Did you hear about the following Dash 12.4 update? Are you looking for all the PrivateSend features you might profit from that moment on? Let me provide you all the information about it so you can stay up to date with all the changes.
Speed and Reliability
Dash’s core lead developer’s statement speaks for itself – improving both speed and reliability when protecting user’s privacy. Actually, the PrivateSend splits into a Manager and Session in order to allow the run of several mixing processes at once. In a word – Masternodes are mixing funds of different users to hide a transaction’s origin.
Mixing process
The four mixing sessions will speed up the process and also make it hard to analyze it, because of the higher accuracy and variation of the selected algorithm. The doubled mixing rounds from minimum of 2 to 4 and maximum of 8 to 16. In the team’s opinion, this will keep privacy on a solid level. Anyway, developers worked also on the requirements when speaking of high anonymity level. So, if a user doesn’t want to reveal their transactions history, they won’t need to do it anymore. Of course, there’s always an alternative to use a cryptographic tool if you ever need your wallet’s previous data.
Fee denomination
Another important part of the upcoming upgrade are the additional denominations, which are going to reduce the fees for PrivateSend transactions. The rarely used ones are going to be dismissed such as the 10 Dash one. Instead, we’re going to welcome a new utility of 0.001 Dash denomination, which is going to decrease the fees for anonymous transactions.
Deterministic Masternode list
One of the key improvements to check is the implementation of a deterministic Masternodes list, which will allow obtaining of the information, without really accessing the blockchain. This will happen by splitting Masternodes in three parts. This means that even users who do not possess the entire blockchain as a full node, are able to use the PrivateSend mixing feature. The trustless manner used in the creation of this list will make possible the usage of the feature even on mobile phones.
Future exploration
Since cryptographic privacy solutions are considered as an experimental technology, Dash’s team prefer to avoid encryption, respectively potential issues. At this point, Dash is perfectly balancing privacy and broadcasting experience, furthermore reincarnating both reliability and stability to its network.
