Ethereum's call leaves open queries before the October update


A phone call that brought together a broad representation of the ethereum community to discuss critical code changes on which decisions must be taken prior to a software update scheduled for October, failed to produce immediate results on Friday.

weekly developers call, which this week included most of the network miners and some important investors, had the goal of obtaining a consensus on the changes in the underlying economies of ethereum, on the speed of its updates and on the methods mining that supports, in addition to establishing an order in which concerns could be addressed through future updates.

However, despite almost two hours of dialogue, the meeting ended with the resolution that the discussion continues, with a subsequent meeting scheduled for 31 August.

Need addition to the interview is that the so-called "difficulty bomb", a piece of code that, in an attempt to encourage faster updates of the protocol, must be delayed or removed.

the presence of the deadline, set for the beginning of 2019, has complicated the question on the opportunity to implement a modification of the proof-of-work to remove the specialized mining hardware, or ASIC , from the platform, if its awards are distributed fairly and if such changes should be made together.

But since miners, developers and investors are all involved – some could make or lose money, depending on the decision – the conversation could be seen as a first difficult step in making those choices.

President of Decision Hudson Jameson said:

"I honestly do not know how to make a decision, I do not know how we're going from here."

Issue discussion

Apart from the lack of firmness decisions, a lot of time was spent discussing how much ether was created and distributed with each block of transactions extracted.

Two bidders – Brian Venturo, CTO of Atlantic Mining and Matthew White – called not only for a reduction in emissions, but went so far as to ask developers to commit to limiting the total amount of ether that can never be created.

Such a move would deviate from previous roadmaps, where a cap would not be added until an anticipated change to a proof-of-stake consensus method that would completely eliminate the need for data mining hardware.

Others have tried to frame the question as if it were in the interest of all parties who use ether – even developers who might not necessarily earn rewards.

"Getting the issue under control will have a good impact on the price that is important for developers' salaries, projects and funding for new projects," White said.

During the meeting, Xin Xu, CEO of an ethereum mining pool named Sparkpool that supports more than 20% of the hacredithum ethereum, warned of the consequences of lowering the emission rate too much or the reward of the block.

"There is a critical point and when we get there everything goes down and we can not go back in. In my opinion, the emission change will have a big impact on safety." Xin said.

ASIC Resistance

And although ethereum testing mining is expected to be replaced later in the roadmap, stakeholders face another controversial topic: whether to block the use of specialized chips that could displace many miners who are now dependent on the GPU.

At issue is the recent release of specialized ASICs designed to maximize the profits of miners and get those minors less competitive – or not able to buy the latest hardware.

Given that the reduction in emissions would actually be a reduction in pay for miners, the developer of ethereum Danny Ryan suggested that the blocking of ASICs from the network could be a "reasonable compromise" for the GPU -dependent miners.

Jameson said that such a change of code could be implemented on a subsequent difficult fork, eight months after the activation of Constantinople – however, the required test could be too subdued

And while c & # 39; it was broad consensus by the miners present to keep the ASIC out of the platform, several developers rejected the proposed code change, stating that they were "skeptical" that

Others warned that too large a change could actually be detrimental to the miners of the GPU, who have optimized their equipment for the ethereum code.

In the end, Jameson urged participants to continue the discussion on social media, commenting:

"Between today and next Friday there will be more comments on the EIP and the different perspectives here."

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