Luke Dashjr has selected BLAKE2b, using a random process, as the new proof-of-work algorithm for the BIP-110 chain, replacing the SHA-256d algorithm currently used by Bitcoin. According to ChainCatcher, BLAKE2b is better suited to mining with general-purpose CPUs and GPUs and is more CPU-friendly than SHA-256d, which would reduce the advantage held by existing Bitcoin ASIC miners. The report also referenced an earlier update saying Dashjr plans to formally activate the BIP-110 hard fork on Sept. 1, turning it into an independent blockchain and creating a new token distinct from Bitcoin. Separately, earlier reports said Dashjr had already lost his Bitcoin BIP editor permissions after they were revoked by the Bitcoin BIP editor team.
Luke Dashjr has selected BLAKE2b as the new proof-of-work algorithm for the BIP-110 chain through a random process, according to ChainCatcher. The move would replace SHA-256d, the algorithm currently used by Bitcoin.
ChainCatcher said BLAKE2b is better suited to mining with general-purpose CPUs and GPUs than SHA-256d. It is also described as more CPU-friendly, a change that would reduce the advantage of existing Bitcoin ASIC mining machines.
An earlier report said Dashjr plans to formally implement the BIP-110 hard fork on Sept. 1. That step would make it an independent blockchain and produce a new token distinct from Bitcoin.
Earlier reports also said Dashjr has had his Bitcoin BIP editor permissions revoked by the Bitcoin BIP editor team.
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