Equihash is a proof-of-work (PoW) algorithm designed to be memory-hard, which means it requires a significant amount of memory to compute, making it more resistant to specialized hardware such as ASICs (Application-Specific Integrated Circuits). It is primarily used for cryptocurrencies that aim to promote decentralization and reduce the advantages of mining with specialized equipment. The algorithm was proposed by Alex Biryukov and Dmitry Khovratovich in 2016.

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