Cryptographic Hash Functions

Hashing is used extensively in Bitcoin, from data structures to mining, transaction IDs, and more. Hashing algorithms have many properties that make them very useful. But not all hashing algorithms are the same. SHA256, the algorithm that Bitcoin uses, is well suited to Bitcoin's needs. 

This brief video will introduce you to the basics of hashing.

Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-cryptographic-hash-function
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Wednesday, January 24, 2024, 2:41 PM