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    Application Specific Integrated Circuit [ASIC]

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    Categories: Blockchain

    “Application Specific Integrated Circuit” – ASICs are silicon chips that are designed to perform one specific task; in the base of Bitcoin, ASICs process SHA-256 hashing problems to mine new bitcoins.

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    Justin Chan
    Dr Justin Chan founded datadriveninvestor.com, a media and tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at [email protected]