, if the node count grows much faster. Hopfully it makes dash even more stable as increased insentive to HODL. (i really like the ide)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit