How does the bitcoin hashing algorithm ensure the immutability and integrity of the blockchain?
Can you explain how the bitcoin hashing algorithm works to ensure the immutability and integrity of the blockchain? What role does it play in securing the transactions and preventing tampering?
1 answers
- Fraol DemisseAug 24, 2021 · 5 years agoThe bitcoin hashing algorithm is a key component in securing the transactions and ensuring the integrity of the blockchain. It uses the SHA-256 algorithm, which takes the input data and produces a fixed-length hash value. This hash value is unique to the input data and acts as a digital signature for the block. Any change in the input data will result in a different hash value, making it impossible to tamper with the block without detection. The hashing algorithm also ensures that the blocks are linked together in a chain-like structure, with each block referencing the previous block's hash. This linkage further enhances the immutability of the blockchain, as any change in a block will affect the hash values of all subsequent blocks. Therefore, the bitcoin hashing algorithm plays a vital role in maintaining the integrity and immutability of the blockchain.
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