Glossary term

Scrypt

A power efficient hashing algorithm that is more RAM intensive than SHA-256, it saw its debut in the cryptocurrency market as the algorithm of choice for the Litecoin…

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

A power efficient hashing algorithm that is more RAM intensive than SHA-256, it saw its debut in the cryptocurrency market as the algorithm of choice for the Litecoin blockchain.