Ethereum Project Core Developers Again Propose ASIC Resistant PoW Algorithm ProgPoW.

Ethereum Project Core Developers Again Propose ASIC Resistant PoW Algorithm ProgPoW.

2019-03-18 | Mike Hallen

Ethereum Project Core Developers Again Propose ASIC Resistant PoW Algorithm ProgPoW.

Core developers of the Ethereum [ETH] project have again discussed the proposed ASIC [Application Specific Integrated Circuit]-resistant PoW algorithm ProgPoW within their 'weekly meeting', held earlier on 15th March. This week, the devs once again reached an overall consensus that the algorithm should be implemented, whereas the timeline for its implementation yet remains unclear.

While discussing the algorithm, the developers argued over how effective ProgPoW can prove be at decreasing the potency advantage of ASICs. Ethereum [ETH] core developer named ‘Greg Colvin’ added that the team has mentioned such doubts several times within the past also. He conjointly outlined that the decision has already been made previously:

“We’re going back to stuff we were tired of talking over months ago! We determined that the sole issue is whether or not there have been errors within the algorithm, any backdoors in the algorithm, something like that.[...] Not arguments between the GPU individuals along with the ASIC individuals. Which will unroll over time.”

After first reaching a 'consensus' for the implementation of the algorithm, earlier in Jan., Ethereum [ETH] developers changed their mind and delayed the decision till the algorithm is audited by a 3rd party within the beginning of Feb. 

Just about a month ago, Ethereum [ETH] holders nearly unanimously 'supported' the ProgPoW algorithm implementation.

As 'reported' earlier in Jan., an Ethereum [ETH] code 'contributor' had recommended that Ethereum developers “embrace” ASICs in a post on Ethereum developer forum Ethereum Magicians.

Moreover an another 'analysis' shows that the potential implementation ProgPoW has stimulated numerous theories and rumours within the community. As an example, the team allegedly engaged on ProgPoW represents the interests of the leading manufacturers of GPU’s 一 Nvidia and AMD.

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