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Is ASIC Resistance Necessary for Decentralization in Bitcoin Mining? A Comprehensive Analysis

The world of Bitcoin mining has undergone significant transformations since the inception of this pioneering cryptocurrency. Central to these changes has been the evolution of mining hardware, particularly the advent of Application-Specific Integrated Circuits (ASICs). ASICs are specialized hardware designed exclusively for mining cryptocurrencies, offering unparalleled efficiency and speed compared to their predecessors, such as […]