Funding Secured for Ethereum ProgPoW Audit, Results Due This Summer6

As Ethereum’s shift to Proof-of-Stake (PoS) security is still in the works, its blockchain relies on the Ethash Proof-of-Work (PoW) mining algorithm. But, per the Ethereum Core developer call on April 26th, funding has now been secured to audit the ProgPoW code — an algorithm that is expressly resistant to extremely efficient ASIC miners.

If that audit comes back clean, ProgPOW is set to be enacted to secure the ETH 1.0 chain in the interim as the ETH 2.0 “Serenity” upgrade — which will activate a scaling triumvirate of sharding, Casper, and Plasma — remains in progress.

Original source

Add comment

Please Sign in to be able to leave comments.