The stress test on the cryptocurrency
The Arizona state university did a stress test on the dash network, the study was conducted through the Blockchain research Lab. The test shows that blocks above the 0.9MB range created some inefficiencies for the mining of the cryptocurrency economically.
This news came from a partnership announced that has a price of $350,000. There was a test by the name of ‘Block Propagation Applied to Nakamoto Network’ that was published recently. That presented some scaling challenges on the Dash blockchain network, together with the potential opportunities for growth.
The study was done in order to have a look into scaling limitations regarding the Dash blockchain. The research shows that the network had a minimum of 6000 nodes in every simulation. The study ensured that the simulations ran continuously in order to guarantee the authenticity and reliability of the study results. There was a total of 700 blocks that were required in order to account for any variance in the study.
The three blocks propagation in dash’s code
The way that the study was conducted was that the research team assumed that all Dash miners mined similar block sizes. The team said they simulated the Dash network using the three block propagation protocols, which was carried out by Dragan Boscovic, Nakul Chawla, and Darren Tapp.
These three protocols were (1) the traditional block propagation, (2) compact [Cor16] block propagation and (3) Xtreme thin blocks (xthin) [Tsc16] block propagation.
The study concluded “When making use of xthin block propaganda, that it is very feasible that the Dash’s blockchain network can scale to block sizes of 10MB. Furthermore, if Dash could implement the compact propaganda protocol, then the network could scale at an estimate of around 6MB to 8MB in block size.”
Scaling beyond block size of 10MB will also be possible if Dash implemented the two block propagation protocols while maintaining the minimum orphan block rate.
Blocks above 0.9 MB will be an economic challenge
Researchers previously pointed out that the mining of blocks above 896KB would be economically beneficial to the mining of Dash’s cryptocurrency miners. This is because the transaction fees were not high enough in order to expand the orphan rate. The research mentioned that:
“As the network scales, the economic incentives of miners to include more transactions in a block should be considered. Assuming all transactions have a .01 Dash per MB fee density, a mining reward of 1.67 Dash and an economic orphan rate increase of 2.15% per MB. These results suggest that blocks over 896KB would not be economically beneficial to mine.”
Researchers advised Dash that the code limit in block size should not exceed 5MB. The same was advised for the limit capacity of 890KB for every block. The research team also needed to include simulations of bigger blocks while also creating an independent testnet for the dash network emulation.
What are your options of the research carried out by the team? Do you like dash? Please feel free to leave a comment down below.