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Bitcoin allows transactions to include scripts that can be used to create smart contracts. Bitcoin uses its own and unique scripting language. It is also possible to send Bitcoin to…

Scripting Language

The Bitcoin scripting language allows the creation of complex rules for the redemption of an input, such as multisignature and smart contracts. For security reasons, however, the number of OP…


Original name in bitcoind for a transaction input script. Typically, input scripts contain signatures to prove ownership of bitcoins sent by a previous transaction.


Scrypt is a type of cryptographic algorithm and is used by Litecoin. Compared to SHA256, this is quicker as it does not use up as much processing time. Scrypt is…

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