Major developers of Ethereum have quite unexpectedly announced that the Long-Term Reviewed Software Evidence (ProgPoW) will be implemented as part of a difficult fork ahead of the planned update to Berlin. This once again divided the society into different camps of thought.
Two years after its offer, criticized by many Ethereum developers, ProgPoW arrives on Ethereum. Key developers agreed to adopt EIP 1962 (Ethereum Improvement Proposal) last Friday, which will bring additional cryptographic features, likely in June 2020, with ProgPoW Solid Fork followed by three weeks later in July 2020. Mining new algorithm.
Recall that there is a constant fear of cryptocurrency re-centralization, which some believe may be an extension of ASIC (application-specific integrated circuit) chips that can increase cryptocurrencies more effectively than GPUs (graphics processing units) and processors (central processing). Units), but which are also so expensive that just about everyone The big companies are able to manage them. According to the Ethereum team’s decision, they agreed to resist ASIC mining hardware after testing the proposed code, effectively blocking the use of ASIC chips in an upgraded version called ProgPoW and replacing it with GPU hardware so that GPU mining remains competitive.
Meanwhile, EIP 1057 related to ProgPow states that the aim is to “counteract the centralization of PoW [proof of work] so that these coins cannot be so easily manipulated by several players.” The proposal adds that the algorithm is not backward from the existing Etash, that it requires a fork for adoption, and that the network hash will be halved “because it has twice as much memory.
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On the other hand, there are many developers and ETH supporters who fear that this could lead to an exchange of two versions of Ethereum, with an old and new mining algorithm, which means that the two blockchain chains are split by different mining rules. Other reasons against it include the idea that major developers have too much power, as well as not wanting to “catch the mark from a chain that is difficult to lock against the wishes of the majority of its users,” as Martin Gopel, founder and creator of OpenEthereum, says Martin Kopelman. .