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In cryptography, scrypt (pronounced "ess crypt" [1]) is a password-based key derivation function created by Colin Percival in March 2009, originally for the Tarsnap online backup service. [ 2 ] [ 3 ] The algorithm was specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory.
Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative, decentralized DNS. 2012 Peercoin: PPC Sunny King (pseudonym) [citation needed] SHA-256d [citation needed] C++ [14] PoW & PoS: The first cryptocurrency to ...
Scrypt, an alternative proof-of-work algorithm, is used for Litecoin. According to Motherboard, "Scrypt was chosen because it theoretically prevents the use of ASICs, those specialized chips that greatly increase mining power and efficiency (though there is debate over the validity of this claim).". [26]
GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. [1] Miners receive rewards for performing computationally intensive work, such as calculating hashes , that amend and verify transactions on an open and decentralized ledger.
Bitcoin is not going anywhere. And Bitcoin mining is not going anywhere either. The digital asset is the largest by market cap and takes the lion's share of investors' crypto interest. It is also...
Cloud mining is the process of cryptocurrency mining utilizing a remote data center with shared processing power. [1] Cloud mining has been used by ransomware groups and scammers to launder cryptocurrency. [2] This type of cloud mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware.
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.
An Australian man has been found not guilty of rape after blaming it on “sexsomnia.” Timothy Malcolm Rowland, 40, was found not guilty of rape after a seven-day trial after jurors agreed that ...