[ANN] New Hashing Algorithm Released - NeoScrypt

[krisdavison]

NeoScrypt is being adopted by Phoenixcoin on the 10th of August then Feathercoin (Date To Be Determined) followed by UFOCoin and OrbitCoin.

See full press release here.

http://www.feathercoin.com/neo-scrypt-press-release.pdf

[escalicha]

This is a good new, new algorithm!

[seedtrue]

cool starry

[Salt.Coin-Lead]

Looks like nothing new is coming into place except that it is like scrypt-n. Just more memory intensive then regular scrypt. Did I miss something important here? I get that it's faster on GPU / CPUS then current scrypt implementations would be, but honestly all of the coins posted so far are next to worthless in the long run.

[youknowthat]

dump ? i don't think so ....

[krisdavison]

No it's not like scrypt-n its an improved version of scrypt that deals with some of the known vulnerabilities. Its what Scrypt should have been. Obviously Scrypt was good for when it was created. But this is a more modern approach that will allow coins to become ASIC resistant again. At least for now.

I've read the white paper its very good. And should be available soon.

[Conqueror]

No it's not like scrypt-n its an improved version of scrypt that deals with some of the known vulnerabilities. Its what Scrypt should have been. Obviously Scrypt was good for when it was created. But this is a more modern approach that will allow coins to become ASIC resistant again. At least for now.

I've read the white paper its very good. And should be available soon.

+1 white paper looks good, I suggest to read it when published....

[Salt.Coin-Lead]

AM I missing something or is the press release all that you linked. Is that considered the whitepaper? Idk, I'll be trying this algorithm and hopefully it brings new life to coins, but im skeptical.

[krisdavison]

No your right its the press release only. White paper and github repo links still to come. it will be worth the wait!

[r3wt]

I stopped reading when the PDF referred to "ASIC" as Application Specific Integrated Chip.

reading further, it sounds like this is a reduced memory version of Scrypt Jane. that is to say, the scratchpad size in bytes is halved. we'll see when it
s all said and done whether this is anything new.

[krisdavison]

Thanks didn't spot that one. Will feed it back.

[BTMan]

good job for the new algo.

[Conqueror]

GitHub:
https://github.com/ghostlander/NeoScrypt

Whitepaper
http://phoenixcoin.org/archive/neoscrypt_v1.pdf

[ghostlander]

I guess it's better to keep the discussion in a single thread.

NeoScrypt: The Future of CPU and GPU Mining

[airon2014]

Oh, 3 million clones in line with 99% scams

[r3wt]

GitHub:
https://github.com/ghostlander/NeoScrypt

Whitepaper
http://phoenixcoin.org/archive/neoscrypt_v1.pdf

Looks ok to me. Hard to tell exactly whats changed without a diff.

[krisdavison]

Read the white paper. All will be explained. Thanks ghostlander for posting the links.

[kipo]

 a good new, new algorithm!