The Ethereum Foundation is funding efforts to create specializ | Crypto_Telegraph

The Ethereum Foundation is funding efforts to create specializing mining hardware in partnership with blockchain data storage network Filecoin.

Announced Thursday at Devcon, the annual gathering of developers in Prague, Ethereum Foundation researcher Justin Drake unveiled preliminary designs for application-specific integrated circuits, or ASICs, that will support an upcoming ethereum technology called the "beacon chain."

In essence, the beacon chain is a random number generator, and it's expected to form part of the next major iteration of the ethereum network – ethereum 2.0 – under an alternative, proof-of-stake consensus protocol (compared to the proof-of-work approach utilized today).

While the term "ASIC" in the cryptocurrency space is more commonly associated with the technology applied to mining, the proposed ethereum 2.0 hardware isn't engaging in that same, computationally-intensive process.


https://telegra.ph/Theres-a-New-Plan-to-Build-the-Hardware-for-Ethereum-20-11-03