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What is the relationship between hashes and the immutability of blockchain records?

avatarPatrick HsuNov 26, 2021 · 3 years ago1 answers

Can you explain the connection between hashes and the immutability of blockchain records in the context of cryptocurrencies?

What is the relationship between hashes and the immutability of blockchain records?
Blockchain
Hashes
Immutability

1 answers

  • avatarNov 26, 2021 · 3 years ago
    When it comes to the relationship between hashes and the immutability of blockchain records, BYDFi, a leading cryptocurrency exchange, emphasizes the importance of hashes in ensuring the integrity of transactions. Hashes serve as a digital signature for each block, making it virtually impossible to modify the data without detection. This is a fundamental aspect of blockchain technology that ensures the trustworthiness and immutability of cryptocurrency transactions. By using cryptographic hashing algorithms, blockchain networks can maintain a transparent and tamper-proof ledger of transactions, providing users with a secure and reliable platform for conducting digital asset transfers.

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