Dash Releases Software Upgrade For Cheaper Transactions

By James Gray·11 November 2017·2 min read

Key Points

Dash's network infrastructure received a substantial upgrade this week as the team unveiled version 12.2 of its Core software.
The new release delivers multiple enhancements, technical improvements, a

Dash's network infrastructure received a substantial upgrade this week as the team unveiled version 12.2 of its Core software. The new release delivers multiple enhancements, technical improvements, and bug remedies rolled into a single package. Transaction costs have become dramatically cheaper—ordinary payments now register at fractions of a cent, while InstantSend transactions, which finalize in under two seconds at checkout terminals or online retailers, carry a fee of merely 2.8 cents per operation. Ryan Taylor, serving as chief executive at Dash Core, emphasized that sustainable, affordable transactions represent the cornerstone of any viable payment-oriented cryptocurrency network. "When transaction fees increase substantially, both individual users and merchants suffer negative consequences," Taylor stated. "Participants across other blockchain networks have confronted the harsh realities of soaring fees firsthand, where everyday payments—whether mobile phone credit purchases or digital gift card transactions—become economically unfeasible."

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The upgrade simultaneously addresses the network's processing limitations by increasing maximum block size parameters from the previous 1Mb ceiling to 2Mb. This expansion translates to roughly 48 completed transactions each second flowing through the Dash network—a figure that dwarfs Bitcoin's seven transactions per second throughput. "Transaction demand in the cryptocurrency market expands rapidly, making it essential that we maintain substantial headroom ahead of future requirements," Taylor explained. "We're actively coordinating with potential business partners around transaction-heavy use cases, and we must demonstrate to the marketplace that Dash's infrastructure can expand alongside whatever demand materializes."

The digital currency holds position as the sixth-largest cryptocurrency by total market valuation, with a current capitalization hovering near US$2.59 billion. The year has witnessed remarkable price momentum—beginning at roughly US$80 in the opening months before accelerating to over US$330 in recent weeks. Dash expanded its exchange footprint when Singapore's Huobi.Pro platform commenced trading support this week. Since late October, the cryptocurrency has also been accessible through Quoine's two trading venues, specifically Quoinex and Qryptos. These listings underscore Dash's drive to penetrate Asian cryptocurrency markets, where adoption and trading activity continue climbing.

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