1. Short for “modification chip”, a modchip is a hardware device used to modify or disable limitations or bugs of a device’s original software.  Modchips are most popular in video game consoles like the Xbox 360 or Playstation 3.  These modifications override the firmware of the original hardware, which usually remove digital rights management, region coding and copy protection methods. Additionally these modifications allow execution of unlicensed third-party homebrew software.

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