- The v0.14.0 software upgrade has officially gone live on Dash’s mainnet.
- New features to prevent chain reorganization and selfish mining.
Dash has finally upgraded its network for the much awaited “anti-51 percent attack”, marking “one of the most important updates” in its five-year history. They announced today that the Dash Core v0.14.0 software upgrade has officially gone live on its mainnet. Dash Core Group COO Robert Wicko stated that the upgrade is focused to tackle the 51% attacks which will also provide near-instant transaction times.
A 51% attack, though rare, is a highly dangerous situation. It happens when a single party controls over half of the total mining power. The attacker can easily manipulate the ledger, and steal the tokens using the computing power under his control. The upgrade would make it the first proof-of-work blockchain immune to such attacks.
The company will require the enforcement of two new features: Long Living Masternode Quorums (LLMQs) and ChainLocks. These features prevent chain reorganization and selfish mining, ensuring that nobody can rewrite the Dash blockchain unless they can control a certain number of masternodes.
Ryan Taylor, CEO of Dash Core Group, called the upgrade a “major moment” for Dash:
“In addition to bolstering our network security via ChainLocks—making our network the first Proof of Work blockchain to essentially eliminate the threat of a 51% attack—the official introduction of LLMQs opens up a whole new world of potential use cases for Dash beyond payments.”
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Prisma price tanks 25% after nearly $9 million exploit
Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol. Prisma asked vault owners to take the necessary steps to protect funds from the ongoing attack in an official tweet on X.
Meme coins gain traction after SEC’s partial win in Coinbase lawsuit: DOGE, SHIB, BRETT, POPCAT, BODEN
US SEC pocketed a partial win in its lawsuit against Coinbase, ushering a correction in crypto prices on Thursday. Despite the broad pullback, prices of meme coins like Dogecoin, Shiba Inu and Solana-based BRETT, POPCAT and BODEN increased.
Ondo moves $95 million worth of OUSG assets to BUIDL as tokenized fund attracts $245 million since debut
Ondo Finance (ONDO) announced on Wednesday that it's shifting about $95 million worth of its OUSG's underlying assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
XRP price stuck below $0.65 resistance, Ripple lawsuit could suffer from Coinbase defeat
XRP price falls slightly to $0.61 on Thursday after its landmark programmatic sales ruling in July, which gave Ripple a partial victory against the US SEC, failed to reverberate in a similar legal battle between the regulator and crypto exchange Coinbase.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.