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Ethereum Community Calls Out Programmatic Proof of Work Concept

Richard M Adrian by Richard M Adrian - 07:05 AM Feb 27, 2020
Ethereum Community Calls Out Programmatic Proof of Work Concept

The programmatic Proof of Work (ProgPoW) concept blew into controversy following a proposal to the Ethereum Community. Ethereum developers suggested the proposal two years ago as a replacement for the present hashing algorithm, ETHash. The mooted proposal has now re-emerged as a plan for mid-2020 amid a call for core developers announcement on February 21.

Github Petition 

A group of leading stakeholders filed a Github petition on the 26th of February disapproving the decision. The organizer of ETHBoston, Justin Leroux filed a petition claiming the draft lacked community support.

Stakeholders felt that the global status and diversity of the Ethereum Community needed wider support and a clear purpose.  For instance, Leroux noted that a large part of the community is against the algorithm.

“Because Ethereum is a global platform with a large and diverse group of stakeholders, it is critical that major changes to the protocol have a clear purpose and broad support. EIP-1057 clearly lacks that support, yet activation is still being considered."

Uniswap, DARMA Capital sign up

At least 70 people have signed the petition. Including Uniswap CEO Hayden Adams and DARMA Capital co-founder Andrew Keys and Truffle Suite, Tim Coulter.

“Changing the Eth1 hashing algorithm at this point in Ethereum’s evolution sows community division and introduces technical risk at a time when efforts and attention should be focused elsewhere.”
The programmatic proof of work concept is meant to smoothen the transition of the ethereum network to a Proof of Stake algorithm. Note that the algorithm will eliminate the gap between Graphics Processing Units (GPU) and Ethereum ASIC miners. As a result, protect the network from the monopoly of ASIC hardware manufacturers.

However, supporters of the new algorithm feel the change could easily prevent miner-led forks ahead of the Proof of Stake. Interestingly, opponents are arguing the exact opposite of the petition.

Ethereum is planning to transition from its proof of work consensus and uphold the proof of stake algorithm. This will go head-on head with the launch of the initial phase of ETH 2.0 in mid-2020.

About The Author
Richard M Adrian

Richard M AdrianBlockchain Analyst with a demonstrated history of working in the writing and editing industry. Skilled in WordPress, Editing, SEO Copywriting, Copy Editing, and Blog Marketing. When I am not writing, analyzing bulls/bears - I will be listening to music, reading a thrilling novella or hiking. Email me at Richardmadrian@gmail.com - And we could talk about anything - business or dragons.

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