Scrypt
By CoinGecko | Updated on Mar 03, 2020
In cryptography, scrypt (pronounced "ess crypto) is a an algoritm used in some proof-of-work cryptocurrencies. The algorithm was specifically designed to be computationally harder to mine by requiring large amounts of memory
Related Terms
Public Blockchain
An open sourced blockchain where participation is public and permissionless
Variable Buy/Sell Tax
On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
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