Ethereum (ETH) Technical Analysis: Hanging On To 50 SMA Support, Likely to Break $130 Soon
Cryptovest
Published Mar 26, 2019 09:33AM ET
Updated Mar 26, 2019 10:43AM ET
Ethereum (ETH) Technical Analysis: Hanging On To 50 SMA Support, Likely to Break $130 Soon
According to a medium post released on March 25 by Hudson Jameson, one of Ethereum’s most highly active developers, the ‘Ethereum Cat Herders’ have confirmed that the proposed programmatic PoW (ProgPoW) audit has been approved.
ProgPoW (EIP 1057) will become Ethereum’s new interim Proof-of-Work mechanism while the project transitions over to Casper - Ethereum’s future Proof-of-Stake consensus system. The main focus of ProgPoW will be to reduce the economic advantage of ASIC miners so that GPU miners can continue to operate on the network, and earn block rewards. This ensures that the network remains as decentralized as it can be.
Least Authority have been selected as the third party auditers that will review the code, having already worked on Ethereum projects in the past. As per the official survey , over 43% of stakeholders and...
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