Dash Coin celebrates its second anniversary, founder Evan Duffield posts a message to celebrate and announce expansion plans

Yesterday, January 18th, was Dash’s second birthday. Founder埃文•杜菲尔德published an article to celebrate Dash’s second anniversary and announced two pieces of news: one was the implementation of Dash’s trademark rights, and the other was Dash’s 2MB block expansion proposal.

Trademark Enforcement

We are pleased to announce that the legal review process regarding Dash’s trademark rights has been completed. We and our service providers can safely use the “Dash” trademark. Dash is now one of the few digital currency projects with clearly defined trademark rights.

This is our first big win for the Dash Foundation, and we would like to thank the Foundation for its efforts on trademark legal matters over the past year… In addition, we would like to thank the Foundation members for their financial support. Without their fees, we would not have been able to afford the necessary legal expenses because our blockchain management system was not in place at the time. The resolution of the trademark issue means that we can officially rename the Darkcoin Foundation to the Dash Foundation.

Block expansion

We would also like to propose raising the block size limit of Dash to 2MB to prepare for the future growth of the Dash network. We would like to know if the Dash community (stakeholders) supports us doing so. To do this, we will launch our decentralized governance system and conduct a node vote.

Currently, our block size is 1MB, but we are able to process 4 times more transactions per second than the Bitcoin network. Our network can theoretically allow for about 28 transactions per second, and increasing the Dash block size to 2MB would allow for up to 56 transactions per second. This would allow the Dash network to process 8 times more transactions than the current Bitcoin network. Planning for the long-term success and future growth of the network is important so that we are prepared for future expansion and give us time to continue researching and developing other ways to improve the network's efficiency.

The reason for increasing the block size limit is not because of concerns about the centralization of the Dash network, but because of the full-function node reward model. As the transaction volume and usage of the Dash network continue to rise, the profits of the masternode network will also increase, generating excess funds to handle the additional bandwidth without losing decentralization. Other digital currency projects do not have a full-function node reward program, and the number of full nodes and bandwidth requirements are inversely proportional.

In order to implement the 2MB block size increase and prepare for Dash "Evolution", we must address some concerns about security. There is a concern that even at the current 1MB block size, an attacker could add a transaction to the network that takes 30 seconds to process, and at 2MB, an attacker could add a "10-minute script", which is a theoretical risk. To shut down these attacks, there will no longer be "completely free" transactions in the block. Instead, we will impose a fixed fee per KB that is negligible in normal use of the Dash blockchain. This can be done through a fork code that sets a system-wide variable. Once set, all blocks will respect this limit or be rejected by the network.

If our proposal receives more than 33% of the yesvotes in the network, then we will implement this expansion plan. If the network votes are less than 33%, the proposal will be abandoned and the block size limit will not be increased.

Evan called on the community to support his proposal: Please give Dash room to grow. If you support this expansion proposal, please vote in favor: mnbudget vote 74e9003906b2ddba7b0115e9bc728367255122cf8da64b5bafec22b9d35683af yes

Original article: https://dashtalk.org/threads/dash-birthday-trademark-resolution-blocksize-limitation.7696/#post-79124
By Evan Duffield
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information (http://www.8btc.com/dash-two-years)