Blockchain

Blockchain Expansion Analysis By Dash And Arizona State University

Tempe, AZ — July 30, 2018 — The Arizona State University Blockchain Research Lab and Dash, a top cryptocurrency for payment and e-commerce, have released new research that features a portion of the scaling difficulties and potential opportunities for the Dash blockchain. Titled “Block Propagation Applied to Nakamoto Networks,” the research speaks about the results of various scaling solution scenario reenactments for the Dash network while at the same time providing potential insights on the scalability challenges confronting Proof-of-Work (PoW) blockchains.

The group — drove by Dragan Boscovic, director of the ASU Blockchain Research Lab and scientists Nakul Chawla and Darren Tapp — concentrated on stimulating diverse block size scaling situations for the Dash coordinate with three distinct kinds of block propagation protocol: traditional full block propagation, compact block propagation and extreme thin (xthin) block propagation. Every stimulation ran was applied to networks with no less than 6,000 hubs and to represent fluctuation the stimulation were run sufficiently long to stimulate no less than 700 blocks.

Ryan Taylor, CEO of Dash Core, said that Scalability has been a key challenge for the blockchain, however, the absence of academic analysis of the issue has been striking. The implications of this research is massive for Dash, as well as for crypto overall. In the first place, it implies we can keep expanding blocks size and networkability at least five times our present limit in the close term. This means we will soon have 40 times the limit of the Bitcoin network and a sound way of scaling further in the future. This is the kind of scalability we have to accomplish mass adoption as a daily payment solution.

As reported by Payment Week, the simulations were carried out at ASU’s Center for Assured and Scalable Data Engineering (CASCADE). The research is a part of a $350,000 partnership that was reported in January 2018 amongst Dash and ASU, which was financed by Dash’s unique treasury system and includes funds reserved for the Blockchain Research Lab and in addition Dash Scholars program.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Vincy is a believer in technology. She produces updates on digital currency and covers the development of blockchain technology. She reaches her audiences with unique and captivating content. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy the website.

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