Connect with us


DASH Announces Latest Version of v12.3 Network

Anoushka Shrestha



Source: Unsplash

Dash recently announced the latest version of v12.3 network on their Twitter account. The new version of the open source peer-to-peer cryptocurrency was announced on 3rd July with new developments inclusive of PrivateSend, InstantSend, Dash network and Dash Evolution.

Source: Twitter

Source: Twitter

Dash has gained popularity in the industry for the quality of its transactions being prompt and private. It is a self-funded organization that owns a self-governed organizational structure.

A post from a Dash user on the website addressing the latest upgrade reads as follows:

“We are pleased to announce the release of Dash version 12.3, which improves InstantSend and lays additional foundation for Dash Evolution. The upgrade is complete, tested, and ready for release. Although ready now, as with past releases we feel it is prudent to wait until after the next superblock to officially release. EDIT: Version 12.3 will be generally available after the next superblock which occurs around 13:00 UT on July 3, 2018.”

Update on Dash's forum

Update on Dash’s forum

Masternode operators, exchanges, pools, and explorers will need the updated version 12.3 to be able to continue receiving rewards. The upgrade will also include a new DevNets feature that will enable the creation of multiple independent DevNets to take place.

“Each devnet is identified by a name which is hardened into a “devnet genesis” block and is automatically positioned at height 1 block.”

The upgrade is built to lower the number of inputs that are designated to each wallet. User privacy is also said to have been improved by means of eliminating the merging together of small non-private inputs and decreased UTXO set size.

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Anoushka is a full-time journalist at AMBCrypto, passionate about writing with a degree in B.A. Combined Humanities. She holds no value in cryptocurrencies currently.


Ampleforth could help create next-gen synthetic commodities for portfolio diversification, claims Blockfyre report




Ampleforth could help create next gen synthetic commodities for diversification of portfolios claims new Blockfyre report
Source: Unsplash

Ampleforth was the first token to successfully complete an IEO on Bitfinex. This IEO caught the attention of a lot of users in the cryptospace, as the $5 million hard cap was sold out within the first 11 seconds. A new report by Blockfyre details how Ampleforth could pave the way for a new asset class for portfolio diversification in the future.

The report also highlighted a feature of Ampleforth that allows a flexible supply that adjusts to the market demand, while price simultaneously finds equilibrium. The token also aims to tackle the strong correlation that most cryptocurrencies share with Bitcoin.

Synthetic Commodity

Ampleforth project has the ability to create synthetic commodities that are disconnected when it comes to price fluctuations due to correlations, which is a common problem faced by both cryptocurrencies and traditional asset classes. Although Bitcoin was created to tackle problems that fiat currency inherently has, it still has some correlation issues.

In a world where traditional assets are widely affected by macroeconomic and global political scenarios, Ampleforth aims to create a new asset class, Synthetic Commodity, to tackle this problem.

The report stated,

“BTC as a synthetic commodity doesn’t show correlation to traditional markets such as stock stocks and bonds. Thus it reflects a potential good investment for portfolio diversification, in order to tackle macro-economic recession”

Although BTC is an uncorrelated asset, other cryptocurrencies are widely correlated to it. Ampleforth’s protocol introduces synthetic assets that “will always find a price-supply equilibrium by adjusting the price due to demand.” The report added,

“It needs to be emphasized, that these price-supply information will always be distributed amongst all token holders, so the supply of all token holders will decrease / increase. As a result, the overall cut of the total supply for each person will always remains the same.”

The report further said that if successful, Ampleforth will directly compete with Bitcoin’s $145 billion market cap and also against traditional asset market-based in fiat.

Subscribe to AMBCrypto’s Newsletter

Continue Reading