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What is a Scrypt coin ?
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Topic: What is a Scrypt coin ? (Read 944 times)
newIndia
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What is a Scrypt coin ?
January 30, 2014, 09:06:25 PM
#1
I hear people talking about Scrypt coins. Are alt-coins termed as Scrypt coin ?
Crypto India
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subvolatil
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Re: What is a Scrypt coin ?
January 30, 2014, 09:12:19 PM
#2
No Scrypt is the hashing algo used on altcoins. diferent alt coins may use different hashing algo.
Litecoin , feathercoin and Dogecoin uses scrypt .
Bitcoin uses sha256
coldbreeze16
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Re: What is a Scrypt coin ?
January 31, 2014, 03:49:24 AM
#3
Quote from: subvolatil on January 30, 2014, 09:12:19 PM
No Scrypt is the hashing algo used on altcoins. diferent alt coins may use different hashing algo.
Litecoin , feathercoin and Dogecoin uses scrypt .
Bitcoin uses sha256
Bitcoin is SHA256d, that's applying SHA256 over the hash derived from another SHA256. It's a variant of plain SHA256. Similarly scrypt may also be vanilla or there are variants like scrypt-chacha (YBcoin)
techguy
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Re: What is a Scrypt coin ?
January 31, 2014, 04:11:09 AM
#4
Quote from: newIndia on January 30, 2014, 09:06:25 PM
I hear people talking about Scrypt coins. Are alt-coins termed as Scrypt coin ?
Bitcoin is the god father of all coins and it uses SHA256 algorithm. Scrypt, SHA3, Dagger are other algorithms which will be used for POW (Proof of Work).
Altcoins can be SHA256 / Scrypt / CPU / Any new algorithm.
Go through
www.coinwarz.com
to get the list of Scrypt coins.
newIndia
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Re: What is a Scrypt coin ?
January 31, 2014, 02:18:42 PM
#5
Quote from: subvolatil on January 30, 2014, 09:12:19 PM
No Scrypt is the hashing algo used on altcoins. diferent alt coins may use different hashing algo.
Litecoin , feathercoin and Dogecoin uses scrypt .
Bitcoin uses sha256
Thanks subvolatil for the explanation.
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