Least Authority Will Be Performing The Technical ProgPoW Audit For Ethereum


Least Authority Will Be Conducting The Technical ProgPow Audit For Ethereum

In a recent blog post uploaded by the core developer of the Ethereum Foundation, Hudson Jameson, he provides information about the Programmatic Proof-of-Work (ProgPow). The report explains that Ethereum Cat Herders are responsible for two tasks related to the implementation of ProgPow.

ProgPow Audit To Be Conducted By Least Authority

Ethereum Cat Herders decided that the new audit will be conducted by the security consultancy firm, Least Authority. The company has already performed an audit on Ethereum in the past. Indeed, it performed a very elaborated audit on the Ethereum network related to gas economics and PoW puzzle.

The blog post reads as follows:

“Please note that the timeline contained in this version of the audit proposal is inaccurate. The timeline for the audit is currently unknown until the audit is funded and technical details of the audit are finalized with the auditor.”

Cat Herders is also seeking funding for the ProgPow audit from different sources such as miners, interested users, and organizations that are currently working in the Ethereum ecosystem. Moreover, the team has created a Gitcoin account that aims at funding ProgPow development. The monthly goal is to reach 50,000 DAI.

The audit is very important because it will be providing context and data to the ProgPow discussion.

It is worth mentioning that the ProgPow implementation generated doubts in the Ethereum community. The decision to implement ProgPow was made by developers but there is no timeline when this implementation will finally be activated. Hudson explained that if there are some issues with ProgPow, they might not implement it at all.

ProgPoW will allow Ethereum ASIC resistant. That means that miners such as the E3 will no longer be able to mine Ethereum with an advantage over GPU miners. ASIC miners for Ethereum were recently released to the market and Ethereum wants to fight against them.

In the future, the network wants to move from PoW to a Proof-of-Stake (PoS) consensus algorithm.

https://bitcoinexchangeguide.com/bitcoin-bch-ethereum-and-xrp-price-prediction-todays-top-crypto-technical-analysis/

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide