Hello everyone, Happy New Year to all of you! I wish you a lot of luck,health,wealth and prosperity in your life and for me too. lol! Today we are going to talk about Hash Functions and how hash function is the key component of blocks of Block Chain! So lets start!
Hash Funtions
We have learned about the role of miners but miner and whole block chain will remain incomplete with Cryptography or simply called as Hash Function. Hash can be defined as the digest outcome of any given data and when we bind this with a method then it becomes Hash Function. Hash function generates an alphanumeric outcome which may be of 32 characters ,act as a unique identification like we have identity cards. Every inputs has its own unique hash just like a fingerprint which can't be duplicated.
Why we use hash?
The most important thing to note about Hash Technology is the adaptability,uniqueness and speed! Hash can be calculated for Any Size of Data no matter how much of data is stored or inputed for calculation of hash. Hash cannot be Reversed.
Hash is One way function
Hash is one way function ,but how?
We use encrypting or decrypting technology. It means and encrypted data can be decrypted but in hash function,you can't reverse the hash or decrypt to see the input data. That is why it is called as one way function. Hash cannot be reversed instead every hash key has its own unique data on every computer. It means if hash key of Data "ABC" is "af34g" than it will remain same on every computer.
Facts
Want to test hash function?
Head to https://anders.com/blockchain/hash.html
Hash is core but not everything!
Hash is core component but every block of bitcoin block chain is made up of three main components....
- Nonce
- Hash Value
- Block validation
It's New year... So just go outside and enjoy....
That's all in this post.... lets enjoy New year!
For previous chapter
chp3 ==>> https://steemit.com/bitcoin/@vishalsingh4997/bitcoin-miners-chapter-3-beginners-guide-to-blockchain
Time to Notify you....
Do upvote and follow me for more...
Till then live-love-laugh....
Happy New Year!
Congratulations @vishalsingh4997! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPHappy new year dear and your post is very helpfull for peoples
Thank you brother! If you like some fun than I got that too...
https://steemit.com/steem/@vishalsingh4997/helping-transisto-to-overcome-his-curators-roasting-with-steemer
I love the game theory behind hash functions and multi-sig transactions. Really good tech is being developed.
Yes . new technology after Internet
Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ImVishal97 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.