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Aragon Community Votes Against Ethereum's New Mining Algorithm

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.” Read More...

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