In the past few days, Dash significantly gained, overtaking coins like IOTA and Monero. What is the deal?
Since the beginning of March, the privacy coin saw a whopping increase of 42.8%. As a result, Dash became the biggest gainer among the top 20 coins. This occurrence does not seem accidental compared to the rather suspicious MaxiMine case.
The price began to rise after the launch Dash Core Release v.0.14.0.The update, dubbed “milestone for the Dash Core protocol,” features the Long Living Masternode Quorums or LLMQs. Its aim is to boost scalability through enhanced consensus and build on the cryptocurrency’s use-cases.
Elizabeth Robuck, Dash’s product manager noted that “LLMQs will bring greater scalability to the network by only requiring the members of the quorum to perform the propagation and validation of individual votes.”
The update is also aimed at improving security. It claims that it dramatically reduces the risk of a 51 percent mining attack. Concurrently, the LLMQ-based InstantSent adds to the scalability of InstantSend. The network will allow only one message during one transaction on the network. Only then will the transaction be confirmed.
Another factor behind Dash’s uprise is a recent conclusion of a partnership with Equicex. The London-based exchange platform and debit card service integrated Dash. It is now easier to make practical use of the coin. Moreover, PolisPay, a blockchain payments service company, also announced the integration of DASH with their cryptocurrency payment solution.
Currently, the coin is trading at $114.75. Peculiarly the recently hacked Bithumb accounted for 31.93 percent of the total trade volume via the trading pair DASH/KRW.
To add, recently DASH rolled out a new P2P charity system, offering an automated and distributed form of processing charitable donations. It was one of thy coins, alongside BTC, ETH, LTC, XRP, added by 10,000 French retail shops. That said, it seems like Dash has good potential in the nearby future. Perhaps it is indeed getting ready for the moon?