It’s been a tumultuous week for cryptocurrencies, yet with all eyes on Bitcoin and Bitcoin Cash, 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.
Among a sea of red, Dash stood out as one of the day’s biggest gainers, up over 60 percent at its peak. The obvious question is why.
Big blocks activation
As Bitcoin’s big blockers gave up hope following the cancellation of SegWit2x, Dash had already begun the process of activating a block size upgrade on its own network, boosting blocks to 2MB. While Bitcoin Cash is by far the favorite of the big block crowd, it’s possible some have placed at least a portion of their funds in Dash.
Earlier this year, Dash received some positive attention from big blockers Roger Ver and Charlie Shrem.
Dash has its own scalability plan, and it’s chosen an on-chain path. Rather than deploying payment channels like Bitcoin’s experimental Lightning Network or Ethereum’s planned Raiden Network, Dash intends to use ultra-large blocks. Dash’s founder Evan Duffieldposted on Medium earlier this year: […]
Read Full: All Eyes On Dash As Currency Surges 60% Despite Crypto Market Turmoil
