Vitalik Buterin criticizes developers for their decision-making process on ProgPow and is neutral on the proposal

According to Trustnodes reported on February 25, Ethereum co-founder Vitalik Buterin has criticized the developer's decision-making approach on Friday to consider the ProgPoW proposal to replace the Ethereum algorithm.


Image source: visualhunt

He commented:

"Well, this thing has passed, it hasn't been mentioned for a long time, and now, oh my god, it has been arranged to the next hard fork again !!"

These comments were made by Buterin in the context of discussing Ethereum's monetary policy. He believes that Ethereum must "erect a psychosocial wall in a standardized form, and we obviously do not want governance to move into the wall." The 'schelling point' of Ethereum's monetary policy will be defined as "minimum issuance to ensure network security."

Once Ethereum's current proof-of-work (PoW) chain is replaced by a new proof-of-stake (PoS) chain, this sentence will translate into an Eth inflation rate of about 0.22% per year. Buterin says:

"The way ProgPoW is quickly re-approved is definitely not helpful. It will not make people trust governance or feel secure about it, and it will definitely prompt 'Twitter people' to think that they must send out a loud, simple and clear message ( (I.e. more of these Schelling points) so that their voices can be heard. "

Three weeks ago, Ethereum just completed an upgrade known as "Berlin" in abstract terms. However, Ethereum 1.0 developers suddenly announced on Friday that they will implement ProgPoW in the next hard fork.

ProgPoW is a change to the Ethereum algorithm proposed two years ago. On the surface, it is to resist ASIC miners. After a lot of discussions in the following weeks and months, the Ethereum community generally rejected this proposal. However, Hudson Jameson, the host of the Ethereum developer conference call, previously stated that ProgPoW is a certain exchange condition for miners to "accept" the blockchain rewards implemented earlier last year to be reduced to 2Eth.

Why miners are bargaining on such things is not clear, but this developer conference call hosted by Jameson finally issued a statement that developers "approved" the algorithm change again. Everyone was surprised by such a statement. Coindesk first reported on this statement, saying that Ethereum 1.0 developers "temporarily approved" the proposal, but most people had not heard of it at the time.

As before, this conference call did not publicly announce the upcoming decision on ProgPoW. Instead, everyone knows, but of course Buterin also knows that developers are still talking about this "made" decision. Buterin says:

"Suddenly thought of the process of rejecting a proposal: if a proposal is rejected and later wants to be proposed again, you must explicitly make a change that will not be rejected and wait for a full hard fork cycle to come Get approved, except in an emergency. It's an economical way. "

He also stated that he was neutral on whether the proposal could be passed and only criticized the decision-making process, but in the past two years, he had said subtly three or four times that he did not want to do so, but did not explicitly say "No".

You might think that what he wants is a fast BLS signature algorithm upgrade to Ethereum 1.0, allowing Ethereum 1.0 developers to launch Ethereum 2.0 without any delay. These BLS signature algorithms were proposed by newcomer Justin Drake, and currently also give developers a little headache.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


2020: Nonprofits fall in love with Bitcoin?

Microsoft accepts Bitcoin. No one cares. why? Because if you want people to give up their bitcoin, you better have a ...


Yao Qian: What is the role and value of blockchain construction in epidemic prevention and control?

Author: Yao ago Source: Contemporary financiers Editor's Note: The original title was "Qiao Yao, Science an...


Exploring the evolution of the stablecoin market structure: Why can USDT always dominate the first place?

Stablecoin competition is an endless topic, as the industry struggles in its second decade, hoping that the market ca...


Can the combination of decentralized derivative exchanges and account abstraction open up the next incremental entry point?

How much will the target audience expand if decentralized contract exchanges can be logged in using Google accounts?


Investment tips for the next bull market: In-depth analysis of the development status and trends of 15 cryptocurrency tracks

Following the regular industry cycle pattern, the bear market has passed halfway. The Ethereum upgrade has brought ab...


Red Cross, we have a way for you: it's time for some new technology!

Source: Block rhythm Editor's Note: The original title was "Red Cross, Let's Find a Way for You" ...