{"id":15283,"date":"2017-11-13T00:00:00","date_gmt":"2017-11-12T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/11\/13\/all-eyes-on-dash-as-currency-surges-60-despite-crypto-market-turmoil\/"},"modified":"2021-09-18T11:39:04","modified_gmt":"2021-09-18T11:39:04","slug":"alleyes","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/alleyes\/","title":{"rendered":"All Eyes On Dash As Currency Surges 60% Despite Crypto Market Turmoil"},"content":{"rendered":"

It\u2019s been a tumultuous week for cryptocurrencies, yet with all eyes on\u00a0Bitcoin and Bitcoin Cash<\/a>, the digital currency Dash has experienced an impressive surge over the past 24 hours. Earlier in the day, Dash was valued at $319 each. Less than 12 hours later, the price had surged to $520 before retreating to $460 at press time.<\/p>\n

Among a sea of red, Dash stood out as one of the day\u2019s biggest gainers, up over 60 percent at its peak. The obvious question is why.<\/p>\n

Big blocks activation<\/h2>\n

As Bitcoin\u2019s big blockers gave up hope following the cancellation of SegWit2x, Dash had already begun the process of activating a\u00a0block size upgrade<\/a>\u00a0on its own network, boosting blocks to 2MB. While\u00a0Bitcoin Cash<\/a>\u00a0is by far the favorite of the big block crowd, it\u2019s possible some have placed at least a portion of their funds in Dash.<\/p>\n

Earlier this year, Dash received some positive attention from big blockers\u00a0Roger Ver<\/a>\u00a0and\u00a0Charlie Shrem<\/a>.<\/p>\n

Dash has its own scalability plan, and it\u2019s chosen an on-chain path. Rather than deploying payment channels like Bitcoin\u2019s experimental\u00a0Lightning Network<\/a>\u00a0or Ethereum\u2019s planned\u00a0Raiden Network<\/a>, Dash intends to use ultra-large blocks.\u00a0Dash\u2019s founder Evan Duffield<\/a>\u00a0posted on Medium\u00a0earlier this year<\/a>:<\/p>\n

\u201cMany projects in the space believe that on-chain scaling is impossible. That\u2019s simply because they haven\u2019t explored alternative P2P architectures for higher performance. We intend to show just how far an incentivized second tier [masternode] architecture can take a project like Dash.\u201d<\/p><\/blockquote>\n

Version 12.2 and Evolution<\/h2>\n

The bigger blocks come as part of a network-wide upgrade to version 12.2 of the Dash software. Core developer\u00a0UdjinM6 posted<\/a>\u00a0on the Dash forums:<\/p>\n

The most notable changes are:<\/p>\n