Askcoin is a cryptocurrency for real-time Q&A. It was born to achieve freedom of question-and-answer worldwide. It's decentralized and ASIC-resistant, this is achieved by a new POW consensus algorithm.
As we all know, bitcoin is mined by calculating sha256, so whoever calculates sha256 fast will be able to produce new blocks before anyone else, this is exactly what ASIC mining machines on the market are good at.
In order to weaken the advantages of ASIC mining machine, the mining algorithm of askcoin uses sha256 combined with memory loading to resist ASIC machine. In askcoin, the speed of mining depends mainly on the speed of memory load, not the speed of sha256 calculation.
You can click the following link for more information:
https://bitcointalk.org/index.php?topic=5104959
