What is Equihash?

Equihash is an architecturally sound Proof-of-Work (PoW) cryptocurrency mining — or hashing — algorithm. The framework is designed to be application-specific integrated circuit (ASIC)-resistant and highly scalable. It is also designed to remove the centralization of large corporations operating cryptocurrency mining hardware. The algorithm was created by Alex Biryukov, Dmitry Khovratovich, and other cryptographers at the University of Luxembourg prior to its mainstream introduction in 2016.