Luke Dashjr selects BLAKE2b as the new PoW algorithm for the BIP-110 chain
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.





