This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. If you agree to our use of cookies, please continue to use our site.
Now LIVE: Our 2022 Annual Crypto Report 📊 – Get a full overview & analysis of last year’s trends, across Bitcoin, Ethereum, DeFi, NFT, Exchanges & more!
EN
Language
EnglishDeutschEspañolFrançaisItalianojęzyk polskiLimba românăMagyar nyelvNederlandsPortuguêsSvenskaTiếng việt
Application-Specific Integrated Circuit (ASIC) refers to computer equipment which are specialized for a specific use, rather than general use. An example of ASIC would be Bitcoin mining machines that are made to solve the SHA-256 algorithm repeatedly and in orders of magnitude quicker than general use hardwares (eg. graphic cards).
Initially developed only for the Bitcoin algorithm, the development, sale and usage of ASIC quickly became a lucrative industry as it expanded to cover many other cryptocurrencies.
It is worth noting that ASICs are not used only in the crypto scene - appliances that are made to do specific functions can also be equipped with ASIC chips for efficiency purposes.