Dash have got USD Record $570 and 2MB Block

Now they have fourth place in cryptocurrency market
22 November 2017   1024

Altcoin Dash had hit $570 per coin for the first time after it had a client update and new features which send investment into overdrive. They published new Dash Core release version 12.2 in 8 of November. Thanks to this it was possible to achieve both a 10 times reduction in transaction fees and an upgrade to 2MB blocks which increased throughput. After this Dash has risen over $250. And now in cryptocurrency market cap it has the fourth-largest.

DASH is emerging as the crypto payment rail while Bitcoin asserts itself as Gold 2.0.

 

Max Keiser, Dash economist and Bitcoin advocate

One of the reasons for introducing new features has become the need to help “solve inflation” in the turbulent economy of Zimbabwe, because this country needs in increased throughput and large amounts of transactional in a short time. The project for Zimbabwe was realized in partnership with KuvaCash.

Dash Core Group to Lay Off 8% Staff Including Execs

Remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization
06 March 2019   237

The software developer of the privacy-oriented cryptocurrency network Dash, the Dash Core Group, was forced to make some difficult financial decisions. So, on March 7, the company fire 8% of the stuff, including the strategic director and director of business development. This is reported by The Block.

Note that the remaining employees of the Dash Core Group voluntarily refused wages and bonuses to support the existence of the organization.

According to CEO Ryan Taylor, cuts will affect only certain parts of the company in order to avoid complete collapse.

The organization’s leadership claims that more than six months ago, a moratorium was imposed on hiring new people, and the spending policy remains conservative.

It is worth adding that Dash is a fork of Litecoin, which appeared in 2014. The company did not conduct an ICO, and the only source of income is 10% of the mining, divided between the miners and masternodes. Thus, the bear market has quite significantly affected the stability of the organization.

Recall that in November 2018, the Dash Text service was launched in Venezuela, which allows you to send transactions via mobile phones using text messages. Then the event had a positive effect on the asset quotes.