Scrypta: the first all-Italian blockchain and its Lyra cryptocurrency

Giuliano Rosa
3 min readJan 31, 2021

Scrypta is an open source peer-to-peer infrastructure and its blockchain is based on the Proof of Stake (Pos) protocol. Lyra cryptocurrency staking therefore contributes to block validation and blockchain security.
Scrypta, all-Italian innovation. Scrypta’s vision is based on a decentralized digital infrastructure with the aim of simplifying and making data management, archiving and certification processes more efficient.

The project is not limited to the usual economic sector to which almost all cryptocurrencies aim but also intends to embrace the productive and social one. All thanks to a flexible system that allows you to create complete architectures for unlimited projects and new use cases.

Unlike Ethereum mining which relies on computing power to validate transactions, Scrypta uses a Proof of Stake (PoS) consensus protocol. Possession of the cryptocurrency on one’s wallet contributes to securing the network.

As this is an open-source project, at an advanced stage, both developers and organizations can independently design and test new applications by exploiting the Scrypta blockchain.

The platform created by the founders of Scrypta is heterogeneous and complete in all its parts. Not only blockchain but also a Foundation with the aim of making the project known in Italy and in the world, a Consortium to allow the companies that join the network to collaborate with each other, a community on Discord that grows hand in hand with the project.

Also available are a Shop section, both the physical and desktop wallet (for all the most popular operating systems) and a Wiki section as rarely seen in the past in the blockchain sector.

Scrypta Foundation:
The Foundation’s goal is to spread the objectives that Scrypta sets itself as well as to protect the brands and projects related to its infrastructure.

Coordinate a dense network of collaborations between users, developers, companies, professionals, public administrations who choose the Scrypta blockchain for work and social purposes.

Improving data security means improving the way we relate thanks to a greater reliability of the structure with which we operate and work.

Consortium:
Consortium is a “Network Contract” that coordinates and regulates the initiatives of companies during their activity aimed at creating new business models and smart economy.

A new form of collaboration that allows all these companies to approach new innovative skills by exploiting the Scrypta Blockchain. Both in full autonomy and collaborating with the other participants in the network.

Scrypta is not just a blockchain created to generate cryptocurrencies but it sets itself much broader objectives. Participating in the Consortium helps to refine one’s ideas and find solutions to the problems of an increasingly frenetic and difficult market for the smallest interlocutors.

The potential of this form of collaboration is practically infinite. The Scrypta team immediately shows a very high level of knowledge of the sector that will certainly be made available to those still immature blockchain-technology companies.

Shop:
The Scrypta online store is also clear, complete and at an advanced stage.
A totally exhaustive description is available for each item that allows even newbies to the blockchain to fully know what you are subscribing to and what you are buying.

This article does not claim to be exhaustive on Scrypta but has the purpose of making the quality of the project known to web users. For further information, we report below a series of useful and indispensable links to know the Scrypta blockchain in detail.

Useful links:

Website: https://scryptachain.org/

Foundation: https://scrypta.foundation/

Consortium: https://scryptaconsortium.org/

Wiki: https://scrypta.wiki/it/#/

Community: https://discord.com/channels/534318313862332426/535158827872550923

Shop: https://scrypta.shop/

Coinmarketcap: https://coinmarketcap.com/it/currencies/scrypta/

Exchange: https://mercatox.com/exchange/LYRA/USDC

If you liked this article and would like to contribute with a donation:

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