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Ethereum Developers To Limit ASIC Miners During Hard Fork

22:20 13/03/2019
Ethereum Devs Propose To Limit ASIC Miners During Hard Fork

The developers of the Ethereum ecosystem discussed the next large-scale update of the Istanbul blockchain and decided to activate the EIP1057 code during a conference call, CoinDesk reports.

 

EIP1057 code is also known as Progressive Proof-of-Work (ProgPoW). It is a modified algorithm for crypto mining, which is designed to limit the influence of ASIC miners. The code has repeatedly caused heated discussions within the Ethereum ecosystem.

 

The main developers will support the EIP1057 activation if two independent audits do not reveal any problems. All the main work is done, the audit can be called a control check, Tim Beiko, one of the specialists, stated. However, if problems are discovered, it will be possible to remove the code before carrying out the hard fork.

 

Next time the developers will discuss issues related to the activation of EIP1057 on Istanbul on Friday, March 15. It is assumed that the code will be approved by mid-May 2019.

 

The main question that needs to be answered in the course of the audit is whether the implementation of ProgPoW makes sense, Hudson Jameson, PR specialist at Ethereum Foundation, stresses. Modern ASIC devices are quite flexible, and if they regain control of the network in less than nine months, there will be no point in updating.

 

Many believe that it is actually inappropriate to limit ASIC miners since Ethereum seeks to work within the framework of PoS.

 

As previously reported, the Ethereum's Constantinople hard fork will help Parity restore access to the lost funds worth more than $60 million.

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