Quote from: whatsthestory on March 20, 2014, 09:08:22 AM

Quote from: DStrange on March 12, 2014, 03:58:32 PM

8. Specifications:

Algorithm: CryptoNight;

What's that? scrypt/quark/sha256/other?

Neither scrypt nor sha256.

As it' s said in their whitepaper CryptoNight is "a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to a slow memory and emphasizes latency dependence. As opposed to scrypt every new block (64 bytes in length) depends on all the previous blocks. As a result a hypothetical "memory-saver" should increase his calculation speed exponentially".
More info you can get by yourself here.

So scrypt gives us ASIC-resistance, but this algo is much better at this field.