Learning About Bitcoin Basics With Hash Functions
Hash functions are a one-way mathematical problem. If a person has the resulting hash, it is impossible to convert it back to the original data.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynIn this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost go back to Bitcoin basics. They explain one of the most fundamental building blocks in all of Bitcoin: hash functions.To start the episode off, van Wirdum and Provoost explain that hash functions are a type of mathematical one-way function. That means that they can easily....
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Heavycoin is an interesting coin having been released a couple months ago. Here, an interview regarding the Heavy1 algorithm with the developer: Scrypt/adaptive-n is a single cryptographic hash function. Using a single cryptographic hash function as the basis for a crypto-currency is fine until that cryptographic hash function becomes weak, for example, due to advances in cryptography. You might think that would never happen, but it does. Cryptography does advance and the state-of-the-art changes. Cryptographic hash functions have limited lifetimes. Over time advances are made in....
Bitcointalk.org forum member keccak512 announced in a post on March 8 a currency called Heavycoin, an altcoin that puts specific focus on security. The innovation that lends Heavycoin it’s, um, heaviness, is the fact that the currency’s blockchain is secured with four hash functions. It also notes that the SHA-256 hash function — on which Bitcoin relies and which is part of Heavycoin’s collection of hash functions, as well — should not be trusted on its own, as revelations from Edward Snowden have indicated. Heavycoin developers conclude that currencies with SHA-256 cryptography may be....
In this episode of "The Van Wirdum Sjorsnado," the hosts discuss the basics of the Lightning Network and its challenges. The post The Lightning Network Basics appeared first on Bitcoin Magazine.
Unless you've been living under a rock for the past few years, you'll have heard about bitcoin, but how much do you really know about this form of cryptocurrency? Find out with our Bitcoin Basics Quiz. Quiz; bitcoinQuiz
The MIT Media Lab's Learning Initiative and Learning Machine have released the first version of an open-source project that builds an ecosystem for creating, sharing and verifying blockchain-based educational credentials. The project represents the first step in a broader undertaking that is focused on creating new technologies and collaborating to evolve standards that lift the entire ecosystem. The MIT Media Lab's Learning Initiative integrates learning-related projects across different research groups, develops new technologies for creative learning, and uses the Media Lab as a platform....