Startup Feature: Scrypt — Building on Litecoin | Boston Blockchain Week 2026

Thank you, Ian. I think he has a soft spot for me because we both have been in politics. You know, I want to, you know, thank you for your time in in public service. It's certainly not easy and um you know, no one does it for money, right? So, thank you for your work in that.

It's great to see other folks in crypto as well. Um so, my name is Corey Jones. We, my co-founder is Gabe Finn. Uh we started crypto mining about two and a half years ago. So Gabe reached out and he goes, "Let's start mining again."

So professionally, I work as a policy expert at the Department of Labor and Training. And so my response to Gabe, every few years, he called me and say, "Let's start mining." I would say, "Gabe, the regulations, right, the regulations are going to come down on us. Um, this isn't the right time. Let's see what happens."

And so this time, Gabe said, "The regulations have changed. You told me that, right?" And I'm like, "You're right." And he's like, "Let's mine." So we decide we're going to start mining.

So my policy mind the first thing I do is I start looking at what is the most sustainable or profitable coin to mine at that time. Um and that's how we ended up on Litecoin. So Litecoin is for the last five or 10 years has been the most sustainable coin for a couple reasons. One, the hardware for Litecoin lasts longer, right? It uses less energy.

It's um and it's just more sustainable because it has a more you know slower progressing uh hash rate. Another thing why Litecoin has been uh so sustainable in the last 10 years has been merge mining. So merge mining didn't start with Litecoin. It actually started with Bitcoin. Um Satoshi was actually uh one of the first f folks to talk about merge mining.

Uh but it became notable with Litecoin and we're going to talk about that in the next slide. So, the last reason why Litecoin was the right choice for us at this moment was that it has a lower barrier of entry. So, Litecoin has had miners that are right now you can get a Litecoin home miner for $500 and at the time for us it was $3,000. You can plug it into a regular outlet. You don't have to, you know, get the extra electrical capacity that you have to do with mining Bitcoin.

Um, and for this reason, we said, "All right, let's mine Litecoin." And so the moment we started mining Litecoin, I asked myself, why is it so much more sustainable than mining Bitcoin? Um, and the answer is simple. Dogecoin. We all know Dogecoin, but a lot of folks don't know in 2014, Dogecoin became merge minable on the Litecoin algorithm, script algorithm.

And the reason that was is because Dogecoin needed a strong way to secure its network. And they thought, let's use this thing, this relic called merge mining, which you know was first came with Namecoin for Bitcoin. If folks remember Namecoin in 2012, um, and let's use it to secure this this huge crypto network. Um, and it worked. We all remember the runs that Dogecoin would have to come.

Uh, but what a lot of people don't know is that there's about 18 other merge minable coins on the Litecoin network. And some of these are most notable is Digibite. But the rest of these are really low market cap coins. But this allows for the low inflation and emissions of Litecoin to exist, but in coexistence, high inflation from these other coins. So miners can hold their valuable coins, sell their their high inflation coins, and they're able to walk away with a profit and then also keep the integrity of Litecoin's 84 million.

So proofof work memecoins we believe is going to create the next Dogecoin moment. And so we built script wallet which we'll talk a little bit about but most importantly we built script bridge where we are going to allow users to wrap these merge mine coins and then be able to trade them on Phantom wallet on Soulflare using the Salana network. And this is so important for miners for a couple reasons. One interoperability. When you're mining these coins most people don't know where to sell them.

There's only a few exchanges that have enough liquidity. And so miners are autoconverting these coins through the mining pool and they're losing a ton of upswing, right? And when I say a ton of upswing, I mean Gabe and I should have made $1,000 from mining and we merged mine to Pepecoin, which is a layer one. It's a little confusing. Um, not the PEP on ETH, but we merged mine to Pepecoin and we got 3,000, right?

We got a 200% increase, right? Uh right now we're seeing the same thing with Lucky Coin which is up in the last 24 days or so about 300 or so percent, right? Um and so miners are missing this swing. The mining pools are taking this swing, right? And so we wanted to make a way so miners could take all their profits and they can maximize their mining profits.

This comes down to a fundamental philosophical, you know, kind of disagreement that I think we have with a lot of folks in crypto. For a long time, we've had the conversation of proof of work versus proof of stake, right? That these things are it's a zero- sum game and these things, you know, we're either one's going to win or the and the other's going to lose or the other's going to win and the other's going to lose, right? But our philosophy is is proof of work plus proof of stake. We believe that proof of work has a fundamental uh value that proof of stake doesn't have.

And we and we believe that proof of stake has a fundamental value that proof of work doesn't have. Proof of work is great for emissions. uh a lot of proof of work coins have been around for a long time. We don't need another blockchain in our uh philosophical uh view, right? And proof of stake allows the foundation in the platform for finite uh transactions for you know the ability to um you know kind of merge and consolidate these different liquidities uh pools across different networks.

Um and so we started building for this world, right? And what this unlocks for the people who we started building for, right? When we go back to the original uh part of our story, these merge miners, these miners of Litecoin, it unlocks an entire new world where you could be mining, you know, Lucky Coin and Pepecoin and all these other merge minable coins on the Litecoin network and then you can wrap them and then you could autoconvert that into stocks, right? So imagine a world where you know your Litecoin miner, your Bitcoin miner is quite literally mining Nvidia stocks, is quite literally mining SpaceX stock. Um, and that's the type of interoperability that Script Wallet and Script Labs is building out for miners, but also for the everyday consumer.

So Script Bridge is starting with low market cap merge mine coins for a few reasons. One, it's less risk, so we can work on getting the bridge right uh without playing around with a, you know, too much capital at one time. Two, it allows this kind of, you know, opportunity that we talked about before, the next Dogecoin moment, right? These low market cap proofof work coins are very popular in Asian markets because I think they're just a lot smarter than us, right? They're not buying on Salana meme coins.

They're buying these proofof work coins. um and to open it up to the networks on Salana is going to bring you know quite literally a 10x 100x opportunity for these small coin communities. All these coins have a different narrative. Uh, Lucky Coin has only 16 million in its total supply, even more scarce than Bitcoin, right? Um, Digibbyte is multialgo, so it has multiple algorithms that are supporting it.

And I'll talk a little bit at the end, I don't want to get too far ahead of myself about some of the other cool things that are happening on the script network. Another cool thing about Litecoin right now, um, is Mb. And so Mb is the Meimblewimble extension block. It is the ability to trade um just like Monero, just like Zcash, a privacy token, but on top of a well-known crypto that's been around for ages. And Mb is, you know, I think is is not the greatest name.

We like we call it privacy motor in our wallet to make it easier for consumers. But MB will allow institutional support in a in a crypto like Litecoin while also allowing for there to be a privacy option on top of that. So when you go to Coinbase and you, you know, go to sell your Monero because you're mining Monero, right? You can't sell it because they they don't want to touch it. They don't want to touch Zcash, right?

Um but they're already integrating Litecoin and this is just an extension on top of the Litecoin network. So we believe that this is one of the really hot narratives that are going to bring people to use our wallet. Um and making this experience as easy as possible, we think is going to be extremely important, which we've been working hard on. So a fundamental idea when we first started building script wallet, you know, was really simple. Gabe and I had come to the conclusion that most wallets are cluttered with noise.

They're filled with, you know, all these tokens that are copycat tokens or, you know, just plain crap coins, right? Um, and we wanted to build a wallet that was quality first. So what that means to us is permissionless edges meaning you have access to all the same decks on Salana. You have access to the decks on unis swap, right? But at the same time, we created what we call the trust layer where we make it easy for consumers that are new to crypto to come on and access tokenized stocks, access these tokenized well what will be these proofof work proof ofstake derivatives um through our bridge um and give them the opportunity to have a plethora of different levels of investments whether it's high-risisk meme coins or as lowrisk uh tokenized stocks right in one space where we take out the majority of the kind of coins that are going to go to zero.

Um, but we also still allow them to access this uh if you enter what we call the wilderness. So before I close uh I want to talk about you know some of the cool things that are happening in the script algorithm. So one we already talk about talked about and that was MWeb. Mb I believe is going to be revolutionary for crypto uh because the privacy coins just do not have a solution for institutional adoption. Mweb is that solution.

Litm. So LIVVM is a project that's working on a layer 2 for Litecoin. So Litecoin can operate on an arbitrum um rollup. Um and then Doge OS which is doing something similar. Uh just in the last 48 hours, we saw that Sunrise announced a Dogecoin um on Salana.

So this is where the industry is going to head. I I I truly believe that we're just ahead. Uh Digi Dollar. So, Digibbyte came out with the, to my knowledge, the first fully blockchainbased stable coin where, you know, you can uh collateralize Digibbyes and you can then get a, you know, like a stable coin denominated um coin in exchange for that that can then be burnt um in exchange to release those uh digibites. And this is completely through the core wallet.

So we'll be integrating it through script wallet but this is at the blockchain level right um which is extremely important for permissionless stable coins to exist um and then last coins like junkcoin which is one of the the merge mine coins um is integrating mbe as well right so these coins are working really hard to try to create a moat uh for why they will be a useful memecoin rather than just a memecoin that you know someone created who has a social media account with some followings, right? And so I'm going to show you a quick video of what we're working with. Is it working? So, yeah, it looked like it's not working, but if you go to um our Twitter on script wallet, you can see the video. Um, and we just show a little bit about what some of these features look like on our wallet.

And to close up, I'm going to show you guys u another project we're working on called Wallet Books. So what we've done is we've really went and took our time to reverse engineer what the existing traditional financial systems look like and what is missing in crypto. Um and one of these ideas that we spawned up and so that's why we're script labs. We're really a laboratory of ideas around blockchain. Um and that comes from my kind of policy background.

So one of these ideas that we came up with we call wallet books. Um and I have one on me today. We're not selling them just yet. Um, but Wallet Book is basically the crypto version of checkbooks. And I think this is going to be really important because people who aren't already holding a crypto wallet, how do you give them how do you gift them crypto?

How do we onboard these people? So, this holiday season, we'll be writing checks on the crypto network to all of our friends, families, relatives, um, that, you know, father-in-law who hasn't tried crypto out yet. um and allowing them to, you know, be able to hold $100 in Litecoin or $100 in Bitcoin and then we'll check back in in a year and say, "Hey, you cashed that out yet?" Um but we're also working with a company called Mocha to make these be able to be usable in transactions. Um so again, thank you Ian for this opportunity.

Thank you everyone for sitting here through this uh presentation and we're super excited to launch our version two of Script Wallet uh today. Thank you.