Crypto terminology: "SHA-256"

in #cryptocurrency • 7 years ago

Crypto Terminology (24).jpg

SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash Algorithm. Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed "hash" (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data's integrity. A one-way hash can be generated from any piece of data, but the data cannot be generated from the hash.

In the Bitcoin network:

  • Bitcoin network uses SHA-256 as its proof of work algorithm
  • SHA-256 is used in the creation of bitcoin addresses
#crypto #bitcoin #mining
7 years ago in #cryptocurrency by
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