Dash doubles block size

Dash, the third most popular cryptocurrency used for global payments, is doubling its block size to two MB following 99 percent stakeholder approval.

Dash, whose current market cap is $25 million, has a four dollar per coin valuation. It cites three differentiation points:

  1. Instant confirmations (compared to 10 minutes or more for other cryptocurrencies);
  2. A mining system which retains a share of rewards to pay for future network development;
  3. Governance which is hard-coded into the network allowing stakeholders running a 1,000-plus Dash node to have an instant vote on future network development.

In a release Dash said it is a better solution for smaller transactions which bog down bitcoin blockchain.

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