Cryptocurrency Q&A
Does Bitcoin still use SHA-256?
Does Bitcoin still use SHA-256?
MountFujiMysticalView
Wed Dec 04 2024
|
6 answers
559
I heard that there has been some progress in cracking SHA-256 hashes, with researchers successfully attacking 31-step SHA-256. Since Bitcoin uses SHA-256 for its addresses and mining, I'm wondering if Bitcoin is still secure with this hashing algorithm, or if there are plans to change it due to these new findings.
6 answers
Leonardo
Fri Dec 06 2024
SHA-256 is a cryptographic hash function that produces a unique 256-bit hash for any given input.
Was this helpful?
74
62
HanbokGlamourQueenEleganceBloom
Fri Dec 06 2024
Bitcoin transactions undergo a digital signing process utilizing the private keys of the senders.
Was this helpful?
57
26
SakuraDance
Fri Dec 06 2024
This digital signing serves as proof of ownership before any bitcoins are transferred.
Was this helpful?
96
71
CryptoQueen
Fri Dec 06 2024
The transaction data is first hashed using the SHA-256 algorithm.
Was this helpful?
56
75
BitcoinWarrior
Thu Dec 05 2024
After hashing, the resulting hash is then signed with the sender's private key.
Was this helpful?
99
27
Load 5 more related questions
