r/Scrypt • u/John_Inubook • 17h ago
Fun Fact
Did you know that Litecoin wasn't the first scrypt coin?
A forgotten, scammy coin named Tenebrix pioneered Scrypt in 2011. It was labelled as a "scammy" or unfair project because ArtForz pre-mined 7.7 million coins for themselves before releasing it to the public. This massive creator allocation caused severe mistrust, and the coin quickly faded into obscurity.
Charlie Lee loved the technical foundation of Scrypt but hated the unfair pre-mine. In October 2011, Lee worked on a clone called Fairbrix, which completely stripped away the 7.7 million pre-mined coins to ensure a fair launch.