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Cryptocurrency Algorithms

SHA-256

SHA stands for 'Secure Hash Algorithm'. It is part of the SHA-2 family, the successor to the SHA-1 algorithm, which was used from 2011 to 2015. Research into weaknesses lead to revaluation and the creation of SHA-2. The SHA-256 algorithm generates a fixed 256-bit hash, which is near unique. The hash is not an encryption, it is one way and cannot be decrypted back to the original. This makes it one of the strongest hash functions available.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Bitcoin BTC $11,574.60 $194,656,842,490.00 9,788,960,000.00 16,817,587.00
Bitcoin Cash BCH $1,789.69 $30,288,982,014.00 784,523,000.00 16,924,150.00
BitcoinDark BTCD $203.58 $262,389,141.00 304,704.00 1,288,862.00
Namecoin NMC $4.32 $63,689,837.00 316,968.00 14,736,400.00
NuBits USNBT $0.997989 $11,882,805.00 11,026,800.00 11,906,749.00

EtHash

Ethash is a hashing algorithm used in Ethereum-based blockchain currencies. It is the successor to Dagger Hashimoto, designed to be ASIC-resistant. The algorithm is memory intensive, which deters from specialized ASIC hardware being an effective mining solution.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Ethereum ETH $1,050.72 $102,050,976,422.00 3,339,740,000.00 97,124,806.00
Ethereum Classic ETC $30.62 $3,039,829,008.00 381,175,000.00 99,285,010.00
Ubiq UBQ $4.62 $181,489,551.00 4,540,780.00 39,286,174.00
Metaverse ETP ETP $2.57 $95,397,458.00 5,588,200.00 37,050,147.00
Expanse EXP $5.52 $43,608,125.00 1,025,380.00 7,906,397.00

Scrypt

Scrypt, a memory intensive algorithm, is used by many cryptocurrencies as proof-of-work. Scrypt mining is usually performed using GPU's rather than CPU's, since they have more processing power, ideal to handle the large memory requirements of Scrypt. From May 2014, specialized ASIC mining hardware is available for Scrypt based cryptocurrencies.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Litecoin LTC $191.19 $10,488,670,404.00 460,026,000.00 54,859,358.00
Doge DOGE $0.007282 $821,956,365.00 21,691,900.00 112,867,799,719.00
Syscoin SYS $0.635414 $337,026,139.00 6,070,650.00 530,404,019.00
GameCredits GAME $3.94 $253,572,314.00 5,484,970.00 64,355,352.00
Bitconnect Coin BCC $19.23 $176,460,129.00 6,409,780.00 9,175,626.00
Gulden NLG $0.288729 $112,814,707.00 739,664.00 390,728,700.00
PotCoin POT $0.231245 $50,694,202.00 431,948.00 219,222,909.00

X11

X11, a hashing algorithm created by Dash core developer Evan Duffield in 2014, was well received by the mining community due to its energy-efficiency when mining with a home rig. It is more complicated than a SHA​-256 algorithm, which prevented the use of ASIC miners for a time. The algorithm uses 11 different hashes, hence the name, making it one safest and most advanced hashes in use by cryptocurrencies today.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Dash DASH $820.26 $6,424,074,674.00 109,183,000.00 7,831,802.00
Startcoin START $0.173844 $7,836,850.00 205,909.00 45,079,785.00

CryptoNight

CryptoNight runs in a semi random fashion and is a memory-hard hash function. It is designed to be mined inefficiently on GPU's and ASIC's, making it ideal for PC CPU's and mining rigs at home.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Monero XMR $350.13 $5,472,390,338.00 138,950,000.00 15,629,506.00
Bytecoin BCN $0.006731 $1,236,309,806.00 6,741,950.00 183,677,291,202.00
DigitalNote XDN $0.033920 $233,860,848.00 31,076,800.00 6,894,421,582.00
Aeon AEON $4.76 $73,235,876.00 280,435.00 15,387,919.00

Pascal

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Pascal PASC $2.83 $48,588,082.00 294,044.00 17,155,900.00

EquiHash

EquiHash, created by Alex Biryukov and Dmitry Khovratovich, was first unveiled in 2016, at the Network and Distributed System Security Symposium in San Diego. It is based on the Generalized Birthday Problem, a cryptography concept created in 1957. Equihash is memory-intensive, meaning the amount of mining you can do is governed by how much RAM you have.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Bitcoin Gold BTG $198.53 $3,330,959,096.00 194,507,000.00 16,777,861.00
Zcash ZEC $489.94 $1,522,261,908.00 95,454,900.00 3,107,044.00
Komodo KMD $6.75 $694,845,773.00 19,821,400.00 102,918,311.00

Blake2b

Blake2b is one of two algorithms based on BLAKE2, the other being Blake2s. Blake2b is optimized for 64-bit platforms, whereas Blake2s is optimized for 8 to 32-bit platforms. It is based on a stream cipher, known as ChaCha, designed by Daniel J. Bernstein. BLAKE2 targets the highest possible security for a hash function. As such, no attack has ever been found on BLAKE2 since its publication in 2012.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
RaiBlocks XRB $17.18 $2,288,792,539.00 16,408,800.00 133,248,289.00
Siacoin SC $0.043889 $1,377,958,018.00 124,962,000.00 31,396,146,174.00

Ouroboros

Ouroboros is unlike other algorithms, since it is the first blockchain protocol based on proof of stake, rather than proof of work. It has been mathematically proven to be secure. Proof of stake uses a lot less energy than proof of work, making mining an inexpensive endeavor.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Cardano ADA $0.615005 $15,945,278,016.00 815,334,000.00 25,927,070,538.00

X13

X13 is the same as x11, with its low energy usage, but instead using 13 different hashes, making the algorithm more secure and less energy efficient as more power is required.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Stratis STRAT $13.50 $1,332,531,193.00 34,162,600.00 98,709,670.00

SHA-512

SHA-512 is the same as SHA-256, however, it is 50% faster and uses a 64-bit platform, rather than a 32-bit platform. It uses more memory and more power.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
BitShares BTS $0.355485 $926,863,150.00 49,704,700.00 2,607,320,000.00

Blake2s

Blake2s is the second algorithm based on BLAKE2, the other being Blake2b. Blake2s is optimized for 8 to 32-bit platforms. Based on a stream cipher, known as ChaCha, BLAKE2 is one of the most securehash functions.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Verge XVG $0.104802 $1,519,416,328.00 206,614,000.00 14,497,970,727.00

Blake256

Blake256 is the predecessor to Blake2s.

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Decred DCR $100.05 $660,556,053.00 1,333,680.00 6,602,127.00

DPoS

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
EOS EOS $13.09 $8,106,429,567.00 2,783,070,000.00 619,359,858.00
Lisk LSK $22.08 $2,588,236,674.00 47,893,900.00 117,239,448.00

RPCA

Ripple Protocol Consensus Algorithm

Cryptocurrencies

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Coin Symbol USD Price Market Cap Volume Supply
Ripple XRP $1.39 $53,674,244,539.00 2,745,660,000.00 38,739,142,811.00