The digital currency Dash has experienced an impressive surge over the past 24 hours. Earlier in the day, Dash was valued at $319 each. Less than 12 hours later, the price had surged to $520 before retreating to $460 at press time, CoinTelegraph reported.
Dash stood out as one of the day’s biggest gainers, up over 60 percent at its peak.
As Bitcoin’s big blockers gave up hope following the cancellation of SegWit2x, Dash had already begun the process of activating a block size upgrade on its own network, boosting blocks to 2MB.
Dash has its own scalability plan, and it’s chosen an on-chain path. Dash intends to use ultra-large blocks.
Dash’s founder Evan Duffield posted on Medium earlier this year: “Many projects in the space believe that on-chain scaling is impossible. That’s simply because they haven’t explored alternative P2P architectures for higher performance. We intend to show just how far an incentivized second tier [masternode] architecture can take a project like Dash.”
The bigger blocks come as part of a network-wide upgrade to version 12.2 of the Dash software. Core developer UdjinM6 posted on the Dash forums:
The most notable changes include DIP0001 implementation, transaction fee reduction, InstantSend vulnerability fix, PrivateSend improvement which should allow user to have mixed funds available much faster, various RPC changes, experimental HD wallet with BIP39/BIP44 support.
The changes help pave the way for Dash Evolution, expected later next year.