Dash Core Group announced that the new software (client) is already active in the mainnet. Version 0.16 comes with improvements to the PrivateSend privacy function. Too an adjustment to the incentives for miners and masternodes.
The chief technology officer, Bob Carroll, said in September 2020 that PrivateSend’s code was refactored. To remove outdated logic and establish a new, simpler, and more private method of blending for participants.
“PrivateSend mixing rounds used to have a random number of participants between three and five. In v0.16, this logic has changed. It is no longer random, but instead, a masternode will accept up to five participants and will fall back to using three or four participants if there isn’t enough liquidity at that moment,” Carroll said through a summary of the improvements.
The algorithm for creating denominations has also been modified. It should be noted that transactions in PrivateSend are executed. In the following denominations: 0.01 DASH, 0.1 DASH, 1 DASH, and 10 DASH. However, this resulted in users maintaining multiple outgoing transactions “clogging up their wallet“. Which caused the mix not to be completed.
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The new algorithm would ensure that all the funds that the user wants to mix will be mixed. Avoiding too many small transactions, the executive said.
On this point, Ernesto Contreras, Latam Business Developer for Dash Core Group, indicated:
“In previous versions when someone used PrivateSend up to 300 denominations of the smallest ones were sometimes created. That would saturate purses and people would pay higher commissions.”
Miners, Masternodes, and Quorums
Another significant change in the new software is an adjustment in the incentives that miners and masthead operators receive. The allocation of the reward is changed from 50%-50% to 60%-40% in favor of the masternodos. The modification was approved in a vote in July and will be implemented gradually over the next four years. The proposal attempts to boost the price of Dash by decreasing the number of coins in circulation.
The improvements also include a new interface for portfolios. An operations tab was included in this version for transactions made with PrivateSend.
The work of the masternodes when joining quorums has also been improved. A quorum is a random selection of master nodes that join forces to perform specific tasks such as approving transactions with InstantSend. The load on the nodes has been reduced when retrieving signatures. Previously signatures were distributed to each participating node, now the new system sends the signatures to a single selected node.
The remaining changes in version 0.16 also include optimizations to your notification system and the service test for the masters. The new software is mandatory for miners and mast cell operators who must update their clients’ version.
The mode for the allocation of rewards is the main focus of this version. The Luxor mining pool expressed its disagreement with the Dash Core Group by stating that the “miners will be hurt financially“.
Other opinions about the changes see them as a “centralized decree” since the decision on the reward would not benefit the whole network, but would favor only one group.
Dash is a clone of Bitcoin, and his project is geared towards the privacy of his users and the speed of payments. In the crypto market, DASH has a market capitalization of about 640 million dollars and a price of 65.463 dollars per unit, according to the CoinMarketCap index.