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A meeting of developers, miners and investors of the Ethereum has created even more questions

Meeting of the Ethereum developers did not succeed

The Ethereum developers and stakeholders who gathered recently to discuss key issues before the October update, unable to agree among themselves.

The key issues discussed with developers, investors and large miners, concerned Ethereum economy, the speed of its updates, the ways of mining and the formation of a mechanism to achieve consensus in future updates. Despite the fact that the meeting lasted approximately two hours, the parties were unable to reach agreement on several issues. The next meeting is scheduled for August 31.

A separate topic of conversation was the number of the extracted broadcast and its distribution with the release of each new block. Technical Director of Atlantic Crypto mining company, Brian Venturo and software developer Matthew White offered to consider the option of reducing emissions. They asked the creators of Ethereum, whether they intend to put a limit on the maximum amount of ether.

If the offer of Ventura and White is accepted, the Ethereum project will have to deviate from its road map. According to this document, a restriction can be imposed in case of transition of the system to the mechanism of consensus Proof-of-Stake, which implies a complete rejection of the use of equipment for mining.

Chief Executive officer of the Sparkpool mining-pool, Xin Xu warned the participants of the meeting about the consequences that can occur after reducing the awards for blocks:

"If the project reaches a critical point, everything will break and will not be subject to recovery. In my opinion, the change in emissions radically affect safety."

Even given the fact that in the near future, developers are going to abandon the mechanism of a consensus Proof-of-Work, meeting participants were interested in the question: whether to allow the use of specialized equipment, which can't compete with GPU miners, relevant today? The more that recently released a special ASIC miner designed to obtain maximum income from the extraction of ether.

Because of the emission reductions will adversely affect the income of the miners, the developer of Ethereum Danny Ryan suggested that the blocking of ASIC hardware in the chain may be "an acceptable compromise" for users of graphics cards.

Developed by Hudson Jameson reported that such changes may be added to the code in the next hard fork, i.e. 8 months after activation, update, Constantinople. Most likely, this change will not get in the October hard fork, because they need long and careful testing.


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