Dash aims to achieve scalable payments system globally with upcoming projects, CTO explains how
Dash Core had earlier announced a new addition to their team, Bob Carroll, who has joined as the Chief Technology Officer. Carroll is a veteran in the IT industry and has served as Apollo Group’s CIO, formerly. The IT veteran will lead the development of the Dash network and its products.
A recent internal report by JP Morgan says that cryptocurrencies like Ripple, Bitcoin, Ethereum and Dash etc. are here to stay. The crypto company’s main aim is to provide a global system for payments that’s user-friendly and scalable. Carroll spoke about the projects he’ll embark on as the new CTO.
He said the company plans to deliver a major architectural enhancement to the network, called Evolution. This, he explains, will ensure that the Dash Core platform can be extended with the Dash Application Protocol (DAP). Thus, ensuring easier integration of third-party software on the Dash Network and on-chain payments can be added to their existing products.
He adds that a new wallet called DashPay will be launched. According to him, this will lead the way for other solutions by leveraging the DAP. Moreover, the new wallet will make cryptocurrency more accessible and familiar to the masses by bringing a Venmo-like user experience to the Dash network.
Dash can scale on-chain to the level of mass payment networks
He adds that in addition to embarking on these new projects, they’ll still focus on old ones. Namely, research on Blockchain and cryptocurrency’s scalability and sustainability issues. The crypto company in collaboration with Arizona State University just completed their first joint research project on scalability. The research paper, which is called “Block Propagation Applied to Nakamoto Networks” shows that Dash can scale to near PayPal levels.
According to Carroll, the company will continue to explore technologies which can boost scalability and their impact as well. He adds that simulations with larger blocks will be continued. Furthermore, they’ll look into how the graphene protocol affects block propagation by conducting tests. Carroll said that they believe much higher network capacities can be enabled through this.
Finally, he spoke about regulators coming down hard on privacy coins. He said that though the crypto’s original value was highly focused on its privacy features, it’s optional. But, they’re also dedicated to providing a much broader overall user experience. He adds that the company mainly aims to make the cryptocurrency an easy, reliable, and superior payment option for everyone.
Image via cryptocurrency news
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