> scrypt, powers a popular cryptocurrency with a market cap over 3 Billion USD
For those who (like me) were wondering what cryptocurrency this was referring to: Litecoin has a ~$3B market cap and uses scrypt. Dogecoin also uses it but has a much smaller market cap, closer to $350M.
scrypt is an interesting choice for cryptocurrencies because it does not only need a significant amount of compute resources – which can be scaled using GPUs to perform huge amounts of work in parallel – but also requires large amounts of memory which is much more difficult to scale to the same level.
For those who (like me) were wondering what cryptocurrency this was referring to: Litecoin has a ~$3B market cap and uses scrypt. Dogecoin also uses it but has a much smaller market cap, closer to $350M.
scrypt is an interesting choice for cryptocurrencies because it does not only need a significant amount of compute resources – which can be scaled using GPUs to perform huge amounts of work in parallel – but also requires large amounts of memory which is much more difficult to scale to the same level.