What is the Scrypt Algorithm and How does it work? from Crypto Miner Bros's blog

Scrypt, a password-based key derivation function, and a Proof of Work(PoW) consensus hash function is a highly computationally intensive algorithm that takes a long time to solve. Authorized users can operate readily, whereas a hacker would seemingly take forever to solve. That quality makes Scrypt a secure algorithm and a potential alternative to Bitcoin’s SHA-256 algorithm. Let’s explore more about the Scrypt algorithm and how it works, mineable coins, etc, in this blog.

What is the Scrypt Algorithm?
Developed by Colin Percival in March 2009, the Scrypt algorithm is one of the early algorithms that was an enhancement of the traditional algorithm, SHA-256. Scrypt is created as a password-based key derivation function that was ideally designed to prevent specific hardware-based unethical attacks.
To be precise, Scrypt is built for ASIC resistance, discouraging any privileged miner from taking advantage of the mining network with advanced mining hardware like ASIC. Since Scrypt is built computationally-intensive and highly memory-demanding to compute, it is quite challenging for any attackers to derive cryptographic keys or crack passwords. That adds an extra layer of security to the blockchain network.

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By Crypto Miner Bros
Added Mar 13



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