The Decentralized Autonomous Organization (DAO) behind the Dash (DASH) cryptocurrency has agreed upon the Evolution (Evo) upgrade. Talking exclusively to Finbold, Joel Valenzuela explained the “chaotic mainnet” approach, calling it the “most significant release” for Dash.
Dash masternodes have voted favorably on the approval of a proposal called “Evo Accelerated Launch Release Schedule.” On June 23, Samuel Westrich, Dash Core Group CTO, announced the approval with 68% votes in favor, excluding abstains. The community has called it the “Genesis phase” of the Evolution release.
Therefore, the Dash Evolution platform will be released on July 29 in a “chaotic mainnet” with continued development activity. Joel Valenzuela, Business Development and Marketing for Dashpay, compared this release to THORChain’s (RUNE) “chaosnet” launch.
Proposal: “Evo-Accelerated-Release-Schedul” (Active). Source: Dash Central
Essentially, the controversy lies solely on whether Evolution should launch in this “chaotic” environment, not fully finished, or wait for a more polished version. The “yes” side believes it is important to accelerate the release in response to community demands and “work on iterative changes later,” as Valenzuela explained.
Moreover, EvoNodes will still not be able to spend their earnings early on, which is another reason for the controversy.
Joel Valenzuela declared being in favor of the accelerated release because he deems it important to show a “real release after all these years.” The Evolution platform has been under development since 2015 and is eagerly awaited by the Dash community.
DASH price analysis
As of this writing, DASH trades at $23.79, down 24.72% year-to-date. Dash is one of the first cryptocurrencies created to solve Bitcoin’s (BTC) scalability, currently with a $280 million market cap.
In closing, Evo will have its launch on July 29, when Dash nodes should upgrade accordingly. This platform will allow novel data storage and transaction functionalities, which could boost demand for the network and the native coin, DASH. Despite the controversy over the accelerated release, the community is mostly in favor and excited about the Dash Evolution platform.
