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 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. 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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