Equihash is a proof-of-work algorithm used by a number of cryptocurrencies. Equihash is notable for its memory-hardness, which makes it ASIC-resistant.
This allows miners to use commodity hardware, such as GPUs, to mine cryptocurrencies that use Equihash.
NOTE: Equihash is not an Ethereum-based technology, but rather a proof-of-work algorithm that is used by certain blockchain networks such as Zcash and Bitcoin Gold. Ethereum does not utilize Equihash, and it would be incorrect to assume that it does.
Some of the most well-known cryptocurrencies that use Equihash include Zcash, Bitcoin Gold, and Ethereum Classic. However, Ethereum is not one of them.
While there has been some discussion about whether or not Ethereum should switch to using Equihash, the Ethereum Foundation has stated that they have no plans to do so.
So, in short, no – Equihash is not an Ethereum.
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