Page Summary

Equihash is a memory-hard proof-of-work algorithm. Two students introduced this algorithm during the Distributed System Security Symposium held by the University of Luxembourg in 2016. The algorithm finds colliding hash values by solving the Birthday problem. This is a probability theory stating that in over 50% of cases at least two people will share a birthday in a group of 23 people or more. 

Parallel implementations of Equihash are bottle-necked by memory bandwidth. Commercially sold hardware has high memory bandwidth. Improvements to this are not worth the development cost. Cryptocurrencies that use Equihash are ASIC resistant. This means that there is no specific mining hardware for these coins and tokens. 

Cryptocurrencies that use Equihash

ZCash, Horizon, Aion, Hush, and Pirate Chain are examples of cryptocurrencies that use Equihash. These cryptocurrencies all use different formulas of Equihash. Although they claimed to be resistant to ASIC mining, mining hardware manufacturer Bitmain succeeded in creating a ZCash Equihash ASIC miner.


eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


Please enter your comment!
Please enter your name here

This site is registered on wpml.org as a development site.