ASIC Resistant

Door CoinGecko | Bijgewerkt op 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.

Deel dit met een vriend.

Gerelateerde termen

STO
Security Token Offering (STO) refers to a public offering for tokenized digital securities, or in short security tokens traded in cryptocurrency exchanges.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Wilt u uw kennis verbreden?
Ga terug naar de woordenlijst of abonneer u op onze nieuwsbrief.
coingecko (thumbnail mini)
CoinGecko voor iOS
coingecko (thumbnail mini)
CoinGecko voor Android