Majority of ETH Miners at Ethereum Core Developer Meeting Agree on ProgPow (Programmatic Proof-of-Work)

On March 1st, There was a core meeting held that discussed the need for a new hard fork. One of the major topics of discussion in the meeting was ProgPow or Programmatic Proof-of-Work.

Back in January, Ethereum developers expressed their support for the ASIC resistance upgrade for the Ethereum network called ProgPow. This implementation would make the Ethereum network ASIC resistant. ProgPoW means Programmatic Proof of Work and it will be altering the structure related to the math problems that miners try to solve to confirm transactions. This would allow GPU miners to have larger possibilities to compete against ASIC miners.

Although the developers are worried about the high levels of centralization experienced by the Bitcoin (BTC) network. Indeed, Bitcoin mining activities are concentrated among a few large mining companies located in China. Ethereum wants to avoid the same problems that the Bitcoin network is currently facing.

ProgPoW patch continues to move forward as planned. As demonstrated by the recent Ethereum (ETH) ‘hard fork delay, it is safe to say that development schedules are subject to change at any time. The Ethereum Core Developers February meeting explored concerns over test coverage and specification readability. Some of the Ethereum developers felt it was time to make a decision regarding implementation.

Hudson Jameson, who was heading the meeting said:

“We can see if it's even going to be worth it to implement or if someone is going to make another ASIC in three months and all our work will be for nothing since the work isn’t entirely done yet. And, so I feel like this would be a more major factor, whether or not to go forward with ProgPow.”

Ethereum ProgPow voting results for the past 24 hours | Source: Etherchain

Data from EtherChain shows that 57.8% of miners voted to move forward with the implementation. It makes sense because these miners are already established will benefit from the centralization of the blockchain.

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