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SHA-256 & RIPEMD160: C# [38] dBFT: China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. 2014 MazaCoin: MZC BTC Oyate Initiative SHA-256d: C++ [39] PoW: The underlying software is derived from that of another cryptocurrency, ZetaCoin. 2014 Monero: XMR Monero Core Team RandomX C++ [40] PoW
Litecoin was a source code fork of the Bitcoin Core client, originally differing by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), faster difficulty retarget, and a slightly modified GUI.
It used SHA-256, a cryptographic hash function, in its proof-of-work scheme. [17] [18] In April 2011, Namecoin was created as an attempt at forming a decentralized DNS. In October 2011, Litecoin was released, which used scrypt as its hash function instead of SHA-256. Peercoin, created in August 2012, used a hybrid of proof-of-work and proof-of ...
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.
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The algorithm issues new coins to miners and was designed to be resistant against application-specific integrated circuit (ASIC) mining. Monero's privacy features have attracted cypherpunks and users desiring privacy measures not provided in other cryptocurrencies. A Dutch–Italian study published in 2022 decisively concluded "For now, Monero ...
Nano (Abbreviation: XNO) is a cryptocurrency characterized by a directed acyclic graph data structure and distributed ledger, making it possible for Nano to work without intermediaries.
The rise of cryptocurrency has created a demand for ASIC-based mining machines. Although most cryptocurrencies use the SHA-256 hash function, the same ASIC technology could be used to create hashcash solvers that are three orders of magnitude faster than a consumer CPU, reducing the computational hurdle for spammers.