New reversal: Ethereum developers have previously agreed to block ASIC miners

The leading developers of Ethereum tentatively agreed on a new update of the code base of the platform, the implementation of which will block access to the network by ASIC miners. CoinDesk writes about this with reference to the results of the next online meeting of key figures in the Ethereum ecosystem.

During the meeting, a proposal was made under the name ProgPoW – if it is accepted, the extraction of ETH will continue to be carried out exclusively on more traditional equipment like video cards, limiting the influence of ASIC miners.

Ethereum Chief Security Officer Martin Holst Svend noted that he is in favor of updating the code, as this will ultimately help with the transition to the Proof-of-Stake algorithm.

“Today we know that Ethhash has vulnerabilities and they are already exploited. That is why I would like to update the code as soon as possible – thanks to this we could get additional time to go to the Proof-of-Stake, ” said Svend.

The head of public relations Ethereum Foundation Hudson Jameson, in turn, said that the consensus on this issue is really close:

"It seems that we have reached a preliminary agreement on the issue of the implementation of ProgPoW, unless the testing process reveals serious shortcomings or other barriers of a similar nature arise."

This offer, if nothing unexpected happens, should not be included in the upcoming Ethereum upgrade called Constantinople. Work on it, according to the developers, will take several months.

Constantinople, in turn, must be activated on block 7,080,000 .

According to Afri Shoedon, Parity release manager Parity, this will happen “10 minutes after 12:00 UTC on Wednesday, January 16th.

Recall, the other day about the support of the upcoming hard forks announced the two leading stock exchanges Binance and OKEx .

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