Equihash Mineable Coins
What is Equihash
Equihash – is a memory-oriented Proof-of-Work algorithm developed by the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT).
General information of Equihash
Alex Biryukov and Dmitry Khovratovich are part of the University of Luxembourg research group CryptoLUX, which developed Equihash.
Equihash was introduced at the Network and Distributed System Security Symposium 2016 in San Diego.
The cryptocurrency ZCash integrated Equihash in April 2016, for reasons such as security, privacy, and ASIC miner resistance. Bitcoin Magazine notes, “According to the CryptoLUX scientists, the algorithm permits avoiding centralization of the mining process in the hands of a few first-class miners with specialized mining hardware, thus contributing to the “democratization” of digital currencies based on Equihash.
Benefits of Equihash Algorithm
- Equihash performs a very effective check, which makes it possible to view Zcash as a platform for writing applications running on mobile devices or the likely implementation of the Zcash client in the Etherium in the future.
- The sensitivity to the amount of RAM allows Equihash to distribute performance fairly depending on the availability of RAM for miners.
- Relatively equal conditions of mining (mining) do not give advantages to the owners of ASIC. This condition is realized in the structure of Equihash concept called – “generalized problem of birthday” and promotes even greater decentralization of mining.