What is the Scrypt Algorithm and how does it work?
CryptoNight Algorithm The CryptoNight algorithm is a hashing algorithm used in several cryptocurrencies, including Monero (XMR) and Bytecoin (BCN). It is designed to be memory-bound and resistant to specialized mining hardware like ASICs, aiming to promote a more decentralized mining landscape. Here’s an overview of how the CryptoNight algorithm works: The combination of memory-bound operations, …