November 8 Dash released the expected software update - Dash 12.2. The new version includes a number of fixes, a code to increase the block size to 2 MB and other changes that will be required for the main release of Evolution in 2018.
Even in the current overheated market, growth of 575% in six weeks is something unusual. Such a sudden and rapid rise in price of Dash has several explanations: this is an increase in block size, integration and Dash Evolution.
In the bitcoin community, supporters of the bloc's enlargement were in the minority. After the cancellation of SegWit2x, most of these users migrated to Bitcoin Cash, but some could hedge their bids by buying Dash. Bitcoin Cash showed much better results than expected, exceeding the level of $ 4,000 after the addition of a crypto currency to Coinbase.
It is possible that Dash is growing due to attention to Bitcoin Cash, as well as expansion of the network scale and large blocks.
The enlargement of Dash blocks to 2 MB was only the beginning, in the near future they are planned to increase to 5 MB, and someday - up to hundreds of megabytes.
The co-founder of the project, Evan Duffield, points out that, since owners of the master crafts get 45% of the reward for the block, they will have the opportunity to switch to high-speed specialized equipment. With the price of Dash at $ 1,500, owners of master crafts receive $ 10,500 a month for each.
This year, the Dash project concluded a number of partnership agreements, in particular, the goal of partnership with Alt36 - the use of Dash in the legal sale of marijuana. Crypto currency Dash has also been added to several well-known exchanges, including Kraken, Bitfinex, Huobi and others.
State University of Arizona, together with Dash, creates a laboratory for research in the field of blockade. Dash is also integrated with several crypto-currency debit cards, their owners can pay crypto currency at 40 million outlets around the world.
According to Dash Core CEO Ryan Taylor, in the future Dash will be added to several more exchanges, the project will conclude partnership agreements with the global payment system, ATM manufacturer, several large retailers and a company working in the healthcare field.
In addition, Dash developers have been working for more than a year on a major upgrade of Dash Evolution, which will dramatically simplify the use of crypto currency.
According to Taylor, the company creates something like an online payment system, like PayPal or Venmo, but completely decentralized. If the team Dash really succeeds, the price almost certainly will start to grow rapidly.
Now the annual budget of Dash, which is formed from 10% of the reward for confirming transactions, is 124 million dollars. None of the block-project has such a large permanent source of income. With so much money, the company can afford to hire dozens of the best developers in the industry.
