DASH Coin Price Soars By Over 30% As Cryptocurrency Payments Protocol Update Looms

DASH Soars By 32.4% As Protocol Update Looms

Over the past month, the value of DASH has been growing steadily. The cryptocurrency, which was going for $84 per unit, is now available for $111.2, representing a 32.4% increase. Many speculate that the upcoming upgrade of the DASH protocol is the primary reason behind this significant increase.

In comparison, the entire crypto market grew by 11.2% over the same period. The aggregate market capitalization value of all digital currencies increased from $130 billion to $145 billion. DASH has also performed impressively over the past week, rising by 20%. At the time of writing, the coin had grown by 9.6% over the past 24 hours.

Last week, the testnet version of the upcoming Dash Core protocol went live. As expected, it has several new and exciting features, which include;

  • Long Living Masternode Quorums (LLMQs) – this will allow the blockchain to scale efficiently and increase the application areas for the DASH network. Elizabeth Robuck, a manager at DASH, said that LLMQs will prevent nodes from overwhelming the network because they will not be required to store and validate all votes.
  • ChainLocks based on LLMQ – this will secure the DASH network by mitigating the effects of 51% attacks.
  • LLMQ-based InstantSend – increases the speed of sending transactions by lessening the number of nodes required to verify the transaction.

Another development concerning DASH is the currency’s integration into the Equicex debit card. This is expected to increase the popularity of DASH in struggling economies such as Venezuela.

Going by the rate at which DASH is adding new useful features, it is likely that its value will continue increasing.


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