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Crypto (a cryptocurrency)

Crypto (a cryptocurrency)

Crypto (CTO) was a lite version of Bitcoin using a Lyra2RE as a proof-of-work algorithm.

Overview

Crypto was a lite version of Bitcoin that used Lyra2RE as a proof-of-work algorithm. The currency could be obtained by mining or trading for Bitcoins and was intended to include features such as anonymity with stealth addresses and ASIC-resistance through the proof-of-work algorithm. The Crypto coin was an altcoin, which worked to fix a problem of cryptocurrency's dilution problem, with the coin reducing the amount distributed to miners every ten days, intended to fix the inflation issue.

The ASIC-resistant design, with ASIC standing for application-specific integrated circuit, which are devices used by miners to mine coins faster than a standard computer, was enforced by the Lyra2RE algorithm, which Crypto used for hashing transactions. This made it impossible to mine Crypto with anything but a standard computer. As well, Crypto used Dark Gravity Wave 3, with only 30-second block times, which is intended to prevent Crypto to be subject to merged mining.

Crypto was started in April 2015, when it was initially listed on exchanges. However, since 2015, there has been little to no community activity around the coin, and it is no longer listed on any exchanges, suggesting the coin is no longer active or in circulation.

Timeline

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
September 19, 2021
The Economic Times
Exchanges see surge in signups by young and savvy pros from Patna, Bhopal, Vadodara during pandemic.
Pip Murrison
September 13, 2021
Express.co.uk
INVESTING in cryptocurrencies has surged in popularity in recent years - but could doing so become more expensive in the future? What do the experts predict for the future of crypto?
September 11, 2021
https://www.outlookindia.com/
This week, we bring you SaleAssist.a and Vitra.ai - two start-ups which are using artificial intelligence to help companies gain more customers online
September 5, 2021
The Economic Times
In recent months, top officials from the Federal Reserve and other banking regulators have urgently begun what they are calling a "crypto sprint" to try to catch up with the rapid changes and figure out how to curb the potential dangers from an emerging industry whose short history has been marked as much by high-stakes speculation as by technological advances.
Katie Sewell
September 3, 2021
Express.co.uk
CRYPTOCURRENCY has grown in recent years, so much so there are now countless cryptocurrencies on the market. According to crypto experts, five cryptocurrencies are gaining a lot of attention recently.
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References

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