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What Is a Hash? Hash Functions and Cryptocurrency Mining
A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length.
Target Hash Definition
A target hash sets the difficulty for cryptocurrency mining using a proof-of-work (PoW) blockchain system.
Hash rate is the measure of the computational power in a proof-of-work (PoW) cryptocurrency network.
Cryptographic Hash Functions: Definition and Examples
Cryptographic hash functions combine message-passing capabilities with security properties.
Rising Hash Rate Boosts Bitcoin Mining Difficulty
Bitcoin mining difficulty has reached 30.97 trillion, its highest level since May 2022. This indicates more miners are participating, which is generally a positive sign.
What Is a Merkle Root (Cryptocurrency)? How It Works in Blockchain
A Merkle root contains information about every single transaction hash that ever was on a particular block in a blockchain.
How Does Bitcoin Mining Work? What Is Crypto Mining?
Bitcoin mining is how new bitcoins enter into circulation. It's also a critical component of the security of the blockchain ledger.
What Is Proof of Work (PoW) in Blockchain?
Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult.
Cryptocurrency Difficulty Definition
Cryptocurrency difficulty is a measure of how difficult it is to mine a block in a blockchain for a particular cryptocurrency.
Application-Specific Integrated Circuit (ASIC) Miner
An application-specific integrated circuit (ASIC) miner is a computerized device designed for the sole purpose of mining a cryptocurrency.