Majority in favor of implementation of ASIC-resistant ProgPoW algorithm, poll reveals
ProgPow is a change to the proof-of-work mining algorithm that is considered to be more ASIC resistant and has been a topic of constant debate within the Ethereum community. But now it seems as though the verdict is out and the majority seems to be in favor of the implementation of ProgPow in the Ethereum Proof-of-Work (PoW) algorithm. The poll which was updated on 15 February shows those in favor of the implementation to be leading the way.
ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm.
There has been a certain degree of skepticism regarding the implementation of ProgPow, as many believe that it will deal a death blow to the efficiency advantages of mining using ASICs over traditional and more generic graphics processing units (GPUs). The developers don’t share this point of view and say that the implementation of ProgPoW will only decrease the advantage and in no way is going to eliminate it.
The result of the poll is overwhelmingly in favor of those who want the implementation of the algorithm to go ahead. At the time of print, nearly 76 percent are in favor of the implementation, while 23 percent of the respondents have voted against it. The vote is in no way the final say and it is just an indicator to help the community to look in a certain way.
The voting portal says that the decision is going to impact the Ether token holders and they are going to be affected the most by the decision.
It further adds:
“We have decided to give them a chance to make their voices heard on whether or not they think changing the proof of work to ProgPoW is a good idea.”
As it stands the result is not binding in any sense and no date has been given for the voting to end.
Earlier in the month of January, controversy broke out when Shenzhen-based mining manufacturer Linzhi came out with a response against the arbitrary decision taken by Ethereum developers to block ASICs from securing the platform in exchange for rewards.
Image via Shutterstock
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