“ProgPow’s proponents argue that the upgrade would reduce the risk of miner centralization, because GPUs are more affordable, and would make the network less prone to attack. Ethereum’s algorithm ETHash was always meant to be ASIC-resistant, they insist.
Those strongly against the upgrade contend that the change is an unnecessary distraction from Ethereum’s scaling solution ETH2, which would dispense with mining altogether.
DeFi is ultimately the kingmaker of any future governance crisis—users, miners, and developers certainly have a voice, but the chaos that would be unleashed by unraveling DeFi ties everyone else’s hands.
What’s clear, is that the argument over ProgPow may not be remembered chiefly for the new algorithm it seeks to introduce, but rather as the watershed moment when Ethereum governance changed forever, and which saw stakeholders exert their influence to sway key decisions.
Hudson Jameson has warned that a ProgPow decision is on hold until the next core developers update on March 6.”
“Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. The hedge fund has already nominated four directors to Twitter’s board.
In his time as Twitter’s commander-in-chief, Dorsey’s seen criticism over his management style, with the platform failing in some people’s eyes to be sufficiently innovative and focusing instead on its core messaging service.”
“NH Bank’s blockchain-powered ID service is the first commercial application of distributed identity technology developed by the decentralized identifier (DID) consortium. NH Bank is jointly implementing the new ID system with South Korea’s largest wireless carrier, SK Telecom.
Based on blockchain technology, the new mobile ID system is designed to provide better control of staff’s personal information and protect their personal data while enabling handy authentication via a smartphone instead of a traditional ID card.”
“Dusk Network says it will tokenize shares for thousands of small and medium-sized enterprises (SMEs) in the Netherlands.
One of the key challenges brought up by SMEs is the difficulty in accessing new capital. Tokenization, Pol said, can broaden the investor pool, allowing companies to raise funds from retail investors and institutions outside of their immediate network.“