DASH’s InstantSend feature now fully supported

DASH deposits to SouthXchange that are sent with the InstantSend feature enabled are now credited with zero confirmations.

We are excited to announce that we now fully support the InstantSend feature of DASH, formerly known as InstantX. Deposits to SouthXchange that have this feature enabled are credited as soon as we see them, which usually takes a few seconds (and up to one minute in some cases). What’s more exciting is that, since a few weeks ago, InstantSend feature is enabled by default in most transactions without user intervention. In other words, nearly all DASH deposits to SouthXchange are credited almost instantly!

InstantSend is a feature of the Dash protocol that uses transaction locking and masternode consensus to enable instantaneous transactions. With transaction locking, a client relays an intention to lock funds from a specific input to a specific output to the entire network by sending a transaction along with a locking message. Once the locking message has propagated across the Dash network and reached everyone, a set of deterministically selected masternodes will form a consensus. Once consensus is successfully achieved, a confirmation message will be propagated across the network, and at this point, all clients will respect the lock on the funds. If consensus is not achieved, then the transaction will require standard confirmations to assure that it is valid.

Kudos to the DASH team for this wonderful feature!