Dash & Arizona State University research analyze blockchain scalability
Dash and the Arizona State University Blockchain Research Lab have come together under one roof to analyze the scaling solutions. The duo will be accessing the roadblocks and the potential opportunities that the solutions hold. Dash blockchain will be aided from the collaboration as they will be able to advance themselves accordingly.
The open source peer-to-peer cryptocurrency went public with the news by posting the news on Twitter, stating: “#Dash & #ASU #Blockchain Research Lab Discuss New Research on #Scaling Solutions #DigitalCash”
— DASH (@Dashpay) August 1, 2018
The Dash and the Arizona State University research
Working together, the duo published ‘Block Propagation Applied to Nakamoto Networks’ research paper. It showcases the combined analysis of different scaling solution scenario simulations for the Dash network. Scalability challenges in Proof-of-Work (PoW) blockchains have also been discussed in the paper.
Ryan Taylor, the CEO at Dash Core Group, who sees scalability as an integral issue that needs to be addressed, said: “Scalability has been a key challenge for the blockchain industry, but the lack of academic research into the issue has been notable. The implication of this research is prodigious not only for Dash, but for crypto as a whole.”
“First, it means we can continue increasing block size and network capacity to at least five times our current capacity in the near term. This means we will soon have 40 times the capacity of the Bitcoin network and a credible path to scaling further in the future. This is the type of scalability we need to achieve mass adoption as a daily payments solution.”
When discussing key issues facing crypto and blockchain and other Nakamoto networks, the possibility and ability of scaling these networks has been the primary concern and focus.
Professor Dragan Boscovic, the Director of the ASU Blockchain Research Lab and professor in the Ira A. Fulton Schools of Engineering, who also considers scalability as a big factor speedbreaking most of the cryptocurrencies, said: “The scalability question has been a major limiting factor for most cryptocurrencies, as there has been doubt surrounding whether or not these networks can scale to handle mass adoption.”
“Through this research, which was made possible by our partnership with Dash, we were able to investigate the scaling limitations of the Dash network while also exploring various block propagation techniques. We’re excited to broaden our research in the future to potentially explore other pertinent topics including the operation of mining pools, and the role of multi-tier networks.”
Image via Shutterstock
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