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#80 – Vitalik Buterin: Ethereum, Cryptocurrency, and the Future of Money
Lex Fridman Podcast
SHA-256 and ASICS in Cryptography?
In the case of Bitcoin, there is an algorithm called the SHA-256. It's just a hash function. And so because the hashes are designed to be random, you just have to keep on trying different numbers until one works. The ASICS are like specialized circuits that contain and circuits for evaluating this hash over and over again. In the ASICS, there's literally specialized hardware designed for this.
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