Details about Bitcoin Scrypt cryptocurrency
Bitcoin Scrypt
BTCS
2+ (click to see list)
2013-09-08
Scrypt
2
€135,469 ( 0%)
€0
21,000,000
19,608,218
1
Unknown
8687720x
€60021.6
Bitcoin Scrypt price charts
BTCS exchanges
Bitcoin Scrypt, the crypto
Bitcoin Scrypt (BTCS) is a cryptocurrency that is a fork of Bitcoin, using a modified version of the Scrypt algorithm for Proof-of-Work consensus instead of the SHA-256 algorithm used by Bitcoin.
The point
The main point of Bitcoin Scrypt (BTCS) is to provide a more energy-efficient alternative to Bitcoin by using a different algorithm that can be mined using consumer-grade hardware instead of specialized mining equipment. Additionally, BTCS has a faster block time than Bitcoin, which allows for quicker confirmation of transactions.
The problem
Bitcoin Scrypt (BTCS) tries to solve the problem of high energy consumption associated with Bitcoin mining that results from the use of the SHA-256 algorithm. By using the Scrypt algorithm, BTCS is able to be mined using less energy, which reduces the environmental impact of cryptocurrency mining while also making it more accessible to individual miners.
Compare BTCS and BTC performance
| Timeframe | BTCS | BTC |
|---|---|---|
| 1h change | 0 % | 0.208274 % |
| 24h change | 0 % | 0.847492 % |
| 7 day change | 16.61 % | 1.58229 % |
| 14 day change | -38.78 % | -7.78047 % |
| 30 day change | -66.86 % | -5.95001 % |
| 200 day change | -32.84 % | 129.061 % |
| Year change | 84.11 % | 137.437 % |