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Title: Which protocol is better than CryptoNote or Scrypt? Post by: Btceon on September 02, 2019, 08:05:58 AM Hello to all! For fast transaction processing and security, which of the two protocols is better?
CryptoNote or Scrypt? https://en.wikipedia.org/wiki/CryptoNote https://en.wikipedia.org/wiki/Scrypt Title: Re: Which protocol is better than CryptoNote or Scrypt? Post by: NeuroticFish on September 02, 2019, 09:14:41 AM With CryptoNote you can make your coin anonymous, which can be good (it can indeed behave like cash) or bad (some exchanges/services may not accept it).
That's the real difference between them. Monero and Litecoin have shown that basically both are good. Title: Re: Which protocol is better than CryptoNote or Scrypt? Post by: xenomorphe1 on September 02, 2019, 09:31:48 AM CryptoNote coins were more preferred by GPU miners but now some of them are ASIC compatibles. Scrypt is preferred by ASIC miners.
CryptoNote is for anonymous coins. If you don't want people to know how many coins you possess, CryptoNote is better. Title: Re: Which protocol is better than CryptoNote or Scrypt? Post by: Red-Apple on September 02, 2019, 11:19:14 AM With CryptoNote you can make your coin anonymous, which can be good (it can indeed behave like cash) or bad (some exchanges/services may not accept it). you are thinking about the coins using these algorithms not the algorithms themselves. Cryptonote has nothing to do with anonymity, it is just like SHA256 and Scrypt. they are all cryptography functions used as proof of work (to hash the blocks/headers). Title: Re: Which protocol is better than CryptoNote or Scrypt? Post by: NeuroticFish on September 02, 2019, 01:39:48 PM With CryptoNote you can make your coin anonymous, which can be good (it can indeed behave like cash) or bad (some exchanges/services may not accept it). you are thinking about the coins using these algorithms not the algorithms themselves. Cryptonote has nothing to do with anonymity, it is just like SHA256 and Scrypt. they are all cryptography functions used as proof of work (to hash the blocks/headers). From what I know CryptoNote is a privacy-related protocol and CryptoNight is the Proof-of-Work algorithm like SHA256 and so on. Since the names are pretty similar I had to check Bitcoin wiki pages too on it: https://en.bitcoin.it/wiki/CryptoNight |