ASIC-resistant

The characteristic of a cryptocurrency or crypto exchange platform that protects it from often illegal ASIC mining.

ASIC-resistance refers to a feature designed for cryptocurrencies and exchange platforms, effectively rendering them immune to advanced mining processes, specifically, ASIC mining. ASIC mining, in this context, refers to the mining of cryptos using application-specific integrated circuits (ASICs) which circumvent regular protocols to increase trading benefits. Thus, ASIC-resistance on an exchange platform implies that all users are trading or investing on the same grounds, with no particular group allowed to get ahead of the other because they have access to advanced and prohibited computing processes and software components.

ASIC-resistance is one of the components that exchange platforms use to promote security, especially with reference to Proof of Stake or Proof of Work algorithms on blockchains.