Equihash is a Proof-of-Work algorithm used by Zcash, Komodo, ZenCash, and numerous other cryptocurrencies.
The Generalized Birthday Problem is a common tool in cryptography and has been widely studied by computer scientists. Represented in layman's terms, it says that in a random sample of 23 people, there are roughly 50-50 odds that two people in the group will share the same birthday.
Equihash 144,5 - The New Algorithm That Requires 2.5GB of Memory
June 12th, 2018