Why Do Developers Choose to Implement or Remove ASIC Resistance in Their Protocols?
Developers implement ASIC resistance to promote decentralization and egalitarian mining, ensuring the network is accessible to a wider community of miners using commodity hardware (CPUs/GPUs). They may choose to remove it later to achieve maximum security and efficiency, as ASICs offer superior hash rate per watt, or if they believe the decentralization goal has been achieved or is no longer the primary concern.
Glossar
Developers
Architecture ⎊ Developers within cryptocurrency, options trading, and financial derivatives contexts primarily construct and maintain the underlying systems facilitating these markets.
Resistance
Threshold ⎊ The concept of resistance, within cryptocurrency derivatives and options trading, fundamentally represents a price level where selling pressure historically outweighs buying interest, impeding further upward price movement.
ASIC Resistance
Mitigation ⎊ ASIC Resistance, within cryptocurrency, represents a design philosophy prioritizing decentralization by increasing the computational cost for specialized mining hardware, known as ASICs.
ASIC
Architecture ⎊ Application-Specific Integrated Circuits represent a fundamental shift in computational hardware within the cryptocurrency ecosystem, diverging from the general-purpose nature of CPUs and GPUs to offer substantial gains in hash rate efficiency for specific cryptographic algorithms.