Sentences with phrase «utilizing scrypt»
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.
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Litecoin uses Scrypt in its proof of work algorithm, and this algorithm utilizes much less processing power than the Bitcoin SHA256 hashing algorithm.
Litecoin also uses the «Scrypt» hashing algorithm that utilizes much less processing power than the Bitcoin «SHA256» hashing algorithm.