What Is the Primary Difference in the Consensus Mechanism of Zcash Compared to Bitcoin, despite Both Being PoW?
Both Zcash and Bitcoin use a Proof-of-Work (PoW) consensus mechanism, but they differ in the specific hashing algorithm. Bitcoin uses SHA-256, while Zcash uses Equihash (a memory-hard algorithm).
Equihash was initially designed to be more resistant to specialized ASIC hardware, aiming for more decentralized mining via general-purpose CPUs and GPUs, though ASICs have since been developed for it.