During Ethererum's weekly main developer meeting held on April 26, Hudson Jameson, a member of the Ethereum Foundation, announced that the funding for the audit of the Programming Work Test algorithm (ProgPoW) was approved.
At the meeting of the team of developers, broadcast through his YouTube channel, Jameson added that once these funds are approved, the audit could start this week or next, depending on the logistics needed to start doing the work. According to the team, the total amount needed to carry out this evaluation, calculated at USD 50,000, was achieved through donations obtained from multiple sources, including the contributions collected on the open source Gitcoin rewards platform. Approximately 15,800 DAIs were collected there, equivalent to about USD 15,800.
The sum required was completed with donations from other sources, not identified, accumulating the total amount of 50,000 DAI (USD 50,000). To this end, the developers carried out a campaign requesting the contribution of both Ethereum related organizations, network miners and members of the community.
The audit, proposed last March by the CEO of SpankChain, Ameen Soleimani, will be carried out by the computer security company Least Authority, based in Berlin, Germany. It is estimated that it will conclude for the month of next July. The objective is to examine the operation of ProgPoW in the security of the block chain, in addition to evaluating its effects on the mining landscape of the Ethereum network.
The implementation of the ProgPoW code, whose main purpose is to disable ASIC equipment in favor of GPU miners, has generated disagreements among some of the members of the Ethereum ecosystem for several months. The decision to move forward with the plan annoyed some participants, although the results of some surveys, presented by Jameson a month ago, indicated that 94.08% of the people interviewed approved the change of mining algorithm.
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