Dash Halving | bitcoinlinux.com
The Dash protocol developer completed the halving at a block height of 1,892,161, the block reward decreased from 2.49 DASH to 2.312214 DASH. At the time of writing, the hashrate is 3.38PH/s.
The next DASH halving will take place on July 7, 2024. After that, the block reward will be 2.1448 DASH, down from 2.3097 DASH. Now there are 210,207 blocks left for mining.
However, in fact, the DASH halving is not a halving of the block reward. Instead of the usual halving of the block reward as in Bitcoin (BTC) every four years, Dash uses a small block reward halving of 7.14% every year.
The Litecoin (LTC) token halving is expected to be next. This will happen in 40 days – on August 2. The current block reward is 12.5 LTC and will be 6.25 LTC after the halving. There are 23,280 blocks left in total.
After the LTC halving, the community is waiting for the Bitcoin halving, which will take place on April 27, 2024. The block reward is planned to be 3.125, with the current block reward being 6.25.
How the Dash protocol works
The Dash protocol uses the DASH utility token as one of the payment methods for fees on the DASH network, as well as for staking. The main difference of the protocol is its masternode system – a special server with a copy of the Dash blockchain. Users who have at least 1000 DASH can manage masternodes that support multiple network functions.
Dash has become one of the POW tokens that the US Securities and Exchange Commission (SEC) has designated as a security. Along with DASH, the US exchange regulator named Algorand (ALGO), OMG Network (OMG), Monolith (TKN), and IHT Real estate protocol (IHT) tokens as securities in a lawsuit against cryptocurrency exchange Bittrex.
What happens to the price of DASH
Amid the halving, the DASH token price peaked at $34.77, hitting a new weekly high. However, in 24 hours, the price of the coin decreased by 0.82% to $33.94 at the time of writing.
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