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Dash Miners Set Record Hashrate

Dash's hashrate reached an all-time high, signifying strong miner support for the thirteenth-largest cryptocurrency.

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Although prices continue to ebb and flow, Dash mining activity is at an all-time high. According to data from Bitinfocharts, the processing power used to secure the Dash blockchain has just hit record numbers. According to data from BitInfoCharts, the total network hashrate clocked in at 3.2385 petahashes on April 19th of this year, beating November’s record of 3.237 PH.

 

Dash hashrate reaches all time high
Via BitInfoCharts

SIMETRI Research

 

The project’s hashrate has shown resilience to slumps in price activity across the markets, as Dash News originally reported. The previous record was set when the price of dash sat around $154, but the newest all- time high was set at $124 per coin. A strong network resistant to slumps in prices shows commitment among the community of miners, suggesting the network will become even stronger during bull markets.

Dash’s node count is also recovering since the implementation of Dash 0.13, an upgrade which changed all masternodes on the Dash network into deterministic nodes, along with the activation of default instantsend transactions. At the time, the network shed hundreds of its 4,912 nodes that had not yet upgraded, but since then, the node count has shot back up to 4,837.

The integrity of any blockchain is often tested when the markets fall. Dash’s hashrate activity and the strength of its master nodes network suggest that there may be more to the payments currency than just price action.

DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Jalen Fargharson
Jalen Fargharson
Jalen is a Brooklyn native now living in Florida, where he is a licensed life insurance, variable annuities, and securities agent. Despite this background in traditional finance, it's cryptocurrency that truly stirs his passion. Jalen drinks more green juice than is good for him, and his Maltese pup is definitely the boss of him.

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