ASICASIC is an acronym for "Application Specific Integrated Circuit". They silicon chips specifically designed to do a single task. In the case of a cryptocurrency like bitcoin, they are designed to process SHA-256 hashing problems with the objective of mining new bitcoins. is an acronym for “Application Specific Integrated Circuit”. They silicon chips specifically designed to do a single task. In the case of a cryptocurrencyA fee imposed on some transactions sent across the network such as the network that supports bitcoin. It is awarded to the miner that successfully hashes the block containing the relevant transaction. like bitcoinA Cryptocurrency address is used to receive and send transactions on the network. An address is most commonly represented as a string of alphanumeric characters and sometimes referred to as wallets. Addresses can also be represented as a scannable QR code., they are designed to process SHA-256ASIC is an acronym for "Application Specific Integrated Circuit". They silicon chips specifically designed to do a single task. In the case of a cryptocurrency like bitcoin, they are designed to process SHA-256 hashing problems with the objective of mining new bitcoins. hashing problems with the objective of mining new bitcoins.

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