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Scrypt is used in many cryptocurrencies as a proof-of-work algorithm (more precisely, as the hash function in the Hashcash proof-of-work algorithm). It was first implemented for Tenebrix (released in September 2011) and served as the basis for Litecoin and Dogecoin , which also adopted its scrypt algorithm.
Proof of work (PoW) is a form of cryptographic proof in which one party (the prover) proves to others (the verifiers) that a certain amount of a specific computational effort has been expended. [1] Verifiers can subsequently confirm this expenditure with minimal effort on their part.
SHA-2: A family of two similar hash functions, with different block sizes, known as SHA-256 and SHA-512. They differ in the word size; SHA-256 uses 32-bit words where SHA-512 uses 64-bit words. There are also truncated versions of each standard, known as SHA-224, SHA-384, SHA-512/224 and SHA-512/256. These were also designed by the NSA.
SHA-384 and the lesser-known SHA-512/224 and SHA-512/256 are all variants of SHA-512. SHA-512 is more secure than SHA-256 and is commonly faster than SHA-256 on 64-bit machines such as AMD64. The output size in bits is given by the extension to the "SHA" name, so SHA-224 has an output size of 224 bits (28 bytes); SHA-256, 32 bytes; SHA-384, 48 ...
Hashcash is a cryptographic hash-based proof-of-work algorithm that requires a selectable amount of work to compute, but the proof can be verified efficiently. For email uses, a textual encoding of a hashcash stamp is added to the header of an email to prove the sender has expended a modest amount of CPU time calculating the stamp prior to ...
SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA) and first published in 2001. [3] [4] They are built using the Merkle–Damgård construction, from a one-way compression function itself built using the Davies–Meyer structure from a specialized block cipher.
SHA-256 is a cryptographic hash function that has this property. ... Although the property is very general, it is of particular importance to proof-of-work, ...
Equihash is a memory-hard Proof-of-work algorithm introduced by the University of Luxembourg's Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the 2016 Network and Distributed System Security Symposium.