As Zel continually strives to remain ASIC-resistant, we are joining Zcash in offering a grant to build out future, fair POW algorithms for ZelCash

ASIC development is regularly picking up steam, threatening the decentralized nature of crypto ownership and the network security of many altcoins. Possible solutions are being developed to help solve network security vulnerabilities, including distributed POW and consolidated chainstate verification, but not all proposals consider the decentralized aspect of asset ownership that GPU mining fosters by spreading hash power over as large an area as possible.

ProgPOW logo courtesy of OhGodAGirl’s Medium articles

The Zcash Foundation has recently approved multiple grants to start work on ideas that help combat against centralization of hash power, and thus increase the spread of mining power. As these new technologies develop, they can be utilized in conjunction with network security schemes to empower the growth of newer altcoin projects that in turn are developing novel blockchain technologies, without the threat of being attacked into oblivion.

One such grant funded by Zcash Foundation is the possible implementation of ProgPOW into the Zcash mining network. With this grant, Zcash is listening to and defending its community and their interests in the project.

ZelCash stands with Zcash in protecting the decentralized nature of crypto

Zel is keeping in lock-step with Zcash by offering a Zel Foundation grant to integrate ProgPOW into the ZelCash testnet for future consideration of a POW algorithm change as we continue our stance of ASIC-resistance and to protect the Zel ecosystem and its invaluable community. We ask the Zel community to help ZelCash in its sustained and unceasing growth to submit proposals for this integration. The grant will be funded with a generous reward of ZelCash (amount TBD based on scope of work proposed).

Daniel Keller, Chief Strategy Officer for Zel, stated:

“Zcash is taking a proactive stand, that our community believes in as well. We think the community will benefit from shared goals, and the Zel Community grant process will reflect this desire to build out the next algo iteration!”

The Foundation is also interested in working with other projects that might not have their own granting wing, to pool resources and support the crypto community as a whole since all enthusiasts are part of this endeavor together.

ZelCash Founder Miles Manley has been very clear about the importance of understanding how projects could use shared resource models to better the customer service experience.

“We believe in expanding our technology prowess, however that might look”.

Proposals for the grant should should include an overview and timeline of developing the technology, plans to set up ProgPOW into a ZelCash testnet, and willingness to share the technology publicly. Applicants will ideally have cryptography and blockchain development experience, but the grant is open to anyone who wishes to apply.

How to apply:

Please apply by posting your proposal in the #forum channel under ZELFoundation in Zel Discord, or DM Parker or Daniel.

Alternatively, email your proposal to social@zel.cash

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Written by Zel Technologies, GmbH — 09 November 2018 — Rev. 1

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