#LitecoinETF The Litecoin development team originally chose Scrypt to prevent mining from being dominated by ASIC-based miners. This helps CPU- or GPU-based miners compete. Scrypt's mining algorithm is more memory-intensive, which was initially less suitable for ASIC miners and gave others more opportunities. However, ASIC miners capable of running Scrypt have improved over time. This means that CPU- and GPU-based miners no longer have valid mining tools due to their more limited computing power and ASIC miners are able to complete more hash functions per second.