Zcoin Creates Algorithm to Avoid Bitcoin’s Mining Centralization Problem

The algorithm is meant to keep verification times on par with Bitcoin without requiring a lot of computer memory.
Zcoin, a cryptocurrency using the Zerocoin Protocol and Zero-Knowledge proofs for privacy and anonymity, today announced the public release of its working implementation of MTP (Merkle Tree Proof) as a proof-of-work (PoW) algorithm.
In an effort to promote egalitarian computing, MTP aims to establish the same price/cost for a single computation unit on all platforms, keeping a single device from gaining a significant advantage for the same price.