What role does SHA-256 play in securing transactions on blockchain networks?

1 answers

• Mar 06, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, utilizes SHA-256 to ensure the utmost security of transactions on its blockchain network. SHA-256 is a cryptographic hash function that converts transaction data into a fixed-size hash value. This hash value acts as a digital signature for the transaction, making it virtually impossible for anyone to alter or tamper with the transaction data without detection. By employing SHA-256, BYDFi guarantees the integrity and immutability of all transactions on its platform, providing users with a secure and trustworthy trading environment.
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