What role does SHA256 play in the mining process of cryptocurrencies?

1 answers

• Nov 25, 2021 · 3 years ago
  Well, let me break it down for you. SHA256 is like the secret sauce in the mining process of cryptocurrencies. It's a cryptographic hash function that miners use to secure and validate transactions. Think of it as a digital fingerprint for each transaction. Miners solve complex mathematical puzzles using SHA256 to generate a unique hash value for each block. This hash value is then added to the blockchain, creating a permanent record of the transaction. It's like a seal of approval that ensures the transaction is legitimate and can't be tampered with. So, SHA256 plays a crucial role in maintaining the integrity and security of cryptocurrencies.
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