Dash Blockchain Halts, Binance Pool Suspends Mining Rewards

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.Dashpay, blockchain for the privacy-focused coin $DASH, halted after developers attempted to hard fork the blockchain and implement an update. baidakova reports

on April 14 and included significant modifications on how the nodes and wallets function. The update requires a hard fork – an irreversible change in the protocol rules that needs to be adapted by the absolute majority of nodes – otherwise the blockchain will split into two parallel versions of transaction history.

After the v19 activation, a new version of Dash masternodes will be introduced, with higher collateral requirements and more authority on the blockchain, according to the Dash Core official. Masternodes host full copies of the blockchain and support some complex functions of Dash. They need to post a collateral to operate, receive rewards for supporting the network and also can vote to support new projects for Dash.

The update will bring a number of other changes for nodes, wallets, Dash anonymity features and other aspects of the blockchain’s operation, including copying some of the features of the Bitcoin blockchain. One of the new features will be that transactions that appear “stuck” in the queue to be processed will be re-sent sooner that they are now, after one hour, instead of the current more than 24-hour delay.on testnet to bring some high-level updates to how the blockchain works.

Dash was launched in 2014, more than a year later than Ethereum, but hasn’t been enjoying massive popularity, currently with a market cap of $493 million, 85th in size

 

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