Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Updating the Ethereum blockchain code against using ASIC miners postponed

    Updating the Ethereum blockchain code against using ASIC miners postponed

    0
    By BlockchainJournal on February 3, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ethereum cryptocurrency developers decided not to include code in the current protocol update, which could reduce the advantage of ETH miners using specialized ASIC equipment, CoinDesk writes.

    During a conference call on Friday, February 1, the developers agreed to postpone the update of ProgPow for further audits. These audits are designed to confirm that the integration of the algorithm will lead to a decrease in the effectiveness of ASIC mining , which in turn will make GPU miners more competitive. The consequence of this change, in theory, should be the presence in the network of a larger number of miners and less centralized hash powers.

    Several discussion participants were not ready to support the decision at the current stage. The Ethereum Foundation’s external relations chief, Hudson Jameson, noted that outside audits are likely to provide answers to many questions that remain in the community about the update.

    "It will be much easier if we can come to the conclusion that it will work, and this is why," he said.

    If we do not find a problem, we can make a decision with sufficient confidence. ”

    Danno Ferrin, the developer, supported this view, noting that audits would allow collecting data on how the update might affect Ethereum in the future. They are expected to be completed in March or early April.

    In a separate order, the developers agreed to get an opinion on the problem of the wider Ethereum community. In addition, they intend to offer miners to signal in support of the change, but at the same time they acknowledge that a possible refusal to take part in voting will in fact not mean anything.

    Publication date 03/02/2019
    Share this material on social networks and leave your opinion in the comments below.


    asic blockchain ETH ethereum Featured Network Offer Work
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    ARK Invest Unloads Coinbase and GBTC Shares by Millions Amid Market Boom

    December 6, 20232 Mins Read

    GBTC Discount Shrinks as Bitcoin Price Surges

    December 6, 20232 Mins Read

    IBM Introduces OSO, Designed for Cold Storage of Digital Assets

    December 6, 20232 Mins Read

    Marathon Digital Produced 1,187 Bitcoins in November and Held 14,025 Unrestricted BTC

    December 5, 20232 Mins Read

    Volume Counterfeiting Allegations Rock RATS Token on Gate Exchange

    December 5, 20232 Mins Read

    A New Era for Cryptocurrency: Zodia Custody’s Integration with Harmonize

    December 4, 20232 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.