ELI5 The Ethereum #SupplyGate controversy
In early August 2020, Michael Goldstein, Pierre Rochard and others asked what seemed to be a trivial question. What’s Ethereum’s total monetary supply? Can they articulate how to easily and independently verify the monetary supply of ETH? — Michael Goldstein (@bitstein) August 6, 2020 What they found next was both surprising and absolutely intriguing. Turns […]
About Ethereum EVM’s high GAS cost
As cryptocurrencies mature, the promise of a worldwide distributed ledger and computing platform is now taken for granted by businesses around the world. Billions of dollars were raised in ICOs which leveraged Ethereum’s computing platform. Smart Contracts are no longer seen as a marvel, but form the core of several successful business ventures. Note: This […]
ELI5 What is ProgPoW?
In May 2018, cryptocurrency researchers IfDefElse and Greg Colvin submitted EIP 1057, proposing a change to Ethereum’s mining algorithm. The central idea in EIP 1057, widely known as ProgPoW, is to design a mining algorithm that makes the most of available GPU hardware. By doing this, the authors argued that ASICs would then need to […]