Scrypt
Scrypt is a type of mining algorithm that is different from the one used by Bitcoin. It requires more memory to solve problems, making it harder for specialized machines (ASICs) to dominate mining. This helps more people participate in mining and can improve energy efficiency.
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- ScriptA script is a set of instructions written in a programming language that tells a computer how to perform specific tasks.
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Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.