Cryptocurrency Algorithms (Page 5)

A mining hash algorithm acts like a signature for a data file. An almost unique hash is created to validate a cryptocurrency transaction on the blockchain. A hash is a number generated from a string of text and depending on the algorithm, varies in length. The longer the hash, the stronger it is. Due to the length, it is almost impossible to create the same hash twice. However, a longer hash means more processing time. Hence why different coins, such as Bitcoin and Ethereum, have opted for different algorithms.

We've listed many of the cryptographic algorithms below. Click through to see which coins use it and a little bit about the algorithm.

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PHI

Cuckaroo29s

Ouroboros

1 Coin

Ouroboros is unlike other algorithms, since it is the first blockchain protocol based on Proof of Stake (PoS), rather than…

RPCA

1 Coin

Released in 2012, the Ripple algorithm, Ripple Protocol Consensus Algorithm (RPCA), is built on a distributed, open source internet protocol,…

X11GOST

1 Coin

X11GOST is a derivative of the X11 algorithm. The difference is that it is suitable for mining on GPUs. The…

Equihash 192,7

1 Coin

Based on the Equihash, mining operations with Equihash 192/7 require 25-30% less power. It is also ASIC resistant.…

Blake256r14

Double Skein

HybridScryptHash256

1 Coin

HybridScryptHash256 is a combination of both the Hash256 and Scrypt algorithms. It was first used by the Mediterraneancoin (MED) cryptocurrency.…

Blue Midnight Wish

1 Coin

Blue Midnight Wish, abbreviated to BMW, was submitted in 2012 to the SHA-3 National Institute of Standards and Technology (NIST)…

LBRY

1 Coin

This algorithm is a Proof of Work (PoW) algorithm using a combination of SHA-256, SHA-512 and RIPEMD (RACE Integrity Primitives…

Lyra2z330

1 Coin

Based on the original Lyra2 algorithm, the Lyra2z330 algorithm is designed primarily for CPU miners. This algorithm runs the most…

M7 PoW

1 Coin

Created by the developers of the Cryptonite (XCN) cryptocurrency, M7 PoW is a Proof of Work (Pow) algorithm, named after…

Mars

1 Coin

Invented in 1998 by the IBM Corporation, the Mars algorithm was the result of a twenty year long search of…

PoS 2.0

1 Coin

This is the second version of the Proof of Stake (PoS) and is much more secure than its predecessor.…

Veltor

1 Coin

Veltor is a custom algorithm, created for the Veltor cryptocurrency. Currently, Veltor is only used by the Veltor (VLT) coin.…

SkunkHash Raptor

1 Coin

SkunkHash Raptor is a new, updated version of the original SkunkHash hashing algorithm. The difference between SkunhHash and SkunkHash Raptor,…

SpreadX11

1 Coin

SpreadX11 is a hashing algorithm based on the classic X11 algorithm. The difference being that Spread X11 provides a sophisticated…
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