Ethereum community members launch petition against ProgPoW, questioning its validity

According to The Block, on February 26th, members of the Ethereum community issued a petition against the ProgPoW proposal, which is intended to replace the Ethereum algorithm and to resist Ethereum network ASIC mining.

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ProgPow supporters believe that in the months before Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS), this change will help avoid miners-led forks. In terms of computing power, ProgPoW will make specialized mining equipment run under GPU mining.

The petition and the complete list of signatories have been posted on GitHub.

The petition states:

Ethereum is a global platform with many different stakeholders, so it is essential that major changes to the agreement have a clear purpose and receive broad support. However, EIP-1057 apparently lacks this support and is still considering launching.

Signatories to the petition include Uniswap CEO and founder Hayden Adams, Truffle Suite CEO Tim Coulter, and Ethereum hedge fund DARMA Capital co-founder Andrew Kay Andrew Keys and others. They believe that this change will further divide Ethereum.

The petition also mentions:

ProgPoW's stated goal is to avoid controversial forks when transitioning to proof-of-stake, but if activation increases the likelihood of such adverse consequences, it runs counter to its goals.

Scott Lewis, co-founder of DeFi Pulse, said:

The grassroots in the Ethereum community has clearly reached a consensus that they are against the release of ProgPOW. If this is irrelevant to the Ethereum governance process, then the governance process needs to be changed.