Built based on the Hash Iterative Framework (HAIFA), Blake256r14 addresses the security issues and complexities associated with the Merkle and Damgard hash function. Blake256r14 has 14 rounds of hashing as it increases the security and speed of iterative hash functions.
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Moreover, experts and renowned crypto analysts reviewed Blake256r14 carefully by subjecting it to brutal attacks and ensuring it is free of security flaws. Furthermore, Blake256r14 enables efficient hardware implementation, encouraging the need for stronger proofs for network security.
However, Blake256r14 is not a widely used hashing algorithm in cryptocurrencies. The only cryptocurrency that uses the Blake256r14 algorithm is Decred.
What is ScPrime?
ScPrime is a cryptocurrency project targeting public cloud services with a blockchain based ecosystem to pay individuals to store data around the globe using smart contracts and cryptographic proofs to ensure accuracy, security and redundancy.
ScPrime is a layer 1 blockchain based on Proof of Work ASIC mining and state channel smart contract scripts tying Storage Providers together. The network is based on the original Sia renter-host protocol and uses 256-bit encryption and erasure codes to create a highly durable and secure public distributed cloud service. Anyone may participate as a storage node and be paid in the utility coin known as SCP. Open-source software allows users to build generic configurations while commercial implementations like the XaMiner deliver a plug & play experience.
A layer 2 reference implementation brings real world access to the network with a core client software called a Relayer, which can be configured as an on-premise or in-cloud instance to access the network with full compatibility with widely used cloud protocols like AWS S3. Customers using this client pay with traditional methods and have a wide array of features allowing for a drop-in replacement of their current cloud uses.
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