43 views
in Cryptocurrency by (16.6k points)
What is the purpose of cryptographic hashing in Bitcoin?

Please log in or register to answer this question.

1 Answer

0 votes
by (16.6k points)
Cryptographic hashing in Bitcoin serves several purposes, including securing the blockchain, ensuring the integrity of transactions, and providing a way to create new bitcoins through the mining process. Hashing is used to create a unique digital fingerprint for each block in the blockchain, linking them together in a tamper-proof way. This helps prevent double-spending and other fraudulent activities on the network.

Related questions

1 answer
1 answer
asked Mar 17, 2024 in Cryptocurrency by bivas54 (2.2k points)
2 answers
asked Mar 17, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
asked Mar 20, 2024 in Cryptocurrency by Kelvindhope (16.6k points)
...