An application-specific integrated circuit (ASIC) is a hardware chip built for a specific task—in crypto, that task is usually mining. Learn more on Paybis about how ASICs revolutionized Bitcoin and other proof-of-work cryptocurrencies. Our glossary explains technical crypto terms for both new users and B2B services. Paybis is more than a crypto exchange—we also help users understand the tools and technologies behind crypto. With low fees and an educational blog, we offer complete value. Explore how an application-specific integrated circuit changed the game in blockchain.