Karlsenhash is the proof-of-work algorithm employed by the Karlsen cryptocurrency. It is a memory-intensive hashing algorithm based on the heavyhash algorithm and uses SHA-3. This means a significant amount of RAM is required for efficient mining. The memory intensity serves to make the network more ASIC-resistant, as the development and deployment of ASICs with massive amounts of high-speed RAM is a complex and costly endeavor. The SHA-3 foundation provides a well-understood cryptographic primitive upon which to build the mining process.
The adoption of this algorithm is crucial for fostering a more decentralized mining ecosystem. By increasing the barrier to entry for specialized hardware, it levels the playing field, allowing for broader participation from miners using readily available hardware components like GPUs and CPUs. This design decision aims to prevent the concentration of mining power in the hands of a few large entities, thus enhancing the security and resilience of the network. The historical context involves a conscious effort to move away from algorithms that are easily dominated by ASICs.
