What is Asic-resistant?
ASIC-Resistant – ASIC-Resistant mining and blockchain algorithms are designed to provide ASICs no advantage over customer-grade hardware.
ASIC-Resistant mining and blockchain algorithms are designed to provide ASICs no advantage over customer-grade hardware. ASICs (Application Specific Integrated Circuits) are purpose-built pieces of hardware. They are intended for mining Ethereum, Bitcoin, and other cryptocurrencies.
Understanding Asic-resistant
The big dispute actually focuses on the concept of developing a protocol that is “ASIC resistant.” The fundamental conclusion is that there will always be a demand for and a method to make a particular computation more efficient. Following this logic, ASICs emerge only when a task is worth the effort of being effectively computed. In the cryptocurrency realm, we get this from the value provided by a certain coin protocol.
Over the years, proof-of-work cryptocurrencies have seen a plethora of utilized hashing algorithms and a corresponding amount of hardware development attempting to crack them in the most effective manner.
Most developers did not expect the inventive chip design industry’s innovations, and today, practically all of the leading cryptocurrencies are mined with ASIC hardware.
All networks that reach a certain robust stage will naturally attract this type of development, which can really be a sign of network health.
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