Dash Defeated The 51% Attacks, Starts Providing Instant Transactions

Dash defeated the 51% attacks in the latest update and has now become even stronger. Dash has an important role in the crypto ecosystem after Evan Duffield and his partners began the DarkCoin project as X11 saying that they are aiming to fix the problems that the bitcoin project has so let’s find out more about it in the latest cryptocurrency news.

The biggest issue that was addressable was the near-transparency of the blockchain so by using shuffling features, DarkCoin makes it highly impossible to learn about a given transaction unless you are involved in it. DarkCoin became ‘’Dash’’ later on so Duffield explained at that time:

One issue he believed was addressable was the near-transparency of the blockchain. Using various “shuffling” features, DarkCoin could make it difficult to know a lot about a given transaction unless you were involved.

‘’One of the problems that any project based on Bitcoin suffers is the potential for 51% attacks. In its latest release, Dash has essentially solved the problem by relying more heavily on its Masternode network in addition to proof-of-working miners. The effect is that the entire network can now instantly confirm transactions.’’

The current CEO of Dash Ryan Taylor recently noted that the privacy features of Dash are just a part of the entire experience. He explained that the project provides a ‘’financial user experience.’’ Currently, Dash defeated the 51% attacks in the latest update and the new CEO noted:

 “The Dash network today is not one-dimentional. Dash delivers a user experience second to none in the cryptocurrency space today. Transactions are instant, practically costless, and incredibly secure. We have the most effective governance and funding model in the industry, the longest-running in the industry in fact. The cost to attack the Dash network exceeds even that of Bitcoin because of recently introduced security enhancements.

Dash has been grinding away developing real-world use cases as well, quietly increasing our transactions and becoming a leader in actual real-world use cases. And our next release is going to blow people away, with a complete focus on user experience and the ability to easily build applications on Dash.”

In the coming altcoin news, we can see that Dash has a new solution which are chainlocks. This technology cements a transaction in just a few seconds so all of the dash transactions will be confirmed in the same amount of time.