An Overview of The Scrypt Mining Algorithm

Data mining is crucial in ascertaining the integrity of transactions on the blockchain. Apart from allowing for transaction verification, it prevents double-spending by arresting fraudulent activity. The market is awash with crypto mining algorithms; each of them is fighting for market share, and like any other, the Scrypt mining algorithm is among them. So what is Scrypt? What are its advantages and practical applications? Join us as we dissect this topic. First, though, let us briefly define it. Scrypt is a…