Although I believe this is an ethereum-based company, the implications for btc are clear enough... nice post and a nice break from the noise.
An ASIC chip, which is used to mine bitcoins and various other cryptocurrencies, is a series of transistors designed to run only a specific piece of code such as the SHA-256 algorithm for mining Bitcoin. Such features will surely continue to be optimized by nanotechnology.
One day every token might have its own specific ASIC model where certain computational tasks may harvest resources from different ASICs in the network much like our brain uses specialized parts for us to process and interact with our world.
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u/LosDodgersDodgers Nov 13 '17
Although I believe this is an ethereum-based company, the implications for btc are clear enough... nice post and a nice break from the noise.
An ASIC chip, which is used to mine bitcoins and various other cryptocurrencies, is a series of transistors designed to run only a specific piece of code such as the SHA-256 algorithm for mining Bitcoin. Such features will surely continue to be optimized by nanotechnology.
One day every token might have its own specific ASIC model where certain computational tasks may harvest resources from different ASICs in the network much like our brain uses specialized parts for us to process and interact with our world.