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A proof-of-work (POW) system is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.
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Is Ethereum ASIC resistant?
According to the Ethereum white paper:
The current intent at Ethereum is to use a mining algorithm where miners are required to fetch random data from the state, compute some randomly selected tr …