Dash warns users against wrong masternodes or face exit from payment cycle 18154
News
Jessica Kuruthukulangara
Jul 11, 2018 at 1:45 PM

Dash on Wednesday warned users against using the wrong version of masternodes as they would be kicked out of the payment cycle once the “spork” is introduced. The Dash Core v0.12.3.2, a maintenance release of the Dash Core 0.12.3.x series which features bug fixes and improved initial sync, was launched on Monday.

A masternode is a member of the network that performs important services for the crypto protocol. To become a masternode, certain criteria have to be met such as possessing 1000 coins, which can be kept as collateral, and having an IP address which is dedicated to the network for at least 23 hours in a day.

See also: Dash aims to achieve scalable payments system globally with upcoming projects, CTO explains how

The developers said that all masternodes should be on 12.3.2 – version 70210 before the upcoming spork, or multi-phased fork, as it was mandatory for Testnet, which is an alternative block chain used for testing updates in code.

A spork is a mechanism by which the upgraded code is released into the blockchain network but is not immediately enforced. This allows a smoother transition into the latest code and avoids the risk of unintended network forking during the upgradation.

34 Bytes adds Dash as payment option

34 Bytes LLC on Monday said it added Dash to its services, along with Litecoin, as it introduces new merchant options as the coins gain traction among crypto users. 34 Bytes is a platform that provides cryptocurrency point-of-sale terminals for retailers.

Dash has become increasingly popular in the crypto market, especially since it offers privacy, faster transactions with a structure that supports governance, thereby making it a more stable investment.

The coin has listed close to 1,500 merchants on the Discover Dash online business directory, a Dash Force News report said. Interestingly, nearly 400 of the businesses that accept the coin are in Venezuela, where the digital currency’s growth rate is far superior to the Venezuelan bolivar.

As of 0745 GMT, the virtual currency was trading at $218.15, 2.8 percent lower against the U.S. dollar. However, the coin has climbed 25.1 percent in the last one year.

Image via Shutterstock

Join our telegram group