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
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
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