What is the Blake256r14 Algorithm? Blake256r14 Coin List

-Cryptographic hash functions are essential security components in current computers
-There are four primary types of cryptographic hash functions: SHA-0, SHA-1, SHA-2, and SHA-3
-In 2007, the National Institute of Standards and Technology (NIST) began a public competition to develop new hash functions to replace SHA-2
-Blake256r14 is virtually the same as the original Blake256, with the only difference being the number of rounds of hashing
-Blake256r14 was constructed based on the Hash Iterative Framework (HAIFA), which improves the security of iterative hash functions
-Blake256r14 is not used widely as a hashing algorithm in crypto, with only one coin (Decred) utilizing the algorithm
-ASICs (Application Specific Integrated Circuits) are powerful, energy-efficient, and cost-effective machines for crypto mining
-ASICs can be exploited by corrupt miners to dominate and centralize the network
-Decred chose an algorithm that could be efficiently implemented in hardware because they believe that PoW would always lead to centralization

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What is the Blake256r14 Algorithm? Blake256r14 Coin List 2

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