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SHA-256 is the most used algorithm which has gained popularity around the world due to the exceptional features that it possesses. It has a distinctive place in the ASIC mining industry due to the compatibility that they both share. This blog attains to provide you with a detailed analysis of the SHA-256 algorithm by unveiling each aspect related to it. You will get to know what SHA-256 is, its advantages, limitations and the applications such as data validation, storing passwords and much more.
Also, you will get to know the top minable coins with SHA-256 as we explore the coin’s current state such as the market cap, total supply, etc. Lastly, you will know how Bitcoin is different from Litecoin which is said to be gold and silver respectively when put into contrast with one another. So let’s get started!
The National Security Agency (NSA) of the United States created the Secure Hashing Algorithm (SHA) family of cryptographic hash functions. To put it simply, a hash function is a mathematical algorithm that accepts an input (any type of data, such as a file or password) and outputs the hash value, also known as the digest, as a fixed-length string of characters.
SHA-256 came in replacement for the once-widely used SHA-1 algorithm. There were flaws detected in its code, and was insecure. As the technology developed with time, it became difficult for attackers to take advantage of the SHA-256 algorithm and threaten the integrity of hashed data.
The hash output’s bit size is denoted by SHA-256. It produces a hash value that is 256 bits long, offering a substantially wider search space than the previous version(SHA-1). This depicts that it is computationally impossible to figure out the original input from the hash value.
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