Cryptocurrency Q&A
How does hash160 work in Bitcoin?
How does hash160 work in Bitcoin?
DigitalLegendGuard
Fri Jul 12 2024
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5 answers
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Could you elaborate on the workings of hash160 in the context of Bitcoin? Specifically, how does it contribute to the overall security and integrity of the Bitcoin network? What role does it play in transactions and how is it utilized to ensure the uniqueness and authenticity of addresses? Additionally, could you explain the hashing algorithm behind hash160 and how it differs from other hashing functions? Understanding the intricacies of hash160 in Bitcoin is crucial for a comprehensive grasp of the cryptocurrency's fundamental architecture.
5 answers
Chiara
Sun Jul 14 2024
This combined SHA-256 + RIPEMD-160 approach serves a specific purpose in Bitcoin: to shorten a public key or script before converting it into an address.
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Caterina
Sun Jul 14 2024
The HASH160 methodology in Bitcoin remains infrequent in its application.
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Lucia
Sun Jul 14 2024
Notably, HASH160 is only utilized in the construction of legacy addresses within the Bitcoin network.
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GeishaWhisper
Sun Jul 14 2024
The process involves initially passing the data through the SHA-256 hashing algorithm.
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Silvia
Sun Jul 14 2024
The result of this SHA-256 hashing is then further processed through another hash function, specifically RIPEMD-160.
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