Dash Core Network stopped block production after V19 activation. Following this development, Binance Pool has temporarily suspended DASH mining rewards for the altcoin.
Dash Core Network block production has stopped!
cryptocoin.com As we reported, Dash Core Network encountered a problem during v19 activation. This caused a pause in block production. As a result, no new blocks can be produced at this time. However, the altcoin team continues their research to resolve the issue. The team stated that it will share updates on the situation as more information becomes available. In this context, DASH CTO Samuel Westrich shared the following on his Twitter account:
There was a problem during the v19 activation of Dash Core. Blockchain has stopped and is currently not producing blocks. Everyone is investigating the problem. I’ll keep updating on Twitter as I learn more.
There was a problem during v19 activation of Dash Core. The chain is stalled and currently not producing blocks. We have everyone investigating the issue. I will continue with updates on Twitter as we have more information.
— Samuel Westrich (@SamWestrich) May 22, 2023
Binance suspends DASH mining rewards
Cryptocurrency exchange Binance was also quick to respond. In light of the problems caused by Dash Core’s v19 activation, the Dash (DASH) network has temporarily stopped block generation. As a result, Binance Pool has suspended distribution of DASH mining rewards until the network resumes block production. No other announcements have been made at this time.
Meanwhile, Dash’s native token, DASH, has dropped 0.22% over the past 24 hours. The altcoin is trading at $43.53 at press time. Therefore, the altcoin price was not seriously affected by the pause in question.
What does the update mean for altcoin?
Dash Network announced the update for its clients on April 14. It also included significant changes to how nodes work with wallets. The update requires a hard fork, an irreversible change to the protocol rules that must be adapted by the absolute majority of nodes. Otherwise, the Blockchain will be split into two parallel versions of the transaction history.
According to the Dash Core official website, after v19 activation, a new version of Dash master-node will be introduced with higher collateral requirements and more authority on the Blockchain. Master-nodes host exact copies of the Blockchain. It also supports some complex functions of Dash. They need to submit a collateral for work, receive rewards for supporting the network, and also vote for Dash to support new projects.
The update will bring a number of other changes to nodes, wallets, Dash anonymity features and other aspects of the functioning of the Blockchain, including duplicating some features of the Bitcoin Blockchain. One of the new features will be to resubmit transactions that appear to be “stuck” in the queue for processing an hour later, instead of the current delay of more than 24 hours.
As of now, there are no updates regarding the resumption of block production. The Dash community and its stakeholders look forward to further development to address the current block generation issue.
