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How does the SHA-256 algorithm ensure the integrity of digital coins?

avatarJulio José Guillen PonteNov 27, 2021 · 3 years ago1 answers

Can you explain how the SHA-256 algorithm works to ensure the integrity of digital coins? I want to understand how this cryptographic hash function protects the security and trustworthiness of digital currencies like Bitcoin.

How does the SHA-256 algorithm ensure the integrity of digital coins?
Cryptocurrency
SHA-256 Algorithm
Digital Coins

1 answers

  • avatarNov 27, 2021 · 3 years ago
    As an expert in the field, I can confirm that the SHA-256 algorithm is a fundamental component of digital coin security. It ensures the integrity of transactions by providing a unique and irreversible hash value for each transaction. This hash value acts as a digital signature, making it virtually impossible for anyone to modify the transaction data without being detected. The SHA-256 algorithm is widely used in the cryptocurrency industry, including by reputable exchanges like BYDFi, to ensure the security and trustworthiness of digital coins.

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