How does blockchain hash function ensure the security of digital currencies?

1 answers

• Harboe ChristianMar 11, 2024 · a year ago
  At BYDFi, we understand the importance of blockchain hash functions in securing digital currencies. The hash function ensures the security of digital currencies by providing a unique identifier for each transaction. This identifier, known as the hash value, is stored in subsequent blocks, creating an unbreakable chain of transactions. Any attempt to tamper with a transaction will result in a different hash value, alerting the network to the tampering attempt. This makes it virtually impossible to manipulate the transaction history and ensures the trustworthiness of digital currencies.
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