Scrypt is a type of mining algorithm used by major cryptocurrencies such as litecoin and novacoin. It has one major advantage over other algorithms such as SHA-256 in that it’s quicker and easier to use. It doesn’t use up as much computer processing, so individual miners can more readily process blocks of data with it.
Related Terms
Litecoin (LTC) is a type of cryptocurrency that enables instant payments to anyone in the world.It was created by Charle Lee, a former Google employee, in 2011.Litecoin functions similarly to...
An order block is an area where there has been a large concentration of limit orders waiting to be executed.
HFT, known as High-Frequency Trading, is the process of using computer programs running complex algorithms to make trades very quickly.HFTsemploy market making, arbitrage, and/or momentum trading...
SHA (Secure Hash Algorithm) is a cryptographic hash function programmed by the National Security Agency of United States.
A commodity isa raw or unprocessed material that can be bought or sold and is used to make something else that eventually is consumed.Commodities are used as materials inthe production of goods...
