Posts Tagged ‘Dash’

Dash Block Size Increase to 2 MB Has Been Accepted

22, Jan 2016

dash-logo

While the Bitcoin debate around the block size continues the alternative crypt currency Dash, formerly known as DarkCoin, has shown how a consensus about an increase of the block size can be reached quickly and efficiently. By holding a vote among its stakeholders to increase its blocksize, even if there is not yet immediate need of such an increase, from 1 MB to 2 MB a consensus has been reached within 24 hours with 99 percent of the vote for the increase. Currently each block of Dash contains less than 10 transactions on average and is justa few kilobytes in size, so there is not much need of 2 MB block size, however with the developers expecting the blocksize to grow over time the need for further increase in the not so near future can be avoided (learning from Bitcoin).

According to Coinmarketcap Dash is currently the 5th crypto currency in terms of Market Cap, however you can also say it is the third one after BTC and LTC if you take out Ripple and Ethereum due to the first being pre-mined completely and the second one with a very large initial pre-mine. Dash has some interesting and useful advantages as compared ot Bitcoin and some other crypto currencies including much faster transaction times, offering more anonymity and still being mined with GPUs only (no ASICs) using the popular X11 algorithm. Lately there have been some interesting and positive news regarding Dash that have also resulted in the price of the altcoin increasing a bit in the last few days.

Darkcoin (DRK) X11 alternative cryptocoin, Now DASH (DASH)

20, Feb 2014

darkcoin-altenrative-crypto

DarkCoin (DRK), now renamed to DASH, aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions. These features are a work on progress and will be released in stages in the near future. DarkCoin (DRK) uses a specialized CPU and GPU miners, so you will need to download these in order to be able to mine this new crypto, download links are available below.

DarkCoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoins were originally. ASICs will be much more difficult to make for these algorithms and will take years, so GPU mining should be the main solution for mining these coins.

Website
– http://www.darkcoin.io/

Block Explorer / Crawler
– http://explorer.darkcoin.io/chain/DarkCoin

SPECIFICATIONS

  • 0.00000% Pre-mined
  • Super secure hashing algorithm: X11 – 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
  • Block reward is controlled by moore’s law: (11111 / (((Difficulty+51)/6) ^ 2))
  • CPU mining initially, now also GPU mining
  • Block generation: 2.5 minutes
  • Difficulty Retargets using Kimoto Gravity Well
  • 84 Million Coins Max
  • Block reward halves every year
  • Encrypted transaction network: Work In Progress
  • Anonymous blockchain using coinjoin technology: Work In Progress

DOWNLOADS
– Online Wallet
– Windows
– Mac

Source Code
– at GitHub

GPU MINERS
– sgminer for AMD GPUs
– ccMiner for Nvidia GPUs

POOLS
hhttp://www.drkpool.com
https://www2.coinmine.pl/drk/
http://pool.darkcoin.io/
http://cpu-pool.net/drk/
http://darkcoin.miningpoolhub.com/
http://dark.suchpool.pw/
http://dark.v2.dedicatedpool.com/

EXCHANGES
– Binance
– Bittrex
– HitBTC
– Livecoin
– Yobit
– Gateio
– Citex
– Crex
– Graviex
– Stex
– Txbit


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