Sentences with word «scrypt»

Thirdly, unlike Bitcoin which uses the SHA - 256 hashing algorithm, Litecoin uses Scrypt algorithm as its proof - of - work consensus mechanism.

Bitcoin uses the SHA - 256 hashing algorithm, while litecoin uses scrypt algorithm.

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

Five individuals have been named in a Florida lawsuit that involves an altcoin pump - and - dump and the fraudulent presale of scrypt mining ASICs.

Litecoin's original design was intended to prevent GPU mining and did so by using the memory intensive Scrypt hashing algorithm as opposed to the SHA - 256 algorithm used by Bitcoin.

Noirbits (NRB) uses scrypt as proof - of - work algorithm and will have more coins than Bitcoin will ever have as it will produce a total of 50,000,000 coins.

For instance, its mining algorithm is based on Scrypt instead of Bitcoin's SHA - 265, which makes it a potential alternative to Bitcoin if the latter's hashing algorithm breaks down.

With ASICs strengthening Bitcoin and possibly other SHA - 256 coins, and with the potential for Scrypt FPGAs for Litecoin, mining is at a crucial point.

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

Also note that the following guide and mining software is compatible with other Scrypt based cryptocurrencies such as Feathercoin, Dogecoin and Worldcoin.

Bitcoin uses the SHA - 256 hashing algorithm, whereas Litecoin uses Scrypt Proof of Work.

Litecoin uses an algorithm called Scrypt which determines the mining process for new coins.

While some could argue that Litecoin mining is becoming centralized due to the presence of Scrypt ASICs, it is still nothing like bitcoin mining is today.

Asp's core is built on PoW Scrypt and is designed to only process transactions onto the blockchain.

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.

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

BitConnect has also seen a high adoption rate among cryptocurrency enthusiasts, with one of the highest mining hash rates for Scrypt cryptocurrencies.

Scrypt relies on substantial amounts of memory, so is considered a «memory hard problem» — differing from SHA - 256, which is raw processing power intensive.

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

LNC is based on the most advanced mixed block chain technology, takes the optimized Scrypt algorithm as the core, and adopts the most innovative «POW+TPOS+POSL» consensus mechanism.

Key differentiators between Bitcoin and Litecoin have been a decreased block era time (2.5 minutes), an elevated most variety of cash (84 million), a distinct hashing algorithm (utilizing scrypt as a substitute of SHA - 256) and a modified GUI.

Litecoin uses the computing language scrypt in its proof - of - work algorithm.

MonaCoin began as a full - fledged scrypt - enabled P2P payment network along with the digital currency — MonaCoin.

American Coin mining is said to be much easier than Bitcoin mining, as it provides a memory hard scrypt - based mining system which can be mined with regular CPU and GPU.

Litecoin mining uses Scrypt protocol, instead of the SHA - 256 algorithm that Bitcoin uses.

All other protocols will be converted to their equivalent Scrypt Hashrate for appropriate judging, see the conversion tables below.

Scrypt seems to be the more memory driven of the two — despite, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies effectively, as there no ASIC's to compete with as of yet.

Scrypt favours large amounts of high - speed RAM, rather than raw processing power alone.

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.

Scan is offers custom frames for GPU miners, so it only makes sense that it would consider scrypt - based altcoins for payments.

A new generation of GPU mining was spawned by scrypt - based mining, and that new generation still exists today.

Scrypt also allows for a higher degree of parallel processing and is generally more accessible for new miners than a more traditional algorithm.

Another reason why Scrypt was chosen is to avoid giving an advantage to FPGA, GPU, and ASIC miners over CPU miners.

Lindacoin is a new exciting cryptocurrency that is based on the prominent Scrypt algorithm.

Litecoin's scrypt hashing algorithm is another huge advantage for newcomers to the cryptocurrency market as it makes it easier for miners to access the system.

While developing Tarsnap, Percival devised an algorithm called scrypt, which he estimates can make the «cost of a hardware brute - force attack» against a hashed password as much as 4,000 times greater than bcrypt.

A smart contract in Dogethereum will allow Ethereum to check Dogecoin's Scrypt proof of work.

An officially registered company, HashCoins offers two main types of cryptocurrency miners: SHA - 256 miners and Scrypt miners.

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.

SHA — 256 uses Apollo miner and scrypt mining uses Ares miner.