Cryptocurrency Q&A
Which algorithm is used in Bitcoin?
Which algorithm is used in Bitcoin?
KatanaBlade
Tue Dec 17 2024
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6 answers
966
I'm curious about the algorithm that powers Bitcoin. Which specific algorithm is utilized in the Bitcoin network for its operations?
6 answers
henry_grayson_lawyer
Thu Dec 19 2024
Cryptography plays a fundamental role in Bitcoin's operation.
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Stefano
Thu Dec 19 2024
Bitcoin employs the SHA-256 hashing algorithm for encryption purposes.
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JejuSunshineSoulMate
Thu Dec 19 2024
This algorithm is used to hash the data stored within the blocks on the blockchain.
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VoyagerSoul
Wed Dec 18 2024
The process involves converting transaction data into a secure format.
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Isabella
Wed Dec 18 2024
Specifically, the data is encrypted into a 256-bit hexadecimal number.
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