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A 101 Guide to Ethereum's ProgPOW Controversy
Why the ProgPoW debate is really about process, power, and the threat contentious hard forks pose to DeFi.
Updated Sep 13, 2021, 12:22 p.m. Published Feb 27, 2020, 8:00 p.m.
Why the ProgPoW debate is really about process, power and the threat contentious hard forks pose to DeFi.
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
Last Friday, on Ethereum’s core developer call, the devs agreed to push forward a controversial anti-ASICs consensus algorithm switch known as ProgPoW.
The broader Ethereum community was not pleased, and has spent the last week debating both ProgPoW itself as well as the way decisions in the community get made.
In this 101-guide to the controversy, @nlw breaks down:
- What is ProgPoW
- The history of the debate
- Arguments for and against
- Who falls on what side and why
- The implications of ProgPoW for DeFi
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
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In an interview with CoinDesk, the Ethereum co-founder spoke also about Ethereum’s evolution through MetaMask, stablecoins and tokenization, while downplaying quantum computing as a long-term, manageable issue.
What to know:
- Joe Lubin told CoinDesk that AI and crypto are converging to power a machine-driven economy, while warning that centralized AI control could pose risks.
- He described Ethereum’s evolution through MetaMask, stablecoins and tokenization, while downplaying quantum computing as a long-term, manageable issue.
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