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> scrypt, powers a popular cryptocurrency with a market cap over 3 Billion USD For those who (like me) were wondering what cryptocurrency this was referring t
by thamer 6y ago
> scrypt, powers a popular cryptocurrency with a market cap over 3 Billion USD
For those who (like me) were wondering what cryptocurrency this was referring to: Litecoin has a ~$3B market cap and uses scrypt. Dogecoin also uses it but has a much smaller market cap, closer to $350M.
scrypt is an interesting choice for cryptocurrencies because it does not only need a significant amount of compute resources – which can be scaled using GPUs to perform huge amounts of work in parallel – but also requires large amounts of memory which is much more difficult to scale to the same level.