What are some examples of hashing in blockchain?
An example of an AI chatbot conversation about hashing in blockchain technology.
What are some examples of hashing in blockchain?
Hashing is crucial in blockchain for ensuring data integrity. Examples include SHA-256 used in Bitcoin and Keccak-256 in Ethereum.
How does SHA-256 work in Bitcoin?
SHA-256 takes input data and produces a fixed-size 256-bit hash. It ensures that even a small change in input results in a completely different hash.
Are there any other hashing algorithms used in different blockchains?
Yes, other algorithms include Scrypt in Litecoin and X11 in Dash, each designed for specific security and performance needs.
What role does hashing play in securing transactions?
Hashing secures transactions by linking blocks together, making it nearly impossible to alter any information without changing all subsequent blocks.
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