Ethereum news: Mining algorithm change delays as developers wait for audit
Ethereum protocol developers plan to hold off the launch of the new consensus algorithm, which would render the advantage of ASIC useless, until the code passes a third party code audit. The news comes after a major security flaw was discovered in Ethereum’s Constantinople fork which delayed the Constantinople launch.
The third-party audit will verify the code for security flaws as well as whether the algorithm does what it intends to do, that reduces the effect of ASIC miners and improve the efficiency of GPU mining.
Developers decision to make Ethereum network ASIC resistant emerges from the fact that many miners have shown their displeasure towards expensive ASIC circuits which generate a lot of rewards and also render GPU mining useless. Also having a large mining pool of ASICs make the Ethereum susceptible to 51% attack, as it consolidates the number of nodes in one region.
The developers haven’t given a tentative date on when the algorithm will go live. Communication officer of Ethereum foundation, Jameson, told Coindesk,
“If we can get to a point where we say, ‘This will work and here’s why it will work,’ that would help a lot,” later adding, “If we find no that should give us enough confidence that the decision should be made for us.”
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