Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole
Ethereum's ProgPoW proposal may appear to minimize the ASIC advantage, but it isn't as democratizing as claimed, argue Dovey Wan and Martina Long.
Funding has been raised to conduct a technical audit over "ProgPoW" – a hotly-debated proposal to change ethereum's mining algorithm.
The Bitmain co-founder says ASIC miners are making blockchains more decentralized and ethereum's ProgPow proposal could still be "ASICable."
In a call Friday, ethereum developers picked a block height for the testnet launch of the Istanbul system-wide upgrade. It's expected for Oct. 2.
Ethereum core developers reaffirmed during a meeting today that mining algorithm change "ProgPoW" would be added to a coming hard fork.
The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network. Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated. […]