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Coinless protocol

Coinless protocol is built on the Ethereum blockchain and runs on smart contracts. Its purpose is to ensure autonomous management and the incentives for complying with smart contracts are built into the protocol itself.

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ASIC

This stands for “Application Specific Integrated Circuit”, which is designed for a specific purpose like mining. An ASIC is a specialized computer chip designed for a specific task, like mining cryptocurrencies. In simple terms, it's a custom-built hardware that focuses on efficiently performing a particular job, such as solving complex mathematical problems to validate and secure transactions on a blockchain. In the context of cryptocurrency, ASICs are commonly used for mining, providing higher processing power and energy efficiency compared to general-purpose computers.

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ASIC Resistant

ASIC resistant refers to cryptocurrencies designed to prevent users from mining with ASIC. It is a design or algorithm of a blockchain that aims to prevent or discourage the use of specialized mining hardware known as Application-Specific Integrated Circuits (ASICs). ASICs are highly efficient and powerful devices built specifically for mining certain cryptocurrencies, giving their owners a significant advantage over miners using standard computer hardware (CPUs or GPUs).

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