Due to community demand we have been grinding away for the last week to create a proposal complete with simulations/data. That has lead to EIP 37. https://github.com/ergoplatform/eips/pull/79/files 🔸Epoch length to be set to 128 blocks 🔸Calculate *predictive* difficulty according to 8 epochs, 128 blocks each and *classic* difficulty as done in Bitcoin (averaged) 🔸Limit change so…

It hasn’t even been a week since the merge… Many had hoped a new ETH fork would be the savior. I always had serious doubts/reservations about the long-term viability there. Mining profitability in general sucks. GPU miner consolidation is underway. Nothing is going in favor for miners at the moment…

With a date set for ETH we move into an era. Many are asking what is next for GPU minable proof of work. I am frequently asked about what my thoughts are post merge as this is a major shift in the PoW... So here they are. Mining is a…

As crypto markets are a bit bloody at the moment it seems like a good time to reflect on recent trends as we continue to build into the future. Decentralized finance ideally should be built on solid principles and transparent risk management. …

Addressing Community Mentioned Alternatives First of all, we need to understand alternatives, as it is not quite clear whether storage rent will be enough by the end of the current emission and how smooth mining rewards will be: · switching to PoS or doing checkpointing (via another blockchain, on-chain or…

Changing Assumptions Post Hard Fork On block № 417,792 Ergo implemented a hard fork that supported traditional mining pools. Ergo had to adapt and support pooled mining to protect the chain’s consensus as unfortunately the non-out-sourceable puzzles concept was broken with smart contracts. The resulting hard fork required some changes…

EIP 0027 Emission Retargeting Soft-Fork https://github.com/ergoplatform/eips/blob/eip27/eip-0027.md Intent Soft-forking Ergo Emission There are a lot of concerns about the emission being over in less than six years from now. The long-term sustainability of the short emission schedule is an inherent risk to the long-term viability of the Ergo Network. The UTXO set is seeing good growth (visible…

I think the first thing a new user to the Ergo network should do is read the Ergo Manifesto, as it outlines the underlying intent behind the Ergo Blockchain. Intent matters. Satoshi never left behind the vision for the network. …

The Ergo weekly Dev update is not the sexiest crypto blog. Although all things equal, it is a solid choice. Focusing on the moon is great, but the truth is a rocket takes an incredible amount of engineering. Designing and building systems that are subject to immense pressure is not…