Blockchain and Cryptocurrency
ASICs, or Application-Specific Integrated Circuits, are specialized hardware designed specifically for a particular application, in this case, for mining cryptocurrencies like Bitcoin. They are tailored to perform a single task with high efficiency, making them significantly more powerful and energy-efficient than general-purpose hardware. This specialization gives ASICs a competitive edge in the mining process, directly impacting the decentralization and security of networks like Bitcoin.
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