What is the Scrypt Algorithm and How does it work?

Scrypt, a password-based key derivation function, and a Proof of Work(PoW) consensus hash function is a highly computationally intensive algorithm that takes a long time to solve. Authorized users can operate readily, whereas a hacker would seemingly take forever to solve. That quality makes Scrypt a secure algorithm and a potential alternative to Bitcoin’s SHA-256 algorithm. Let’s explore more about the Scrypt algorithm and how it works, mineable coins, etc, in this blog.