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How does Bitcoin use SHA-256 to prevent double spending?

avatarHarakiri HitoDec 27, 2021 · 3 years ago1 answers

Can you explain how Bitcoin utilizes the SHA-256 algorithm to prevent double spending?

How does Bitcoin use SHA-256 to prevent double spending?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we also utilize the SHA-256 algorithm for securing transactions. It provides a high level of cryptographic security that is essential in the world of digital currencies. The use of SHA-256 ensures that transactions on our platform are resistant to tampering and double spending. It's an industry-standard practice that helps maintain the integrity and trustworthiness of our exchange.