Ethereum Devs Yet Again Endorse ASIC-Resistant Algorithm ProgPoW March 18, 2019 March 18, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Ethereum NewsMarch 18, 2019 by Kelly Cromley

Ethereum Devs Yet Again Endorse ASIC-Resistant Algorithm ProgPoW

In a weekly meeting held on March 15, Ethereum (ETH) core developers yet again debated on the suggested Proof of Work (PoW) algorithm, referred to as ProgPoW, which is ASIC-resistant (Application Specific Integrated Circuit).

During the meeting, the developers once again attained a common ground with regards to the implementation of the algorithm, albeit no time frame for implementation has been announced.

When debating the algorithm, the app developers argued how impactful ProgPoW will be in reducing the capability of ASICs. Ethereum core programmer Greg Colvin divulged that several times recently the team had debated such doubts. He also highlighted that the call was made before:

“We’re going back to stuff we were tired of talking about months ago! We decided that the only issue is whether there were errors in the algorithm, backdoors in the algorithm, anything like that. […] Not arguments between the GPU people and the ASIC people. That will unroll over time.”

Ethereum developers modified their views after first arriving a consensus on implementing the algorithm in early January and postponed the plan until a third party scrutinized the algorithm in early February. Ethereum holders have almost resoundingly endorsed the enactment of the ProgPoW algorithm since about a month ago.

An Ethereum coder proposed that ASICs be “embraced” by Ethereum programmers in a thread on Ethereum dev web forum Ethereum Magicians. ProgPoW’s likely rollout has ignited several community hypotheses and speculations. For example, according to one, the group working on ProgPoW purportedly serves the aspirations of the top GPU manufacturers like Nvidia and AMD.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.