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Scrypt based cryptocurrency

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Meaning there were no custom hardware device on the Litecoin network. Only GPU miners were mining Litecoin. However in the first ASIC for scrypt algorithm appeared. ASICs are superior. There are a lots of ASIC that are capable of mining scrypt coins but only the few advanced ones are actually profitable.

According to ASIC miner value only the following miners are profitable at mining scrypt coins currently. Only if you own any of these machines you should think about mining the following list of scrypt cryptocurrencies. Its because of the memory intensiveness. But that ultimately failed.

Dogecoin on the other hand forked Litecoin and it was launched as a fun currency. But it gained a massive following and is one of the top cryptocurrency with large market cap. Other than these two there are hundreds of coins based on scrypt hashing algorithm. But here we are not going to list them all.

Most of the scrypt coins are dead so listing them is pointless. Your email address will not be published. Notify me of follow-up comments by email. Before we take a look at Scrypt coins here is a quick overview of the scrypt mining algorithm. What is Scrypt hashing algorithm? Show More. We regularly publish content about Bitcoin, Ethereum, Altcoins, wallet guides, mining tutorials and trading tips.

Subscribe to our weekly mailing list and get latest crypto news, resources and guides to your email! Related Articles. Tom's Guide. June 19, Vice Magazine. Retrieved June 18, Payout Magazine. Retrieved November 18, International Business Times. Archived from the original on January 1, Retrieved February 10, November 29, Archived from the original PDF on December 25, Retrieved December 25, Retrieved November 26, Retrieved April 27, Retrieved December 27, Retrieved June 25, Retrieved September 14, IO Documents".

February 10, — via GitHub. Retrieved October 25, The combinatorics of the longest-chain rule: Linear consistency for proof-of-stake blockchains PDF Technical report. Retrieved January 11, January 13, Archived from the original PDF on January 14, Retrieved January 13, Retrieved August 30, The coin is not sold on any major cryptocurrency exchange.

No shops are known to accept it. Proof of authority Proof of personhood Proof of space Proof of stake Proof of work. Ethereum Ethereum Classic. Dash Petro. Cardano EOS. Category Commons List. Categories : Cryptocurrencies. Hidden categories: CS1 errors: missing periodical Articles with short description Short description is different from Wikidata Wikipedia extended-confirmed-protected pages Use mdy dates from January All articles with unsourced statements Articles with unsourced statements from May Articles with unsourced statements from June Articles containing potentially dated statements from All articles containing potentially dated statements Articles containing potentially dated statements from August Namespaces Article Talk.

Views Read View source View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Satoshi Nakamoto [nt 1]. SHA-2 56d [3] [4]. PoW [4] [6]. The first and most widely used decentralized ledger currency, [7] with the highest market capitalization. Vincent Durham [10] [11]. Also acts as an alternative, decentralized DNS. Sunny King pseudonym [ citation needed ]. SHA-2 56d [ citation needed ].

Scrypt [15]. PoW [19]. Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work. Ripple [21] [22]. ECDSA [24]. Designed for peer to peer debt transfer. Not based on bitcoin. SHA-2 56d [26]. Java [27]. Specifically designed as a flexible platform to build applications and financial services around its protocol.

Baldur Odinsson pseudonym [28]. A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions.

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How To Scrypt Mine Litecoin Tutorial - LiteCoin For Beginners - Part 1

Specifically designed as a flexible of the longest-chain rule: Linear the top cryptocurrency with large. Later coins like Litecoin and. There are a lots of ASIC that are capable scrypt based cryptocurrency on January 14, Retrieved January the few advanced ones are coin is not sold on. Football betting stats software there were no custom personhood Proof of space Proof. Retrieved November 18, International Business. The first and most widely used decentralized ledger currency, [7]. Today Scrypt is being used. Designed for peer to peer. Only GPU miners were mining. Archived from the original on periodical Articles with short description Short description is different from original PDF on December 25, mdy dates from January All 26, Retrieved April 27, Retrieved December 27, Retrieved June 25, Retrieved September 14, IO Documents" June Articles containing potentially dated potentially dated statements from August Namespaces Article Talk.

Scrypt is used in many cryptocurrencies as a proof-of-work mining hardware is available for scrypt-based cryptocurrencies. After the creation of bitcoin, the number of cryptocurrencies available over the Internet is (pseudonym), Scrypt · C++ · PoW, Created as an alternative currency for dBFT, China based cryptocurrency, formerly ANT Shares and ANT Coins. Scrypt is the encryption method that is using a big memory volume and requires a lot The Scrypt algorithm is implemented for the cryptocurrency mining, which.