Aragon Opposes Change to Ethereum's Mining Algorithm Before 2.0 Version

Published at: Nov. 4, 2019

The Aragon community has officially proclaimed itself against ProgPOW. ProgPOW is a proposed protocol change to the Ehereum network that would close the efficiency gap available to application-specific integrated circuits. 

In a tweet on Nov. 2, the official account of the Aragon project posted voting results, showing that a proposal to block changes to Ethereum’s mining algorithm had passed.

ProgPOW would change the Ethereum network’s proof-of-work mining algorithm before the eventual switch to a proof-of-stake model as part of the Ethereum 2.0 roll-out. Aragon, which is an open-source software project for creating and managing decentralized autonomous organizations (DAOs), uses Ethereum smart contracts.

In October, Aragon announced its latest Aragon Network vote, where Aragon (ANT) token holders were able to cast their votes on a variety of proposals, including changes to Ethereum's mining algorithm. The proposal states:

“ANT holders who vote ‘yes’ on this proposal oppose Ethereum changing its proof-of-work mining algorithm before the switch to proof-of-stake as part of the Ethereum 2.0 roll-out, unless such change is intended as an ‘emergency fix’ to a fatal flaw in the current mining algorithm. A ‘fatal flaw’ is defined here as a flaw that breaks the expected functionality of Ethereum.”

The vote passed with almost 860,000 tokens voting yes on the proposal to oppose, while 390,000 voted no. 

In a tweet on Nov. 3,  Aragon One CTO Jorge Izquierdo said that the Aragon team will respect the community’s decision and take it seriously. 

Ethereum’s Istanbul hard fork expected to break 680 smart contracts on Aragon

At the beginning of October, Izquierdo said that the Ethereum network’s Istanbul upgrade will break roughly 680 smart contracts on the Aragon platform. Izquierdo added that DAOs on Aragon will no longer be able to receive Ether (ETH) from one another, stating, “The issue we’re going to have hasn’t been deemed important enough for this hard fork not to happen, which from our point of view is unfortunate [but] it’s a hard balance we understand.”

Tags
Related Posts
Ethereum Istanbul Hard Fork Release Date Confirmed By Core Developer
Team lead at the Ethereum (ETH) Foundation Péter Szilágyi has confirmed Dec. 4 as the expected date for the network’s forthcoming Istanbul hard fork. In two tweets posted on Nov. 7, Szilágyi indicated that Istanbul will commence at block 9069000. He provided Geth mainnet node operators with a link to a new maintenance release designed to begin the hard fork’s initialization. Geth is the name given to one of the two most popular clients used to operate nodes on the Ethereum network — the other being Parity, which will update upon the activation of Istanbul but is now in the …
Blockchain / Nov. 8, 2019
Ethereum Merge and the hefty tax bill you could be in for
Ethereum (ETH) hodlers that don’t play their cards right following the Ethereum Merge may be in for a hefty bill come tax time, according to tax experts. Around Sept.15, the Ethereum blockchain is set to transition from its current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), aimed at improving the network’s impact on the environment. There is a chance that The Merge will result in a contentious hard fork, which will cause ETH holders to receive duplicate units of hard-forked Ethereum tokens, similar to what happened when the Ethereum and Ethereum Classic hard fork occurred in 2016. Tax compliance firm …
Blockchain / Sept. 1, 2022
Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs
The Ethereum Merge has officially taken place, marking the full transition of the network to proof-of-stake (PoS). On Sept. 15 at 06:44 UTC, the long-awaited Merge saw the merging of the Ethereum Mainnet execution layer and the Beacon Chain’s consensus layer at the Terminal Total Difficulty of 58750000000000000000000, meaning the network will no longer rely on a proof-of-work consensus mechanism. The Ethereum Foundation said the Merge will make the Ethereum network about 99.95% more energy efficient and will set the stage for future scaling solutions, including sharding. Speaking to Cointelegraph, StarkWare President and co-founder Eli Ben-Sasson that “the immediate importance …
Blockchain / Sept. 15, 2022
F2Pool, Poolin to start Ethereum PoW mining after ETHW mainnet launch
Despite Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining pools are increasingly signing up for mining on the upcoming proof-of-work (PoW) version of Ethereum. EthereumPoW, the community advocating for ETHPoW, or the PoW Ethereum version, has released a list of mining pools that are going to continue mining after the ETHW mainnet launch. According to EthereumPoW, some major Ethereum mining pools are going to continue mining despite Ethereum’s switch to the eco-friendly PoS consensus mechanism. At the time of writing, the list of ETHW mining pools composes a total of 19 various mining pools, including F2Pool, Poolin, AntPool, …
Blockchain / Sept. 15, 2022
What is PoW Ethereum (ETHW), and how does it work?
Ethereum blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism on Sept. 15, 2022. Along with this move, ETHPoW, a distinct PoW blockchain (basically the old pre-Merge Ethereum) forked from Ethereum's Merge, became live. This forked version of Ethereum aims to maintain the proof-of-work mining process for ETH miners. Any miner is permitted to add a block to the PoW network with the clear stipulation that the first valid block published is the correct one. In reality, more than one legitimate block is occasionally discovered by the network due to the latency of data propagation, creating numerous …
Blockchain / Oct. 4, 2022