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Title: For a consumer, which is better? SHA256 or Scrypt? Post by: UnNamedCoin on April 01, 2014, 12:37:36 AM Taking mining out of the picture for a minute, which is better SHA256 or Scrypt?
The reason I am asking is based on security and also confirmation times. If someone was shopping, it would make a difference, if they had to stand around while the merchant "confirms" transactions. Is it true that Scrypt is quicker in this aspect? Title: Re: For a consumer, which is better? SHA256 or Scrypt? Post by: Calhil on April 01, 2014, 12:51:55 AM Hashing algorithm has nothing to do with transaction confirmation time. Once you send a transaction and the other sides client sees it, it is almost as good as being confirmed on the blockchain.
I dont think you should worry about the security aspects of those algorithms. If any of them is be compromised you would have much more important things to worry about than your coins. Title: Re: For a consumer, which is better? SHA256 or Scrypt? Post by: Zzzack on April 01, 2014, 03:13:22 AM Hashing algorithm has nothing to do with transaction confirmation time. Once you send a transaction and the other sides client sees it, it is almost as good as being confirmed on the blockchain. I dont think you should worry about the security aspects of those algorithms. If any of them is be compromised you would have much more important things to worry about than your coins. Confirmation times doesn't matter much. Quark is by far the fastest coin in terms of tx time and it doesn't help its price. Title: Re: For a consumer, which is better? SHA256 or Scrypt? Post by: troy112 on April 01, 2014, 03:17:01 AM But script is new should,'t have better security?
and what about the new script -jane Title: Re: For a consumer, which is better? SHA256 or Scrypt? Post by: softron on April 01, 2014, 07:16:24 AM I think sha 256 >and scrypt are on same security level. Confirmation will depend on d coin itself
Title: Re: For a consumer, which is better? SHA256 or Scrypt? Post by: markm on April 01, 2014, 07:21:27 AM The SHA256 family of merged mined coins has a 1.5 minute blocks member (I0Coin) and a only a few seconds blocks member (GeistGeld).
So far even the 1.5 minutes block speed has not seen much consumer demand, let alone the only a few seconds one. -MarkM- |