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ASIC Resistant

By CoinGecko | Updated on Mar 03, 2020
Typically used within the crypto world to describe the proof-of-work protocols that aim to prevent the use of ASICs for mining. Typically, this is achieved by making certain adjustments such that a ASIC will not have any competitive advantage over consumer hardware, or through inclusion of many various algorithm that makes it difficult for ASICs to have an edge against regular hardware. The aim of ASIC resistant algorithms are usually to avoid the centralization of mining in that typically happens as ASIC machines.

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Related Terms

Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
Mainnet
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Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
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