26. March 2019ETH$133,36 -1.93%part Facebook Twitter LinkedIn xing mail
ProgPoW is a done deal. In the last Meeting of the Ethereum core developer with a broad support for the Progressive Proof-of-Work algorithm to replace the current Mining algorithm (Ethash). The reason is the fear of an increasing centralization in the Ether Mining. Because Ethash is not ASIC-resistant; that is to say, the algorithm is vulnerable to network dominance by a few, large Mining Pools. So the argument of the proponents of ProgPoW.
Now, the implementation of a new Mining algorithm is not child's play. Because for ProgPoW a Hard Fork will be done. Finally, the fears of a split in the Community wakes up, similar as in the case of Ethereum Classic. So, it was decided on 1. To hire in February while the Core Developer Meeting 54, the Ethereum Cat herder, with the Monitoring of the undertaking.
The mandate placed on two aspects of particular attention:a picture of the mood over the attitude of the ETH Community about ProgPoW to producing technical Audit to measure and organize the mood of the image
The approval in the Ether community is, however, not so easy. Who is entitled to vote? How weighted the votes of the various stakeholders (users, miners, developers, etc.)?
The shepherds decided for a mixed approach: The different Stakeholder groups of voices, in short, simply separately. How Ethereum Core Developer Hudson James in a Blog Post summarizes a catch the Cat herder, a mood, that could be positive.
So the Coin could give owners of their attitude to the new Mining algorithm by choice of expression. The result, however, contradicts itself:
Among the miners ProgPoW achieved a result, of the self, the SED could only dream of:
to identify The Cat herder, Hudson says, a number of critical points, where an independent Audit Team to investigate.ensures ProgPoW the security of the network?ProgPoW is ASIC-resistant?Advantages and disadvantages compared to Ethash in terms of network implementations, and decentralization of the mining
The Audit, the security experts of Least Authority should carry out by the way.
Bitcoin & Altcoins to buy: , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: buy Bitcoin | Ether buy | Ripple to buy | IOTA buy | Broker-comparison