Dash has released a new software upgrade that cuts transaction cost to near zero, while doubling network capacity. The release of 12.2 of the Dash Core software comes with new features, improvements and bugfixes, the organization announced earlier this week.
Dash transactions now cost less than a cent, and InstantSend transactions, which confirm online or at point-of-sale machines in less than two seconds, are reduced to 2.8 cents each.
Ryan Taylor, CEO of Dash Core, said maintaining low transaction fees was primordial to develop a healthy payment-focused network over the long term. “High transaction fees affect both consumers and merchants looking to spend the incoming funds,” he said.
“Users of several other networks have experienced firsthand the impact that high fees can have on their daily lives, as many low value transactions such as pre-paid phone top-ups or gift card purchases are priced out of the market.”
Dash’s new software rollout also increases the network’s maximum block size from 1Mb to 2Mb, allowing for about 48 transactions to confirm every second, compared to Bitcoin’s seven…