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
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Emission
The speed/rate at which new coins are minted and released as dictated by the protocols written.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Composability
Composability refers to the ability to combine different components of a software stack.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.