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Zcash moving away from ASIC resistance, indicate panel votes

Priyamvada Singh



ZCash moving way from ASIC resistance, indicate panel votes
Source: Pixabay

Recently, the Zcash Foundation conducted a poll wherein the members of the community voted against the prioritization of ASIC resistance in the protocol. The Zcash governance council has 64 elected members from the community who participated in the voting process.

ASIC [Application Specific Integrated Circuits] resistance came into light after a few Chinese companies began launching mining algorithms [ASIC machines] that do not use CPU or GPU to mine crypto coins. This played out against regular miners that use average resources like computer hardware for crypto mining. ASIC resistant coins are those that cannot be mined by ASIC machines, yet.

The first ever ASIC miner for Zcash was released in May, by a China-based hardware manufacturer called Bitmain. The concern here is that cryptocurrency mining might slowly be marching towards centralization if ASICs manages to take over other cryptocurrencies as well. This is simply because it restricts a distributed, decentralized participation of miners who use regular mining methods.

Earlier, Zcash stated that the foundation would adopt all necessary means to make ASIC resistance possible. The community also discussed a technical advisory board exclusively dedicated to the investigation of ASICs’ case studies and their presence on the network.

This, however, was voted against after 45 members on the Zcash panel disagreed to prioritize ASIC resistance. Only 19 members voted in its favor.

On a separate proposal that included “Selecting a thermodynamically efficient [not ASIC-resistant], currently unused proof-of-work algorithm” and “Hosting and building an open hardware specification for the selected PoW algorithm,” a majority of 38 members to 26 voted in favor of it.

ASIC machines are efficient, cost-effective, and consume less power. Despite this fact, the news received mixed reactions from the community, as some carry the opinion that ASIC would destroy GPU miners and will only affect the distribution of opportunities.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.