ELI5 Sponge Functions for cryptocurrency development [Hash functions]
If you’ve been following the development of IOTA, and other cryptocurrencies, then you’ve probably heard the term “cryptographic sponge function“, or simply sponge function? You didn’t? Then surely you’ve heard about hash functions, right? Hashing functions are one kind of sponge function! What exactly do hashing functions do? And why are they called sponge functions? […]
Bitcoin: The mother of all cryptocurrencies
On January 12 2009, an individual or group using the pseudonym Satoshi Nakamoto, announced that the first Bitcoin transaction had taken place. Ten Bitcoins had been magically transferred between Satoshi and cryptography legend Hal Finney. It was the beginning of a revolution which, to this day, promises to change how humankind deals with money, finance […]
Bitcoin vs. Bitcoin Cash : Two coins with matches, playing in gasoline
“The nuclear arms race is like two sworn enemies standing waist deep in gasoline, one with three matches, the other with five.” – Carl Sagan Cryptocurrencies are in a strategic inflection point. The big investors behind Bitcoin Cash have decided to take on BTC after their, in hindsight strategic, 2X retreat. Will it Work? Carl […]
Concepts In This Page
SHA256 is an encryption routine which produces a unique and irreversible digest for a given message.