« Back to Glossary Index

It is an alternative proof-of-work or PoW algorithm to the SHA-256 and is used in Bitcoin mining. The scrypt mining depends more heavily on memory than on the pure CPU power. It aims to reduce the advantage that the ASICs possess and thus increase network participation as well as energy efficiency.

« Back to Glossary Index

Check Also


Coinbase Base Launch: A New Milestone In The Crypto Industry

Coinbase, the world’s leading cryptocurrency exchange, has recently launched a new feature called BASE, aimed …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.