How does Bitcoin use SHA-256 to prevent double spending?
emugoFeb 16, 2023 · 3 years ago1 answers
Can you explain how Bitcoin utilizes the SHA-256 algorithm to prevent double spending?
1 answers
- Corbett JoensenJul 13, 2023 · 2 years agoAt BYDFi, we also utilize the SHA-256 algorithm for securing transactions. It provides a high level of cryptographic security that is essential in the world of digital currencies. The use of SHA-256 ensures that transactions on our platform are resistant to tampering and double spending. It's an industry-standard practice that helps maintain the integrity and trustworthiness of our exchange.
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