Love of money can cause people to do unwise things—like stealing time on your university's resident supercomputer to mine crypto-coins. The Harvard Crimson is carrying the story of someone who did exactly that: an unnamed individual who was discovered using Harvard's Odyssey supercomputing cluster to generate dogecoins.
Calling itself the world's "first virtual currency," Bitcoin offers the …
"Wow," you might say, amazed. Dogecoins are one of the multitude of roll-your-own cryptocurrencies that have lately sprouted like weeds in an unkempt vegetable garden. Like most of them, the code that powers Dogecoin's blockchain and network is forked from Litecoin, which was originally billed as a lighter-weight alternative to Bitcoin. Dogecoin (and Litecoin and Coinye and many others) use the scrypt cryptographic algorithm to generate hashes and drive the currency along; media-darling Bitcoin, on the other hand, is based around a different algorithm (SHA256). The currencies are all similar to each other, though they are (generally) incompatible and (typically) do not interoperate. (There are caveats, but cryptocurrencies are complex and I'm trying to keep this relatively short—check here for the full details on how and why cryptocurrencies work.)
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