New answers tagged scrypt
No. Litecoin uses an algorithm called scrypt which has variables that determine the amount of CPU/RAM required to compute hash. Litecoin's scrypt parameters are fixed at N = 1024; p = 1; r = 1. (http://cryptocur.com/litecoin/) Users of Scypt for password hashing purposes should have the parameters set much, much higher which will put password cracking out ...
scrypt is designed to be expensive to implement in hardware because of the memory requirement. Technically it's possible to create an ASIC that will compute scrypt hashes, but such a device would require very large amounts of RAM and would be cost-prohibitive to produce.
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