search

ethereumclassic / ECIPs

https://ecips.ethereumclassic.org
81 stars 61 forks source link

Withdraw ECIP-1049: "Change the ETC Proof of Work Algorithm to Keccak256" #486

Closed bobsummerwill closed 2 years ago

bobsummerwill commented 2 years ago

There has not been any active work on this for several months. There is not clear consensus on activation of the feature. We have also missed the boat to make a transition prior to Ethereum's "The Merge" event, and the anticipated flood of hashrate into ETC.

DonaldMcIntyre commented 2 years ago

There is not clear consensus on activation of the feature.

Agreed. Although SHA3 would be best for ETC, there was no rough consensus to activate it in the ecosystem. Let's see after the Ethereum merge.

gitr0n1n commented 2 years ago

There is not clear consensus on activation of the feature.

Agreed. Although SHA3 would be best for ETC, there was no rough consensus to activate it in the ecosystem. Let's see after the Ethereum merge.

Good thing ETC already has this hashing function in ETChash and is safer without this centralized supply chain take over of the mining ecosystem. Wake up @DonaldMcIntyre - you were played like a fiddle.

This proposal was smoke and mirrors from the start and shilled to the general public by bad actors. The attempted removal of the DAG was a completely unnecessary change organized by a Canadian ASIC manufacturer- ePIC Blockchain. Henry Quan is on video explaining his business strategy of capturing networks like ETC in an effort to compete with Bitmain and other large ASIC outfits. This was never about ETC's security and always about ePIC Blockchain's income statement. https://youtu.be/wAqsasCO7UI?t=187

This was a wise move by @bobsummerwill as the ETC network's security is in great hands with the open, decentralized, and battle tested ETChash. Onward to more productive conversations that have the network's best interest at heart.

DonaldMcIntyre commented 2 years ago

@gitr0n1n shaaat aaap.

Jamyye commented 2 years ago

Seconding “ ETC network's security is in great hands with the open, decentralized, and battle tested ETChash”

-Jamyye on ETCPool.us