Aragon Community Members Voice Concerns About Ethereum 2.0 Mining Protocol Changes

Members of Aragon and ANT token holders are not fond of the ETH 2.0 mining protocol changes involving the ProgPOW and the proof of work to proof of stake transition.

Aragon, a decentralized app based on the ethereum network has opposed any changes to the Ethereum's mining protocol before the launch of 2.0 version. In October the Aragon network introduced community voting service where the Aragon token (ANT) holders can vote on important decisions in regards with the network and it also included the proposed changes to the mining protocol on Ethereum.

The proposal stated,

“ANT holders who vote ‘yes’ on this proposal oppose Ethereum changing its proof-of-work mining algorithm before the switch to proof-of-stake as part of the Ethereum 2.0 roll-out, unless such change is intended as an ‘emergency fix’ to a fatal flaw in the current mining algorithm. A ‘fatal flaw’ is defined here as a flaw that breaks the expected functionality of Ethereum.”

Aragon conducted a community poll on whether the newly announced mining protocol ProgPoW should be introduced before the official launch.

The resulting tweet read,

ProgPoW is the newly proposed protocol change that would close the efficiency gap in application-specific integrated circuits. The proposed protocol would change the current Proof-of-Work based mining algorithm to Proof-of-Stake before the official launch of 2.0.

Aragon is a decentralized application used for creating and managing decentralized autonomous organizations (DAOs) works with smart contracts. Aragon is worried that once the Istanbul hard-fork commence almost 680 of its smart contract will be nullified due to a change of protocols.

Aragon CTO Jorge Izquierdo called it unfortunate that their concerns are not considered significant enough to stall the hard-fork.

He said,

“The issue we’re going to have hasn’t been deemed important enough for this hard fork not to happen, which from our point of view is unfortunate [but] it’s a hard balance we understand.”

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Ogwu Emma
Ogwu Emma
Ogwu Osaemezu Emmanuel is a blockchain analyst with several years of experience in the cryptospace. He writes regularly for several leading cryptocurrency platforms

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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