Devcon 2018: Ethereum Partners Filecoin Foundation to create ASICs in advance of Proof-of-Stake


One of the highlights of the newly concluded Ethereum DEVCON conference was the announcement that Ethereum was working on specialized hardware for its future technology. To achieve this goal, the Ethereum Foundation, which is responsible for the development of the blockchain ethereum and its ecosystem, is collaborating with the Filecoin blockchain data storage network.

The Ethereum Foundation. On Thursday at the conference, Justin Drake, a Foundation researcher revealed plans for the development of application-specific integrated circuits (ASICs) that will support the planned "chain of beacon" of ethereum.

Design of Ethereum ASIC

During his presentation, he presented the preliminary design for the new hardware. Unlike other ASICs that are known to be optimized for greater profitability, the ethereum ASICs will be designed to play a special role as the ethereum moves from the current Proof of Work (PoW) consensus algorithm to a Proof of Stake (PoS) system.

The chain of beacons that is basically the main chain of Proof Of Stake and the base layer of the Sharding solution will use specialized hardware. It will play a role in the "Verifiable Delay Function" that will keep the system as decentralized as possible by preventing an individual or organization from combining enough energy to control system operations.

In demonstrating the gaming system for Ethereum v2, the role of miners will be replaced by block validators and anyone will be able to join the validators through a 32-hour deposit (mail). The ASIC shuffles these validators making it impossible for a group to get together to overcome the system.

Drake explained that the project that will involve research, development and construction of about 5,000 units of these specialized devices will cost between $ 20 and $ 30 million. He said that this cost will be divided equally between the Foundation and Filecoin. He has invited other blockchain projects that will be interested in funding the "open-source" project.

He noted:

"Open source ASICs have never been done before, so it's all very exciting for me."

As reported by Smartereum, the developers have decided to solve the problem of scalability that has tormented the network once and for all through a new protocol known as serenity. Speaking at the Devcon conference, the co-creator of ethereum Vitalik Buterin explained the need for a new protocol. He said:

"Serenity was born as a result of the different strands of research we've worked on over the past four years, which includes what we've worked with Casper on."

Further explaining the new protocol, Vitalik declared:

"Serenity is more or less a new blockchain because it is a data structure that has no connection to the Proof-of-Work chain.The PoS chain will record the blocking hashes of the PoW chain, so users will be able to pass from PoW to PoS. "

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