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Equihash was developed and introduced back in 2016. The intention behind the creation of this mining algorithm was to rectify some of the drawbacks of previous proof-of-work algorithms. As a result, it has emerged as the preferred mining algorithm for a number of renowned cryptocurrencies.
We will understand the Equihash mining algorithm in-depth and go over its advantages, working and minable coins for ZCash investors and miners in this blog. Let’s get started!
The generalized birthday problem is the foundation of the asymmetric memory-oriented proof-of-work mining algorithm known as Equihash, which is used in computer science and cryptography. It makes it possible for miners to mine cryptocurrency using a regular PC.
Scientists created it to shorten the amount of time needed to complete the mining process. Because it enables regular users to divide the workload by primarily figuring out how much proof-of-work mining to do on smaller operational systems. It connects the conventional SHA256 mining with numerous advantages, using Zcash as the perfect example of how to apply Equihash.
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