The New Mining Algorithm
by Christopher Franko
A bold new development aims to make Expanse stand out among the mining crowd.
An exciting new development aims to send Expanse in a bold new direction. Over the weekend, your favorite developer, Christopher Franko, released what he called “the first of many” Expanse Improvement Proposal (XIP for short). XIP 5 as it’s officially known outlines an exciting new mining algorithm that promises to make Expanse stand out among the crowd by making it more accessible to a wider range of processors.
XIP 5 achieves this goal by eliminating a costly mechanism known as the DAG. DAG stands for Directed Acyclic Graph, and in ethash (the predecessor to Expanses new Frankohash, it serves as a mechanism for increasing the amount of memory it takes to perform a hash. In theory, adding a DAG to the hashing algorithm would prevent the creation of class of novel processors known as ASICS. ASICS or (application specific integrated circuit) was the big boogey man at the time of Ethereum and Expanses release.
People feared ASICS in those days because they feared the long term consolidation of mining by a few bad actors. Though that could potentially be a negative side effect, we can’t ignore the positive effect of having an entire industry form around the security of a single network either. On top of that, ASICS offer increased security for less energy consumption. In an energy conscious world that’s a huge positive.
One might wonder, was Ethash ever successful at preventing ASIC development? No. Not at all. Overtime chip manufacturers still designed and sold ethash ASICS. Which then begs the question, why keep it? As Christopher Franko boldly proposes, don’t. In the short term removing the DAG requirement means Expanse becomes increasingly mineable by a wider range of GPU processors. In the long term it creates an opportunity for asic manufacturers to form an entire industry around the security of the Expanse network. Which as a stake holder, is a win for everyone.
Path to $100
State of the network
by Chris Franko
It Is 2021 and Expanse has been around for over 6 years. 6 years doesn’t sound like a long time but in an industry that evolves as rapidly as crypto, we are ancient. Although the last three years havnt been immensely kind to Expanse, we have survived and in the rare instance even thrived. But that’s not enough. We need change.
Check our Newsletters
EXPANSE NEWSLETTER VOL. 6, NO. 4 – 10/31/2021
Welcome to the 5th Expanse Newsletter of 2021. We are in a new moment for Expanse. After 7 years in the blockchain world we have learned a lot about our community and its needs, today we are growing in Latin America along with this new great trend. Today we have a great participation in this market.
EXPANSE NEWSLETTER VOL. 6, NO. 4 – 08/15/2021
Welcome to the 4th Expanse Newsletter of 2021 a lot of things have happened in Expanse. The new mining Algo is on the way and we are working closely with the recent Central America movement and have already launched 2 tokens for 2 countries on our platform.
EXPANSE NEWSLETTER VOL. 6, NO. 3 – 05/31/2021
Welcome to the 3rd Expanse Newsletter of 2021 a lot of things have happened in Expanse. The token projects are growing fast and communities around EggsSwap, we had a Live with the growing Spanish Community, and much more. Well we invite you to read this impressive Newsletter and we hope to continue publishing it once a month.