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A diagram of a bitcoin transfer. The bitcoin protocol is the set of rules that govern the functioning of bitcoin.Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and ...
The domain name bitcoin.org was registered on 18 August 2008. [15] On 31 October 2008, a link to a white paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. [16] Nakamoto implemented the bitcoin software as open-source code and released it in January 2009. [6]
A cryptographic hash function must be able to withstand all known types of cryptanalytic attack. In theoretical cryptography, the security level of a cryptographic hash function has been defined using the following properties: Pre-image resistance Given a hash value h, it should be difficult to find any message m such that h = hash(m).
Hash algorithm Programming language of implementation Consensus mechanism Notes 2009 Bitcoin: BTC, [3] XBT, ₿ Satoshi Nakamoto: SHA-256d [4] [5] C++ [6] PoW [5] [7] The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW
Here is the formal technical definition of the puzzle friendliness property. [2] [1]A hash function H is said to be puzzle friendly if for every possible n-bit output value y, if k is chosen with a distribution with high min-entropy, then it is infeasible to find x such that H( k || x) = y (where the symbol "||" denotes concatenation) in time significantly less than 2 n.
SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA) and first published in 2001. [3] [4] They are built using the Merkle–Damgård construction, from a one-way compression function itself built using the Davies–Meyer structure from a specialized block cipher.
hash HAS-160: 160 bits hash HAVAL: 128 to 256 bits hash JH: 224 to 512 bits hash LSH [19] 256 to 512 bits wide-pipe Merkle–Damgård construction: MD2: 128 bits hash MD4: 128 bits hash MD5: 128 bits Merkle–Damgård construction: MD6: up to 512 bits Merkle tree NLFSR (it is also a keyed hash function) RadioGatún: arbitrary ideal mangling ...
RIPEMD (RIPE Message Digest) is a family of cryptographic hash functions developed in 1992 (the original RIPEMD) and 1996 (other variants). There are five functions in the family: RIPEMD, RIPEMD-128, RIPEMD-160, RIPEMD-256, and RIPEMD-320, of which RIPEMD-160 is the most common.