$ 8,781.0
$ 188.05
$ 60.98
$ 64.56

Aragon Opposes Change to Ethereum’s Mining Algorithm Earlier than Model

The Aragon neighborhood has formally proclaimed itself in opposition to ProgPOW. ProgPOW is a proposed protocol change to the Ehereum community that may shut the effectivity hole obtainable to application-specific built-in circuits. 

In a tweet on Nov. 2, the official account of the Aragon challenge posted voting outcomes, displaying {that a} proposal to dam adjustments to Ethereum’s mining algorithm had handed.

ProgPOW would change the Ethereum community’s proof-of-work mining algorithm earlier than the eventual change to a proof-of-stake mannequin as a part of the Ethereum roll-out. Aragon, which is an open-source software program challenge for creating and managing decentralized autonomous organizations (DAOs), makes use of Ethereum good contracts.

In October, Aragon announced its newest Aragon Community vote, the place Aragon (ANT) token holders had been capable of solid their votes on quite a lot of proposals, together with adjustments to Ethereum’s mining algorithm. The proposal states:

“ANT holders who vote ‘sure’ on this proposal oppose Ethereum altering its proof-of-work mining algorithm earlier than the change to proof-of-stake as a part of the Ethereum roll-out, except such change is meant as an ‘emergency repair’ to a deadly flaw within the present mining algorithm. A ‘deadly flaw’ is outlined right here as a flaw that breaks the anticipated performance of Ethereum.”

The vote handed with virtually 860,000 tokens voting sure on the proposal to oppose, whereas 390,000 voted no. 

In a tweet on Nov. 3,  Aragon One CTO Jorge Izquierdo said that the Aragon staff will respect the neighborhood’s resolution and take it severely. 

Ethereum’s Istanbul laborious fork anticipated to interrupt 680 good contracts on Aragon

In the beginning of October, Izquierdo said that the Ethereum community’s Istanbul improve will break roughly 680 good contracts on the Aragon platform. Izquierdo added that DAOs on Aragon will not be capable to obtain Ether (ETH) from each other, stating, “The problem we’re going to have hasn’t been deemed necessary sufficient for this difficult fork to not occur, which from our viewpoint is unlucky [but] it’s a tough steadiness we perceive.”


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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin8,781.0 0.22 % 0.19 % 5.58 %
Ethereum188.05 0.32 % 0.84 % 0.59 %
XRP0.2730 0.22 % 0.37 % 8.92 %
Bitcoin Cash284.98 0.37 % 1.29 % 2.49 %
Tether0.9990 0.07 % 0.06 % 0.04 %
Litecoin60.98 0.22 % 0.60 % 3.22 %
EOS3.450 0.15 % 0.72 % 4.36 %
Binance Coin20.60 0.21 % 1.14 % 4.80 %
Bitcoin SV128.39 0.48 % 3.10 % 6.92 %
Stellar0.07647 0.02 % 0.38 % 7.13 %

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