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Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit


Ethereum core developers have decided to delay their decision regarding the implementation of ASIC-resistant protocol, ProgPoW.

Ethereum (ETH) core developers have delayed the decision to implement Application-Specific Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW. According to an Ethereum core developer meeting on Feb. 1, the team wants to wait until the algorithm is audited by a third party.

Ethereum core developer Hudson Jameson declared during the call that “there is a group forming or multiple groups forming to perform an independent audit on ProgPoW.” He explained that the audit is an attempt to establish how effective the algorithm would be in leveling the playing field for different kinds of hardware used to mine crypto, including GPUs, Field-Programmable Gate Arrays and ASICs.

Jameson also noted that data derived from such an audit should give devs enough confidence…



Read Full Story : Cointelegraph.com News

2019-02-02 17:06:00

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