The Ethereum community has been debating a proposal called ProgPoW as many ETH proponents believe the Programmatic Proof-of-Work function will alter the network significantly. The contentious topic has seemed to galvanize the community, with the ProgPoW proposal favored by a significant proportion while being detested by others. A few Ethereum participants were shocked on February 21 when the Ethereum Improvement Proposal (EIP) 1057 (ProgPoW specification) was submitted at a developers meeting.
The Controversial Programmatic Proof-of-Work Proposal
While the Steemit and Tron communities argue and bitcoiners from various big blocker and small blocker communities squabble, Ethereum participants have been debating as well. There’s been various headlines and threads on forums and social media about “ProgPoW,” a proposal that stands for Programmatic Proof-of-Work. Basically ProgPoW is an extension of the current Ethereum algorithm Ethash but it allows graphic card components to join the mining race.
With ASICs possibly on the way out, there could be a significant network hashrate drop in the near future.
It gets interesting for miners an hour in👇https://t.co/IeQvPiN1S2
— f2pool (@f2pool_official) March 9, 2020
In a post on the Reddit forum r/ethereum called “ELI5: What Is ProgPoW?” the independent programmer and miner Jonathan Toomim explained what ProgPoW is and how it relates to the Ethereum network. “ProgPoW is a proposal to change the Proof of Work function for Ethereum from the current Ethash algorithm (which can be effectively performed by both ASICs and GPUs, though ASICs are more efficient) to a new algorithm that is more heavily biased towards GPUs,” Toomim said.
ProgPoW has had a long and controversial history…