Sentences with phrase «scrypt in»

Litecoin uses Scrypt in its proof of work algorithm, and this algorithm utilizes much less processing power than the Bitcoin SHA256 hashing algorithm.

Additionally, Anoncoin (ANC) uses scrypt in its proof of work algorithm and its network will produce 4.2 million ANC, which is much lesser than Bitcoin.

Not exact matches

In opposition, Scrypt calculations are not able to be parallelized like SHA - 256's calculations as they work in a serial manneIn opposition, Scrypt calculations are not able to be parallelized like SHA - 256's calculations as they work in a serial mannein a serial manner.

If you want full blocks, empty blocks, or no blocks at all with IOTA, if you want smart contracts or simple multi-sig scrypt, Lightning Network or Raiden, Rootstock or the EON lot, you can have what you want in the great cryptocurrency amazon.

In October 2011, Litecoin was released and became the first successful cryptocurrency to use scrypt as its hash function rather than SHA - 256.

Tokcoin is a decentralized currency, developed in a smart contract platform (Intelligent Contracts) with an exclusive Tokchain system that allows you to send encrypted messages, enter contracts, and other documents to keep them 100 % secure, performing P2P transactions with total security (Services the Brazilian Proof - of - Stake (PoS), which pays Tokcoin negotiated, fully corporate Scrypt PoW / PoS Hibrid algorithms for the development of Investment Funds in Crypto - Coins and Assets In the OTC (Over The Counter), taking as Bitcoin Investment Trust, with the creation of Tokcoin Investments Assets Digital (OTCMKTS: TOKINin a smart contract platform (Intelligent Contracts) with an exclusive Tokchain system that allows you to send encrypted messages, enter contracts, and other documents to keep them 100 % secure, performing P2P transactions with total security (Services the Brazilian Proof - of - Stake (PoS), which pays Tokcoin negotiated, fully corporate Scrypt PoW / PoS Hibrid algorithms for the development of Investment Funds in Crypto - Coins and Assets In the OTC (Over The Counter), taking as Bitcoin Investment Trust, with the creation of Tokcoin Investments Assets Digital (OTCMKTS: TOKINin Crypto - Coins and Assets In the OTC (Over The Counter), taking as Bitcoin Investment Trust, with the creation of Tokcoin Investments Assets Digital (OTCMKTS: TOKINIn the OTC (Over The Counter), taking as Bitcoin Investment Trust, with the creation of Tokcoin Investments Assets Digital (OTCMKTS: TOKIN).

The problem that Namecoin had to face is also a key reason why Litecoin's creator, Charlie Lee, decided to implement the Scrypt mining algorithm in Litecoin, another early altcoin.

If you want full blocks, empty blocks, or no blocks at all with IOTA, if you want smart contracts or simple multi-sig scrypt, Lightning Network or Raiden, Rootstock or the EON lot, you can have what you want in the great cryptocurrency amazon.

The consequences of using scrypt mean that there has not been as much of an «arms race» in litecoin (and other scrypt currencies), because there is (so far) no ASIC technology available for this algorithm.

The most common algorithm is SHA - 256 (used in bitcoin and all its forked coins), but some currencies like Litecoin use scrypt (read: ess - crypt) instead.

With Litecoin activating SegWit in a hail of fanfare, we thought it was a good time to review the most up - to - date Scrypt mining gear.

From a technical perspective, DigiByte has a highly advanced system in which miners can use any of five different mining algorithms including the popular SHA - 256 and Scrypt, which are the algorithms used by Bitcoin and Litecoin respectively among others.

b. Stability and security: Litecoin uses a Scrypt algorithm in lieu of Bitcoin's SHA - 256 algorithm.

Litecoin (LTC), the open - source blockchain based cryptocurrency was launched in the cryptocurrency market in 2011 by its founder Charlie Lee and the rest of the development team.It uses the Scrypt algorithm.

There are also ASIC's for scrypt which specifically solves the mathematical code in relation to altcoins such as Litecoin.

Given that Litecoin uses the Scrypt algorithm, this means that transactions can get completed in a much quicker time period.

Scrypt is a sequential memory - hard function requiring asymptotically more memory than an algorithm that isn't memory - hard, which means that you need more memory in your miners compared to blockchains that don't use Scrypt.

So far in 2017, cryptocurrency miners have taken over the market for consumer graphics processing units (GPUs), using the devices to solve the cryptographic puzzles required by ethereum (and other «scrypt» - based cryptocurrency protocols) and claim their lucrative rewards.

Due to the presence of Scrypt algorithm, the mining process of Litecoin using ASIC and FPGA is slightly more complicated in case of Litecoin.