Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Community Zcash voted against the resistance of ASIC miners

Members of the Zcash community voted not to give priority to developments that would be aimed at changing the protocol in order to prevent ASIC mining.

You may also be interested : Privacy of Zcash, Monero and Dash in the Sights of European Police Experts

You may also be interested : Central banks this year will start buying crypto currency

This decision was made as part of a management meeting held by the Zcash Foundation. Its results were announced at the Zcon0 conference in Montreal on Thursday. Members of the community voted for and against the  proposal , which put forward the thesis that it is necessary to give priority to the resistance of ASIC-mining and “to prevent the use of ASIC mining equipment instead of equipment for mining using graphics cards.” “For” the proposal was 19 votes, “against” – 45.

As previously reported, the emergence of ASIC-miners for Zcash has become a stumbling block within the crypto-exchange community.

You may also be interested : In South Korea, the demand for CPU for the development of crypto-currency

Some users have supported GPU-mining, as it allows to participate in mining to a wider range of miners. Especially for those who do not have the resources to purchase ASIC, which can cost thousands of dollars apiece and can not be used for other tasks, reports CoinDesk .

Andrew Miller (Andrew Miller), president of the Zcash Foundation, said that he was “surprised” by the result of the vote. Miller told the participants:

“This vote strongly signals serious disagreements within the community. I interpret these results as follows: we will not make hasty decisions, such as redirecting all resources of the Zcash Foundation to ASIC resistance. “

The management meeting was attended by 64 elected members of the crypto-currency community, who voted on 7 different issues a week before the conference. However, the results of the vote do not put an end to the problem of mining Zcash.

You may also be interested : Twitter will fight fraud and spam

Indeed, in another vote, 38 community members favored and 26 opposed research on long-term solutions, such as more “thermodynamically effective” consensus algorithms, and open source hardware research.

As part of the seminar on mining at the conference on Tuesday, members of Zcash Company, the main organization supporting the development of Zcash, said the company would voice a more formal position on ASIC before the upcoming Sapling update in October.

Zcash Foundation operates independently of the Zcash Company. Its main goal is to decentralize decision making in the network through management meetings. At the conference, Miller said that these meetings are generally designed to inform community members about the fund’s priorities for the year.

“We want to include the ideas of open management in the work of the network, including community participation in decision-making – this is our main goal,  ” Miller said.

On another issue, 48 participants spoke in favor and 15 against the transfer of ownership of the Zcash Company trademark from Zcash Company to the Fund. The group also voted to elect Clovyr CEO Amber Baldet and co-founder Zcash Jan Miers as new members of the board of the Foundation.

This week in the Zcash network, the Overwinter update was successfully activated, which will prepare the network for the larger Sapling hardfall in October this year. Overwinter has added rollforward protection and some improvements to improve network performance.

During the Sapling upgrade, it is planned to eliminate the excessive weight of closed transactions, so that Zcash can scale for more users.

You may also be interested : Bitmain can control a large share of BTC mining

You may also be interested : Tether as an indicator of the state of the crypto-currency market

The post Community Zcash Voted against the resistance of ASIC miners appeared first on 9 to 5 Live.



This post first appeared on 9to5live, please read the originial post: here

Share the post

Community Zcash voted against the resistance of ASIC miners

×

Subscribe to 9to5live

Get updates delivered right to your inbox!

Thank you for your subscription

×