Dash was forked from Bitcoin on 18 January 2014 by its developer Evan Duffield; it is driving the blockchain revolution with its masternodes and privacy-focused characteristics. It was one of the most successful coins with potential partnerships with VISA and other financial institutions. The price of Dash, however, is down 90% from its All-Time High (ATH) which due to market manipulation and bubble effect hardly is the only indicator of its success.
Dash Stress Test
On 11th November 2018 Dash went under a stress test where more than 3 million transactions were hosted on the network in a 24-hour period. The network confirmed all the transactions and passed with flying colours.
The Dash stress test comes only months after BCH reported its test results confirming 2.1 million transactions. Dash has broken the record of BCH; which is marketed as the most advanced payment system and the future of digital payments.
The test was conducted by DeltaEngine which is a subsidiary of the Dash Foundation, released a brief report of the test, concluding a successful trial with almost no setbacks. A few interruptions transpired, though the network mostly ran very well, according to DeltaEngine CEO Benjamin Nitschke:
“BASED ON OUR SIX NODES WE HAD RUNNING FOR SERVICES, ETC., NONE OF THEM WENT ABOVE 2%, AND THEY ALL DOWNLOADED 500MB EXTRA BLOCK DATA DURING THE 24-HOUR STRESS TEST WITHOUT A HITCH. BUT SEVERAL MASTERNODES AND SOME EXPLORERS CRASHED, PROBABLY DUE TO MEMORY ISSUES OR RUNNING OUT OF SPACE. SOME USERS REPORTED 100% CPU USAGE, BUT WE DIDN’T SEE THAT FOR ANY NODE OURSELVES.”
Development of Dash Text in Venezuela
The Venezuelan economy has been reeling under the threat of high inflation; this has prompted the citizens to switch to cryptocurrencies for a stable economy. Dash has been a game changer in the region with high adoption rates. Over 2,200 merchants in Venezuela are accepting Dash.Over 2,200 merchants in Venezuela are accepting Dash. They are also moving to Dash to avoid the high inflation of the Bolivar. Click To Tweet
Dash has recently developed the Dash text protocol for users who can buy, sell, send or receive Dash even if they do not own a smartphone. This comes in light of the fact that 60% of the people in Venezuela do not own a smartphone. As more consumers began to accept Dash and use POS solutions, it made sense to expand to consumers that did not have a smartphone, but still needed to escape the accelerated inflation of the local fiat currency. Dash Text did just that by making it easier to incorporate the Dash cryptocurrency into existing systems without creating confusions or disturbances for merchants or consumers.