Cryptocurrency Q&A
Which crypto uses SHA-256?
Which crypto uses SHA-256?
Maria
Thu Dec 05 2024
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5 answers
1137
SHA-256 is a secure hashing algorithm commonly used in cryptocurrency. Bitcoin, one of the earliest and most prominent cryptocurrencies, utilizes SHA-256 in its blockchain for various purposes such as consensus mechanism, chaining of blocks, and digital signatures.
5 answers
Michele
Sat Dec 07 2024
Miners utilize SHA-256 to solve intricate mathematical problems, which serves as a verification process.
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Giulia
Sat Dec 07 2024
SHA-256 holds a pivotal role in the operation of Bitcoin.
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HanjiArtist
Sat Dec 07 2024
By solving these problems, miners contribute to maintaining the integrity and security of the Bitcoin network.
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Carlo
Sat Dec 07 2024
As a cryptographic hash function, SHA-256 is integral to Bitcoin's Proof of Work (PoW) consensus mechanism.
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GyeongjuGloryDaysFestival
Sat Dec 07 2024
This function is responsible for securing transactions within the Bitcoin network.
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