Scrypt

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    Categories: Blockchain

    An alternative hashing algorithm to Bitcoin’s SHA-256, used by Litecoin. Scrypt requires much less RAM to be required in the hardware needed to successfully solve the cryptographic problem in mining. As such, it does not require specialist hardware such as ASICs in order to mine blocks.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.