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 […]
Concepts In This Page
SHA256 is an encryption routine which produces a unique and irreversible digest for a given message.