What is hashing in blockchain technology?
An example of an AI chatbot conversation about hashing in blockchain technology.
What is hashing in blockchain technology?
Hashing in blockchain is a process that converts data into a fixed-size string of characters, which is unique to the original data.
Why is hashing important for blockchain security?
Hashing ensures data integrity and security by making it nearly impossible to alter the data without detection.
Can you explain how hashing works in a blockchain transaction?
Sure! When a transaction occurs, it is hashed, and the hash is included in the next block, linking them securely.
What happens if two transactions produce the same hash?
This is called a hash collision, and while theoretically possible, it's extremely rare due to the complexity of hashing algorithms.
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