It has finally dawned on cryptocurrency community with Dash setting the record in terms of daily transactions. Blockchain based payment systems have been criticized for a long time because of the limitations in transactions per second (TPS) and daily transactions. Cryptocurrencies are yet to become worthy competitors of VISA and MasterCard. However, the Dash (DASH) team is ready to redefine the history of payments and transactions in the crypto space and the entire world.
Dash stress-test took place on Sunday 11 as scheduled. The team was determined to test the capacity and robustness of the Dash protocol to handle at least 4.5 million transactions in a period of 24-hours. In the weekly announcements, the team said that:
“This will be setting a cryptocurrency record and demonstrating the power of the Dash network. You do not want to miss this!”
The stress-net was visualized live at stresstest.mydashwallet.org. The event, publicized as the groundbreaking of any Bitcoin (BTC) based blockchain in history went down as scheduled yesterday. Updates sent to Twitter during the test showed the prowess of the Dash network. Dash was processing 2MB blocks, besides the team was confident that even though the network is likely not to hit 4 or 5 million, 3 million was quite possible.
According to another update sent to the Dash community, the network had handled more than 3 million transactions in 24 hours. This record is the highest for all Bitcoin based blockchains in the world. Mark Mason, the Dash International Outreach Coordination Director of PR/Media and Webmaster expressed his delight in a short video stating:
“The Dash stress-test has now finished. What an epic 24 hours that was. On behalf of the Dash community, I would like to extend a big thank you to Delta engine and mydashwallet for orchestrating the tress-test. The final transaction in a 24-hour period was over 3 million, which is a new record and a new high for the number of transactions achieved by a Bitcoin based blockchain. He continued by saying, “This tress-test is not just for bragging, we need to test the blockchain to its limits to identify problem areas to improve upon.”
Prior to the concluded tress-test, the Dash community witnessed the release of the network upgrade, v0.13.0.0-rc1. It is vital to note that this release is for a testnet and all the notes are going to be made available in the coming few days. Similarly, the users were asked during the announcement to have their mainnet datadir backed up. More details on the upgrade can be found on Dash GitHub page.
Dash (DASH) Price Update
The cryptocurrency market is currently mixed red and green. Dash is grinding positively with a 0.25% rise on Monday 12. The price is has resumed the uptrend following a retracement from the highs traded in the first week of November slightly above $170.The downside is protected by the 100 simple moving average on the 4-hour chart and DASH/USD is exchanging at $160.
Dash is a $1.3 billion digital asset currently ranked in the 12 position on Blockmodo. The 24-hour trading volume currently stands at $337 million. In the past few days, Dash trading volume has more than tripled, however, the market capitalization has remained relatively stable.