ProgPoW is a hashing system touted to replace the ETHash function, which currently mines Ether in a bid to kill off the Application-Specific Integrated Computing (ASIC) miners and turn mining back to Graphic Processing Units (GPUs). This will reduce the gap efficiency between the two mining systems to reduce the dominance and possible centralized control of ASIC hardware miners.

According to the proponents, the change will help avoid any types of miner-led forks in preparation for the upcoming ETH 2.0 launch. The petition reads,

“A stated goal of ProgPoW is to avoid contentious forks while transitioning to proof-of-stake, yet it is at odds with its own aims if activation increases the likelihood of that undesired outcome.”

The idea first launched in 2018 as the community planned for the possible move to PoS consensus algorithm. Despite accelerated plans from the proponents of the idea, the decision to upgrade the system to ProgPoW has faced a petition on GitHub by some sections of the community who believe a consensus must be reached before any changes are made.

The lead opposition on the ProgPoW, ETHBoston Organizer Justin Leroux, said,

“Because Ethereum is a global platform with a large and diverse group of stakeholders, it is critical that major changes to the protocol have a clear purpose and broad support. EIP-1057 clearly lacks that support, yet activation is still being considered.”

A number of top personalities in the ETH community have signed up including Uniswap, Triffle Keys, DARMA Capital leaders.

Coin Market Cap

24 Hour Volume

24 Hour VWAP

24 Hour Change

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

162 +