RATE Group | Ethereum Community Debates Consensus Algorithm Targeting ASIC Miners
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Ethereum Community Debates Consensus Algorithm Targeting ASIC Miners

28 Aug Ethereum Community Debates Consensus Algorithm Targeting ASIC Miners

Posted at 00:15h in Ethereum News by

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In the face of the coming difficulty bomb and reduction of block rewards, some in the community are pushing for ASIC-resistant consensus algorithm ProgPOW to maintain decentralization.

ETHNews recently reported on the resurgence of concerns surrounding ASIC mining rigs ahead of last Friday’s core devs call. In that coverage, we voiced some skepticism about the potential for the inclusion of an ASIC-resistant protocol so soon before the implementation of Constantinople. While the developers in the most recent call dismissed the possibility of ASIC-resistant measures in the October hard fork, it appears that they are taking the concern seriously. There is now discussion about the inclusion of a “programmatic proof of work” in Istanbul, the hard fork set to follow Constantinople. The algorithm, dubbed “ProgPOW,” has been in development for at least the last year and is described in-depth on GitHub:

“ProgPOW is a proof-of-work algorithm designed to close the efficiency gap available to…

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