I realized that the development community of the company had tentatively agreed to add code to minimize the mining profitability by mining specialized hardware “ASIC”.
In the block chain that adopted the proof of work (PoW) consensus, the computer approves exchange of currency by making calculation processing ( mining ).
In Bitcoins and Ethernet which adopt PoW, there is concern that minor who holds a large amount of mining exclusive hardware called ASIC will oligopolize network processing capability.
The ASIC tolerance code ” ProgPoW ” which was provisionally agreed in the development community of this time is to keep the difference between the mining ability of ASIC and general-purpose device such as CPU and GPU as small as possible .
Introduction of ProgPoW seems to aim for lowering barriers to entry into mining by allowing CPUs and GPUs used in common computers to perform more efficiently with ASICs.
An increase in nodes entering mining leads to the prevention of processing power (hash power) oligopoly by organizations with large ASICs.
Ethicalam is preparing for the upcoming update ” Constantinople ” on the 16th of this month, and there seems to be a strong view that ProgPoW will be introduced at this stage.
In addition, the company plans to introduce a proof-of-stake (PoS) algorithm without mining.
- ProgPoW GitHub
- Ethereum Developers Give ‘Tentative’ Greenlight to ASIC – Blocking Code
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/ethereum-introduces-progpow/
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