Regarding the Dash Core Release v0.16.0 a lot of scope has been added to the project since the initial Product Brief got published in June. Reportedly, the end of September has been fixed as the target for the major release to hit the mainnet.
Of note, the final stage in the process is their third release candidate, v0.16.0 RC3, is coming next week to the testnet. Over the next few days, they are going to merge the final pull requests, tag the release in the repository and begin with the gitian builds. The testnet release will also be announced through typical social media and other marketing channels.
Dash@DashPay tweeted: “Check out the updated product brief for Dash Core v0.16, with a target release date for the end of September. RC3 in testnet next week. Besides what we previously announced, this release will include the block reward reallocation and UI/UX improvements.”
Since the DashCore v0.16 is set to be a major release it will be a mandatory upgrade for most of the users. Version 0.16 also introduces the multi-year shift in terms of allocation of block rewards between the master nodes and the miners.
Apart from this, this release will also include several improvements to Dash which includes performance optimizations, wallet user interface enhancements, greater stability, and numerous enhancements via the Bitcoin back ports. Comprehensive details about the release are provided in the release notes.
The major release highlights are block reward reallocation, core wallet UI/UX improvements, Quorum Signing optimizations, Network Threading, Minimum Protocol Check and Bitcoin Back ports.
Sydney Ifergan, the crypto expert tweeted: “Dash are rocking. I like their latest progress about near instant deposits, transactions, and withdrawals.”
As far as the allocation of block rewards are concerned while excluding the proposal funding between master nodes and miners, things change from a 50–50 split through a 60–40 split over a multi-year transition period. This change has been proposed and also approved by the network during the July voting cycle. The major purpose being to stabilize Dash’s store of value properties.
The reallocation of rewards is set to incentivize the formation and retention of the master nodes on the Dash network, which in turn will likely slow the growth rate of Dash’s circulating supply.
The reallocation is set to take place over the next 4½ years with incremental adjustments to provide for the split of non-treasury funds. The proposed changes are planned to occur for every three superblock cycles, which is approximately once per quarter. Following the BIP-9 activation for v0.16, the initial change to the reallocation is set to happen in the next superblock.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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